Naver Webtoon appoints Kim Yong-su and Kim Gyu-nam as co-CEOs... CEO Kim Jun-gu focuses on management of the U.S. headquarters

Naver Webtoon announced on the 1st that it had appointed Kim Yong-soo, President of Webtoon Entertainment, and Chief Administrative Officer (CAO) Kim Gyu-nam as co-CEOs of Naver Webtoon.

This is a measure to advance regionally tailored growth strategies and strengthen company-wide synergy by switching from a sole representative system under Kim Jun-gu, CEO of Webtoon Entertainment and CEO of Naver Webtoon, to a joint representative system. Webtoon Enter is the U.S. headquarters of Naver Webtoon.

According to Naver Webtoon, the new co-CEO Kim Yong-su will maintain his position as president of Webtoon Entertainment and also serve as co-representative of Naver Webtoon. CEO Kim, who joined Naver Webtoon in 2022 after working at McKinsey & Company and Tesla, served as the head of Webtoon Entertainment's global webtoon division and chief strategy officer (CSO) before being appointed as Webtoon Enter President in March.

The new co-CEO Kim Gyu-nam will change his position from Chief Risk Management Officer (CRO) of Webtoon Entertainment to CAO and will also take on the role of co-representative of Naver Webtoon. CEO Kim, a former in-house lawyer at GS E&C, joined Naver Webtoon in 2018 and has been in charge of content operation processes, establishing guidelines, and responding to illegal distribution as the content policy manager.

Following the reorganization of the co-representative system, existing CEO Jun-gu Kim plans to focus on his role as Chairman of the Board of Directors and CEO of Webtoon Entertainment and focus on expanding the global market.

CEO Kim Jun-gu said, "Through this reorganization, we have increased the efficiency of global governance and strengthened the professional management system suited to Korea's market conditions. We will continue to provide full support to the advancement of the domestic creative ecosystem and policies."