©Carrot
Kakao Entertainmentthe parent company of Webtoon platform snackit will close its Radish on the American English online novel platform by December 31, 2025. Radish announced the decision on July 9 via in-app notification, noting that it has made “hard decisions that have lowered the Radish App.”
Radish was founded in 2016 by Seung-Yoon Lee and is in Kakao Entertainment The company was acquired in 2021 for 500 billion krw (about $440 million at the time). This move is cocoaActive global expansion strategies, which also include access to online platforms snack And launch services in Southeast Asia.
cocoa Since then, three platforms have been operated in North America – snackcarrots and Wuxiaworld – in snack Entertainment umbrella. However, only the carrots will stop at this time.
Although the company has not specified a reason for the closure, slower revenue growth is believed to be a key factor. cocoa Loss of goodwill previously confirmed related to 460 billion krw losses snackQuote the challenges of the North American market.
Closure marks another step cocoaContinued global restructuring. In October 2023, the company left Taiwan and Indonesia and announced its closure earlier this month cocoa Thailand website will be new Page Cocoa Service later this year.
Follow these changes, cocoaThe remaining global story IP platforms include snack and Wuxiaworld in North America, piccoma In Japan and the upcoming Page Cocoa Thailand.
one Kakao Entertainment The spokesman said the decision was part of a broader effort to “refocus on the global strategy” through mergers and strengthening operations. snack As the core platform of North America.
source: Then (Kyung-Yoon Kim)
