Webtoon Industry Faces Labor Reckoning Thanks to One CEO’s Raise

For quite some time, anime has predominantly either been original works that were forged for the screen or based on Japanese manga that made the leap to the anime world. In recent years however,as more series are receiving anime adaptations and are taking the world by storm. Unfortunately, it appears as though there is some massive drama surrounding the WEBTOON universe following the original company being made public.

Earlier this year, WEBTOON Entertainment, the company that is one of the premiere spots for reading the printed works, went public on the United States stock market. While this might have initially seemed like a boon, it ultimately might be viewed as a curse as the stock has fallen nearly fifty percent in the months following.

Employees had reported that Kim had taken the opportunity to have an all-hands meeting with WEBTOON employees, pleading his case. As one anonymous employee reported, Joonkoo was seemingly in tears as he defended his moves as employees remarked that they were “crocodile tears.” While a labor strike has yet to be confirmed for WEBTOON’s employees, it also isn’t entirely out of the question.

You might not realize that some of the biggest anime of the day have arrived thanks to the South Korean medium, for example, which will return with a second season in the coming months, was based on a WEBTOON that told the story of Jinwoo Kim and his quest to take care of his family in a supernatural world.

Be the first to know about your favorite movies, shows, comics, anime, video games, and more! Sign up here and never miss a scoop.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Harris calls Trump 'existential threat' to labor, plans to hit him on auto industry in MichiganUnited Auto Workers President Shawn Fain will join Harris for the rally.
Source: ABC - 🏆 471. / 51 Read more »

Construction Industry Fears Deportation Operation's Impact on Labor ShortageThe construction industry is expressing deep concern over potential mass deportations, warning that it would worsen an already severe labor shortage and drive up housing costs. Experts say undocumented workers make up a significant portion of the construction workforce, particularly in Sun Belt states.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

Construction Industry Fears Deportation Push Would Exacerbate Labor ShortagesThe potential for mass deportations under the current administration is causing alarm within the construction industry. With labor shortages already plaguing the sector, experts warn that removing undocumented workers would further cripple an industry dependent on their contributions.
Source: nbcchicago - 🏆 545. / 51 Read more »

Carbon removal industry calls on U.S. government for regulation in new industry reportThe nascent industry for removing carbon dioxide directly from the air is calling on the U.S. government to adopt standards and regulations to boost confidence in the business. On Wednesday the Carbon Removal Alliance also recommended ways to improve monitoring, reporting and verification.
Source: AP - 🏆 728. / 51 Read more »

Taiwan's Chip Industry Faces Energy Crisis as AI Demand GrowsTaiwan's thriving semiconductor industry, known for producing the world's most advanced computer chips, is facing a growing energy crisis. The high energy demand of chip manufacturing, particularly from companies like TSMC, threatens Taiwan's ability to meet its clean energy targets and sustain its economic prosperity.
Source: WIREDScience - 🏆 385. / 55 Read more »