Dec. 29 (UPI) -- SEOUL, Dec. 29 (Yonhap) -- South Korea's webtoon industry continued its strong growth momentum in 2024, with total annual revenue exceeding 2 trillion won (US$1.397 billion) for the second consecutive year, government data showed Monday.
The domestic webtoon market generated an estimated 2.286 trillion won in revenue in 2024, up 4.4 percent from 2.189 trillion won a year earlier, according to the 2025 industry survey report released by the Ministry of Culture, Sports and Tourism and its affiliate, the Korea Creative Content Agency.
The report showed the sector has expanded steadily since 2018, when the government began compiling official statistics. Webtoon revenue stood at just 379.9 billion won in 2017 but surged past the 1 trillion-won mark in 2020 and topped 2 trillion won for the first time in 2023.
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