Kakao Entertainment to Merge 3 Story Content Subsidiaries
Kakao Entertainment announced on August 14 that it will merge three wholly owned story content subsidiaries: Samyang C&C, Intime, and Pilyeon Management. The companies approved the merger at board meetings on August 12 and plan to complete it by the end of the year. The merged company will keep the Samyang C&C name, led by CEO Sung-taek Cha. The three firms develop webtoons and web novels across romance fantasy and martial arts genres, covering production, publishing, merchandise, and adaptations into live-action and animation.