WEBTOON Entertainment Inc. (WBTN) Form 8-K — Oct 5, 2026
WEBTOON Entertainment's board approved CEO and Chairman Junkoo Kim's relocation from Korea to the U.S., with his NAVER WEBTOON employment terminating alongside a KRW 249.6 million (~$184,175) severance payout and a $567,009 one-time relocation benefit plus tax equalization. Kim retains his CEO and Chairman roles unchanged. Effective October 1, 2026, Kim's employment agreement was amended and restated, materially enhancing severance: 12 months' base salary lump sum (24 months post-change-in-control), added target bonus lump-sum payments, extended COBRA coverage, and full equity acceleration after a change in control.
Key figures
- Base salary
- $750,000
- Marvel comics library
- more than 35,000 digital comics
- Marvel app launch date
- November 16, 2026
- Marvel base tier price
- $9.99/month or $69.99/year
- Target incentive bonus
- $850,000 (0%-200%)
- Marvel ultimate tier price
- $12.49/month or $99.99/year
- Marvel founding member price
- $59.99 first year Ultimate Annual
- Webtoon monthly active users
- approximately 155 million
- Severance severance 12mo salary
- Yes
- Change in control severance 24mo salary
- Yes
AI analysis
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