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Webtoon (stylized in all caps) is a South Korean webtoon platform launched in 2004 by Naver Corporation, providing hosting for webtoons and compact digital comics. The platform first launched in Korea as Naver Webtoon and then globally as Line Webtoon in July 2014, as the Naver brand is not well known outside of Korea and some of its services are also not available outside of the country. The service gained a large amount of traction during the late 2000s and early 2010s. In 2016, Naver's webtoon service entered the Japanese market as XOY and the Chinese market as Dongman Manhua. On December 18, 2018, Naver closed XOY and migrated all of its translated and original webtoons to Line Manga, its manga service that offers licensed manga. In 2019, Line Webtoon was changed to Webtoon in English; Spanish and French versions were launched. The platform partners with creators to publish original content under the Webtoon Originals banner and hosts a number of other series on its self-publishing site CANVAS. Line Webtoon comics can be discovered through the "daily system" function, along with being read and downloaded for free on computers and both iOS and Android devices. In November 2020, Webtoon established a new subsidiary called Webtoon Studios for the purpose of licensing English-language properties. In August 2022 it was reported that Wattpad Webtoon studios announced that would expand with a new animation division.
