Naver Webtoon, the Korean subsidiary of webtoon entertainment, is transitioning to a co-CEO structure with Kim Yong-soo and Kim Kyu-nam. Kim Jun-goo, the CEO of Webtoon Entertainment, will focus on global market expansion and long-term growth without serving as the representative director of Naver Webtoon.
Naver Webtoon announced on October 1 that it has appointed Kim Yong-soo, President of Webtoon Entertainment, and Kim Kyu-nam, Chief Administrative Officer (CAO), as co-CEOs.
Kim Yong-soo will maintain his role as President while also serving as co-CEO of Naver Webtoon. Kim Kyu-nam will transition from Chief Risk Officer (CRO) to CAO and will also take on the role of co-CEO.
Kim Jun-goo will not serve as the representative director of Naver Webtoon but will concentrate on long-term growth and strengthening the company's fundamentals as the chair of the board and CEO of Webtoon Entertainment. He plans to support the management of regional subsidiaries and focus on global business expansion.
This restructuring follows a leadership overhaul at Webtoon Entertainment in March, when the position of President was created and Kim Yong-soo, then Chief Strategy Officer (CSO), was appointed to the role.
During that time, Kim Jun-goo focused on long-term growth and future direction, while Kim Yong-soo was tasked with enhancing operational efficiency and business execution. This latest change extends that division of roles to the Korean subsidiary.
Since joining Naver Webtoon in 2018, Kim Kyu-nam has led efforts related to content policy and the creative ecosystem. He has overseen the establishment of content operation processes and guidelines, launched creator systems, and collaborated with governments and organizations to combat illegal distribution of webtoons, protecting creators and intellectual property (IP).
Moving forward, Kim Kyu-nam aims to strengthen communication with domestic partners and organizations while leading collaborations with various stakeholders as Kim Jun-goo focuses on global market expansion.
Kim Yong-soo, who joined Naver Webtoon in 2022, has contributed to securing financial stability and a successful initial public offering (IPO). He has led partnerships with global entertainment companies while overseeing the global webtoon division as CSO. Since his appointment as President in March, he has been driving operational efficiency and execution across the company.
* This article has been translated by AI.
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