Tapas webcomic platform shuts down
The gist
Kakao Entertainment is shutting down Tapas, the North American webcomic platform it bought in 2021.
The move ends a ₩1.1 trillion North America push, leaving creators and readers scrambling.
How it unfolded
- 2021Kakao Entertainment acquired Tapas and Radish, valuing Tapas at approximately ₩600 billion and Radish at around ₩500 billion, a combined investment of approximately ₩1.1 trillion.
- 2022Tapas and Radish were merged under the Tapas Entertainment structure, with Kakao Entertainment describing the merger as a way to accelerate growth in North America.
- 2025Radish was shut down in North America, despite Kakao Entertainment previously saying it would concentrate its efforts on Tapas.