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# WEBTOON CEO's Severance Doubles To 12 Months, 24 After A Takeover, As He Moves To U.S.
- URL: https://www.bullished.co/webtoon-ceos-severance-doubles-to-12-months-24-after-a-takeover-as-he-moves-to-u-s-21f7af49/
- Published: 2026-10-05T20:46:05.000Z
- Updated: 2026-10-05T20:46:05.000Z
- Description: CEO and Chairman Junkoo Kim keeps both roles while the board pays $567,009 to cover his move and rewrites his exit terms.
- Author: Matteo Parrino
- Tags: Deals, WBTN, Industry: Communication Services

WEBTOON's board approved a [$567,009 relocation payment](https://www.sec.gov/Archives/edgar/data/0001997859/000199785926000092/wbtn-20260930.htm?ref=bullished.co) for CEO and Chairman Junkoo Kim and rewrote his employment contract to double his severance, an 8-K shows. The filing became public Monday after the market close; the stock was $10.46, down 0.38%, in market data as of Monday at 4:31 p.m. ET.

The Marvel Comics app debuts at New York Comic Con from October 8 to 11, and launches November 16.

### Sources

- [8-K Filing — WEBTOON Entertainment Inc. (WBTN)](https://www.sec.gov/Archives/edgar/data/0001997859/000199785926000092/wbtn-20260930.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit final\_pressreleasexmca.htm — WEBTOON Entertainment Inc. 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001997859/000199785926000092/final%5Fpressreleasexmca.htm?ref=bullished.co) — SEC EDGAR
- [Marvel’s launching a new comics app developed with Webtoon on November 16th. | The Verge](https://www.theverge.com/tech/1005014/marvels-launching-a-new-comics-app-developed-with-webtoon-on-november-16th?ref=bullished.co) — The Verge