Webtoon Entertainment, a webcomics powerhouse and a leader in user storytelling platforms, named Yongsoo Kim, previously chief strategy officer and head of global, as president.
Kim, who joined the company in 2022, has also been appointed as a member of the board of directors of Webtoon Entertainment. Under the new organizational structure, Webtoon Entertainment senior leadership will report to Kim, who will report to founder and CEO Junkoo Kim.
In his new role, Yongsoo Kim will focus on “accelerating execution and driving innovation to reignite growth momentum across Webtoon Entertainment’s global business,” the company said. Junkoo Kim will focus on long-term strategy and vision, while CFO and chief operating officer David Lee will continue in his current role.
Yongsoo Kim is credited with strengthening the company’s financial foundation and played a leading role in its IPO in 2024 on the Nasdaq. He is the architect of Webtoon Entertainment’s most significant deals and growth initiatives, including its partnership with Disney, which is working with Webtoon to launch a webcomics platform and took an equity stake in Webtoon. Kim also inked a deal with Disney to bring 100 titles to Webtoon’s webcomics app, as well as a coproduction deal with Warner Bros. Animation for 10 Webtoon webcomics series.
In addition, under his leadership, Webtoon introduced Video Episodes, expanded creator programs, and delivered measurable improvements in user engagement and platform performance. Kim also led a strategic transformation of Webtoon Entertainment’s U.S. operations, launching new growth and engagement initiatives, and strengthened the integration of its entertainment business, Webtoon Productions (formerly Wattpad Webtoon Studios), according to the company.
“Yongsoo has demonstrated exceptional leadership, combining innovation with operational discipline and a proven ability to translate strategy into measurable results,” Junkoo Kim said in a statement. “As CSO and head of global Webtoon, he strengthened our U.S. and international operations, building a culture of innovation and performance. Yongsoo’s elevation to president reinforces our commitment to disciplined execution as we scale globally, boldly innovating while staying focused on our long-term vision to be the world’s storytelling technology platform, empowering creation by anyone, for everyone.”
Before joining Webtoon Entertainment, Yongsoo Kim was a principal at private equity firm KKR, where he led initiatives across portfolio companies and worked on investment activities in Korea. Earlier in his career, Kim was part of the founding team of Tesla’s Korea operations and served as an engagement manager at McKinsey & Company. He also held various roles at Korean gaming company Netmarble and served as COO for Y Combinator-backed Mars Auto. Kim serves as a director at LD Carbon and previously served as a director at ECORBIT (formerly TSK Corp.) and as an auditor at HD Hyundai Marine Solution. Kim received a bachelor’s degree in business administration from Yonsei University in 2012.
Webtoon Entertainment says it has approximately 160 million monthly active users across brands and platforms. The company is headquartered in Los Angeles, with a large presence in South Korea. Webtoon Entertainment adaptations are available on Netflix, Amazon’s Prime Video and Crunchyroll, among other platforms, while the company’s content partners include Discord, HYBE and DC Comics.
For full-year 2025, the company reported revenue of $1.38 billion, up 2.5%, driven by growth in paid content and IP adaptations, partially offset by a decline in advertising. Net loss was $373.4 million, compared with $152.9 million in the prior year, driven by goodwill impairments for Wattpad Corp., Wattpad Webtoon Studios Corp, Munpia Inc., Purple Duck and Jakga Company Inc.
