Korean companies Naver Webtoon, also known as Webtoon Entertainment, and Yanolja are preparing for a US stock debut this year. They seek higher valuation and aggressive overseas expansion, inspired by Coupang’s successful Nasdaq listing in 2021, which valued the company at $63 billion. Despite changes in market sentiment following the burst of pandemic-bubble stocks, both Naver Webtoon and Yanolja have decided to pursue their US listing instead of waiting for a potentially more favourable time. In pursuing its US expansion, Naver Webtoon submitted its application for a Nasdaq listing late last month.
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