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Naver Webtoon and Munpia, a web novel platform, are on the hunt for the next big web novels, or novels published online, with 1 billion won in prizes.
The two companies announced on Thursday that their web novel competition will open on May 11 with two rounds: the first round for fantasy, action, modern, sports and alternative history via Munpia and the second round for works by romance and fantasy romance via Naver Webtoon.
Organizers said the prize money is the largest in South Korea for a web novel competition and they aim to cement their leadership position in the genre which has seen rapid growth in recent years.
This is the first joint effort from the two companies, after Naver Webtoon became Munpia’s largest shareholder in February. Naver Webtoon owns a 56.26% stake in Munpia as of April 4.
Munpia is one of Korea’s largest web fiction platforms, with some 63,000 registered writers. Naver Series is a paid service that provides webtoons and web novels services.
“The web novel market is currently booming as it continues to grow at the same time,” said Munpia CEO Kim Hwan-cheol. value of new intellectual property on the web thanks to this cooperation with Naver Webtoon.
“This competition aims to discover talented writers across all genres, including the fantasy and action genres that Munpia is known for and to reinforce Naver’s web novel status and strength in romance genres,” Park said. Jae-yun, director of Naver Webtoon. web novel company.
“We will strengthen the cooperation between the two companies throughout the process, from the writer’s debut to the generation of profits, to become the hosts of storytelling masterpieces that readers and writers can be satisfied with” , added Park.
Although there are no restrictions on the nationality of entrants, the contest is only open to novels in Korean. The winning novels will be published on both platforms.
