Com2uS Partners with Kenaz to Establish 'Jungle Studio'... Entering the Webtoon Business

[Asia Economy Reporter Kang Nahum] Com2uS announced on the 7th that it has established the content production company 'Jungle Studio' and is making a full-scale entry into the webtoon and storytelling content business.

Jungle Studio is a joint venture (JV) specializing in the production of story content such as webtoons and web novels. It was jointly established with Kenaz, the largest webtoon production company in Korea, with Com2uS holding 56% of the total shares and Kenaz holding the remaining 44%.

Kenaz, which partnered with Com2uS this time, is a webtoon production company that has secured about 200 top-level domestic writers. Since its establishment in 2018, it has produced hundreds of works in genres such as martial arts, fantasy, romance, action, and drama, including hit titles subscribed by about 800,000 people such as 'Bulsamujeok', 'Manghal Gamun-eul Sallyeobogessseumnida', 'Hyangjang', and 'Login Murim'.

Lee Woojae, CEO of Kenaz, will take the position of CEO of Jungle Studio, and about 20 of Kenaz's top-tier writers will be deployed as core personnel.

Jungle Studio plans to develop an IP (intellectual property) business centered on storytelling content based on the excellent competitiveness of both companies, recognized in the global market, including Com2uS's popular game titles and Kenaz's production know-how.

First, based on Com2uS's global IP 'Summoners War', which spans multiple media beyond games, they aim to produce numerous webtoons in various genres that have not been previously introduced, targeting serialization in the first quarter of 2022. Along with this, they will expand the production scope to web novels based on webtoons and plan to expand the worldview of the Summoners War IP, which Com2uS has developed, into self-produced content.

Additionally, they plan to produce webtoons based on several Com2uS game titles that are popular domestically and internationally, and also pursue original webtoon production to secure their own IP.