Naver and the management of Naver Webtoon will meet with Netflix in the United States. This meeting is being held at the invitation of Netflix's headquarters. There are expectations within the industry regarding the possibility of additional collaboration between Naver and Netflix.
According to industry sources on the 2nd, Choi Soo-yeon, CEO of Naver, and Kim Jun-gu, CEO of Webtoon Entertainment, will meet with Netflix executives in Silicon Valley, United States, on the 5th (local time). It appears that the two CEOs are visiting the United States at the invitation of Netflix.
Naver and Netflix are strengthening their collaborative relationship. In November of last year, they added Netflix subscription benefits to Naver Membership. By paying an expense of 4,900 won (Naver Membership fee), users can access Netflix's 7,000 won advertising subscription plan.
The number of monthly active users (MAU) for Netflix in the country increased from 10 million in June of last year to 14 million after partnering with Naver. The daily average of new membership sign-ups for Naver has also increased by 1.5 times compared to before the collaboration.
A Naver official noted, "It is correct that the representative is meeting at the invitation of Netflix," but added, "No specific details have been confirmed."