Webtoon: South Korea’s Next Key Sector in K-Contents
On Jan. 23, South Korea’s Ministry of Culture, Sports and Tourism unveiled initiatives to foster the growth of the nation’s webtoon platforms, aspiring to achieve global influence on par with Netflix. The initiative emphasizes objectives such as expanding the scale and export potential of the webtoon industry, as well as establishing representative festivals.
Alongside forming a new organization dedicated to manhwa and webtoons in March, the ministry will also set up a new team under the Korea Creative Content Agency to enhance its support in the creation, distribution, investment, and global expansion of the webtoon industry. A significant budget increase will be allocated to the manhwa and webtoon sectors to facilitate these plans, from the W20 billion allotted in 2019 to W100 billion by 2027. The ministry further aims to establish a related academy by 2027 to nurture professionals in the field.
One notable plan is to launch a manhwa and webtoon festival in the fall. The government intends to present awards to outstanding works and industry professionals at the festival. The aim is to make it an international ceremony on par with the Cannes Film Festival.
Amelia Moon Staff Reporter
1. What initiatives did South Korea's Ministry of Culture, Sports and Tourism unveil regarding webtoon platforms?
2. How will the Korea Creative Content Agency support the webtoon industry?
3. What notable event is planned for the fall as part of the initiative?
4. What parallels are drawn between the festival and the Cannes Film Festival?
1. Why do you think South Korea's government is investing significantly in the growth of the webtoon industry?
2. How might the expansion of the webtoon industry contribute to South Korea's cultural influence on the global stage?
3. How might the increased budget allocation impact the quality and diversity of webtoon content produced in South Korea?
4. How might the establishment of a manhwa and webtoon festival benefit both creators and consumers of webtoon content?