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.

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