Kakao Entertainment to merge KakaoPage, KakaoWebtoon and close Tapas

  • Kakao Entertainment will integrate KakaoPage and KakaoWebtoon under KakaoPage.
  • The unified platform will centralize approximately 16,000 original story IPs and subscription data.
  • The Kakao Union requested details on Tapas closure procedures and employee measures.

Kakao Entertainment will integrate KakaoPage and KakaoWebtoon into a single KakaoPage platform by the end of the year and proceed with closing its North American webtoon service Tapas. The domestic consolidation will bring about 16,000 original story intellectual properties and subscription data onto one platform, with data-driven and AI-powered recommendations planned to improve functionality. Kakao Entertainment said it will provide users with specific integration timelines and methods on the 29th. The move follows the closure of North American web novel service Radish late last year and reflects a shift away from unprofitable overseas platform operations toward core storytelling businesses, including story IP development, distribution and adaptations. The Kakao Union has asked the company to explain the Tapas closure, financial losses, employee measures and plans for user refunds, content and data protection.

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