EXCLUSIVE: Korean webcomic platform Manta has appointed its first CEO.
The Seoul, Korea-based subscription service is now led by Travis Kim.
This comes as Manta looks to build an IP repository and scale for the future. The company said that the move will “relinquish” its autonomy from its parent company, RIDI Corporation, and allow it to create greater scale independently.
RIDI founder Kisik Bae founded the platform in late 2020 and offers webtoons at a reasonable price, similar to the webtoon services that have exploded worldwide in recent years.
New CEO Kim will spend his time between Korea and the US. He has an extensive background in operations, management, product management and business scaling. Most recently, he was Chief Product Officer for CLASS101, a Korean startup, working closely with global companies such as Amazon and LG Electronics.
“Travis has a proven leadership acumen, honed through a variety of leadership roles, that will enable him to take the helm at Manta and accelerate the company’s growth,” said Bae, who predicted the platform would be “a” power plant” will be.
“I am confident that we have all seen Manta’s potential to become a major force in the digital industry,” Kim added.
Manta operates in 175 countries and offers comics for a fixed monthly price, while most competitors traditionally opt for pay-per-title models. The company also stated that it expects IP properties from RIDI and Manta to be adapted for films and television through the platform.
Source: Deadline
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