Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
Asian Currencies Steady as Yen Holds Firm, Oil Tops $100 
SpaceX Turbine Push Unlikely to Threaten Howmet, Bernstein Says 
Blackstone Eyes $2 Billion ZO Skin Health Sale 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
Hormuz Shipping Slows as Iran Threats Lift Oil Risks 
SEC Seeks ISS Client Voting Records in Proxy Adviser Probe 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
Can Europe shake its Russia links for good? 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
TSMC August Revenue Jumps 53% on AI Chip Demand 
Apple Unveils $1,999 Foldable iPhone Duo 
Anthropic Drops $6 Billion Decart AI Acquisition Talks 
Kioxia Rules Out SK Hynix Manufacturing Partnership 
OpenAI Targets Specialized Industries as Enterprise AI Demand Grows 
Asian Stocks Mixed as Korean Chipmakers Rally 
Add as a preferred source on Google
Kakao Entertainment Corp., a South Korean entertainment, mass media, and publishing company, just established Tapas Entertainment to scale up the expansion of its content businesses in the North American region.
According to The Korea Herald, Tapas Entertainment was launched following the merger deal between Radish Media web novel company and Tapas Media webtoon platform that is based in North America. The merger was completed on Aug. 5, and Kakao Entertainment subsequently announced the entrance of Tapas Entertainment into the content business sector.
It was in May of last year when Kakao Entertainment acquired both Radish and Tapas Media. The company had to wait for the completion of the merger before it could take the next step for the launch of Tapas Entertainment and be able to enter the global market starting in North America.
Kakao will bank on the growing popularity of Korean webtoons overseas and release its webtoon and web-based novel content to various markets outside of South Korea. The company revealed it had already started working with more or less 100,000 content creators in North America. These people were mostly working with Radish Media and Tapas Media prior to the merger.
Kakao Entertainment owns around 10,000 original intellectual properties in Tapas Entertainment. The firm said that 70% of sales from its newly-established company come from less than one percent of its own IP.
“Through the merger, North America’s most premium digital storytelling platforms - Tapas, Radish and Wuxiaworld - have come together,” Tapas Entertainment co-chief executive officer, Kim Chang Won, said in a statement. “We expect the collaboration between the highest level of IP spectrum secured through the merger and the mass partnership with local creators to not only expand our global readership size but also create synergy with North American entertainment businesses.”
It should be noted that Wuxiaworld is a subsidiary of Tapas Media and operates as a platform for Asian fantasy fiction content. Finally, Korea Joongang Daily reported that Kakao bought Radish and Tapas Media for $960 million in 2021.
