The last thing readers want to hear about is how the government is tied into their favorite webtoons and manhwa, but this political move is sure to brighten any reader's day. As South Korea aims to pivot its market towards creators' benefits to fuel the webtoon market, a new law has been enacted to promote healthy business practices.
The webtoon market is already a massive industry for South Korea , especially as the birthplace of manhwa through online comic platforms such as Webtoon, Naver, and Daum. While the government has already made moves prior to support that ongoing market, the latest law it’ll put into practice will now benefit those online businesses and creators alike by introducing tax credits.
South Korea Implements Tax Reform For Webtoon Companies Under Promotion of C