South Korea’s Kakao Entertainment Corp., a unit of mobile platform giant Kakao Corp., is seeking renewed growth through corporate restructuring and closer ties with its global webtoon platform operator Kakao Piccoma.
In a town hall meeting with employees on Friday, Kakao Entertainments two new co-chief executives Kisu Kweon and Joseph Chang said they will reorganize the firms corporate structure to strengthen music intellectual properties (IPs), drama and movie production, and webtoon-related businesses.
Unveiling their business strategies, the co-CEOs who assumed their posts on Thursday said they would newly establish a team dedicated to the music IP business.
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