[Official] Kakao Entertainment to Merge Samyang C&C, Intime, and Pil-Yeon Management

*This content was translated by AI.

Kakao Entertainment (Co-CEOs Ko Geok-hee and Jang Yoon-jung) is integrating its subsidiaries Samyang C&C, Intime, and Pil-Yeon Management to strengthen its competitiveness in the story IP business.

According to Kakao Entertainment, each company held a board meeting on the 12th and approved the merger of the three companies. The merger process will be completed within this year. This is a full subsidiary-to-subsidiary merger with Kakao Entertainment holding 100% of the shares. The merged entity will retain the existing name "Samyang C&C," and Cha Seong-taek (CEO) will lead the new integrated company.

Kakao Entertainment stated, "This decision was made to strengthen competitiveness in story IP and improve management efficiency. We will organically combine the planning and production know-how of webtoons and web novels held by each company and enhance our nobel-comics capabilities that connect web novels to webtoons, thereby strengthening synergies in the story IP business."

Accordingly, the company plans to focus its efforts on planning and discovering high-quality IPs across various genres such as romance, fantasy, and martial arts, securing mega IPs with strong fandoms, and reinforcing the story IP pipeline.

Kakao Entertainment added, "Through this merger of the three companies, we will plan and discover competitive IPs in various genres to solidify our story business and strengthen a globally competitive IP pipeline."

Samyang C&C, Intime, and Pil-Yeon Management are webtoon and web novel CPs (Content Providers) with strengths in planning and producing story IPs across a wide range of genres including romance fantasy and traditional martial arts, as well as in nobel-comics that expand web novels into webtoons.

They also have strengths in diversifying IPs by expanding them into secondary creative works such as dramas and animations. Kakao Entertainment reported that they have demonstrated competitiveness based on know-how across the entire IP business, from discovering new authors to planning and producing webtoon and web novel works, publishing, merchandise development (MD), and expanding into secondary creative works like dramas and animations.

Samyang C&C's fantasy work "King of Spirits Elquines" is cited as a successful case of nobel-comics that expanded from a web novel to a webtoon.

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*This content was translated by AI.