Early this morning, WEBTOON announced Yongsoo Kim will become the company’s president and have a seat on its Board of Directors. He was previously WEBTOON’s Chief Strategy Officer and Head of Global. Now, Kim will be in charge of driving the webcomic company’s growth and momentum across its global lines of business. As part of this new structure, Kim will now oversee WEBTOON Entertainment’s leadership and report into CEO Junkoo Kim.
In WEBTOON’s press release, its platform boasts approximately 160 million monthly active users across its brands, including WEBTOON and Wattpad, a webnovel platform. Variety states “Kim is credited with strengthening the company’s financial foundation and played a leading role in its IPO in 2024 on the Nasdaq.” His promotion comes during a time of growth for WEBTOON as it continues to expand outside of just being a digital distribution platform to an all inclusive entertainment company.
Prior to WEBTOON Entertainment, Yongsoo Kim was a Principal at KKR, where he led value creation 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. Kim serves as a director at LD Carbon and previously served as a director at ECORBIT (formerly TSK Corporation) and as an auditor at HD Hyundai Marine Solution. Kim holds a Bachelor of Business Administration at Yonsei University.
Source: Press Release, WEBTOON, Business Wire
