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\t\t\t\t\t\t\t\t\t\tKakao Entertainment corporate identity (CI) (Photo: Kakao Entertainment)<\/p>\n
Kakao Entertainment said on Thursday it will integrate three subsidiaries in its story division: Samyang C&C, Intime and Pilyeon Management.<\/p>\n
Each company held a board meeting on Aug. 12 and approved the merger of the three firms. It plans to complete the merger procedures within the year. The deal is a merger among wholly owned subsidiaries in which Kakao Entertainment holds a 100 percent stake. The integrated entity will keep the existing name Samyang C&C. Samyang C&C CEO Cha Seong-taek (\ucc28\uc131\ud0dd) plans to lead the combined company.<\/p>\n
Kakao Entertainment decided on the merger to combine the webtoon and web novel planning and production know-how held by each firm and to integrate the noble comics segment. It plans to secure intellectual property (IP) in genres such as romance, fantasy and martial arts and build a pipeline.<\/p>\n
The three companies subject to the merger have been running a noble comics business as content providers, expanding web novels into webtoons. They are also pursuing businesses that expand into secondary creations, including work planning, production, publishing, merchandise, dramas and animation.<\/p>\n
Samyang C&C’s fantasy title “The Spirit King Elquines” is an example of a work expanded from a web novel into a webtoon. The title has recorded a combined cumulative 340 million views after being serialized on KakaoPage and Kakao Webtoon, and it has also been released on Japan’s Piccoma operated by Kakao Piccoma.<\/p>\n
A Kakao Entertainment official said, “Through the merger of the three companies, we will plan and discover IP to solidify the story business and continue building a global IP pipeline.”<\/p>\n","protected":false},"excerpt":{"rendered":"Kakao Entertainment corporate identity (CI) (Photo: Kakao Entertainment) Kakao Entertainment said on Thursday it will integrate three subsidiaries…\n","protected":false},"author":2,"featured_media":118755,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[622],"tags":[61446,827,2029,19558,61447,61445],"class_list":["post-118754","post","type-post","status-publish","format-standard","has-post-thumbnail","category-kakao","tag-intime","tag-kakao","tag-kakao-entertainment","tag-kakao-piccoma","tag-pilyeon-management","tag-samyang-cc"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/118754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=118754"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/118754\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/118755"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=118754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=118754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=118754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}