---
schema_version: "secwatch.filing_event.v1"
accession: "0001997859-26-000092"
form_type: "8-K"
ticker: "WBTN"
cik: "0001997859"
company_name: "WEBTOON Entertainment Inc."
filed_at: "2026-10-05T20:15:42+00:00"
generated_at: "2026-10-12T14:51:09.220580+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.58
calibrated_materiality_score: 0.58
confidence: "high"
source: SEC EDGAR
---

# WEBTOON CEO Junkoo Kim to relocate to U.S.; board approves severance, relocation payments and amended employment terms

## Summary
- CEO Junkoo Kim's NAVER WEBTOON employment terminates; he gets KRW 249,648,080 (~$184,175) severance in October 2026 and a $567,009 relocation benefit payable January 2027.
- Amended employment agreement raises non-change-in-control severance to a 12-month base salary lump sum, plus target bonus and 12 months COBRA; change-in-control severance is 24 months base salary.
- Change-in-control severance also includes 2x target bonus, 24 months COBRA and full PSU vesting at greater of target or actual performance; agreement adds D&O indemnification.
- WEBTOON will preview the Marvel Comics app at New York Comic Con Oct. 8-11 at Booth #2435; app launches Nov. 16 with 35,000+ digital comics from Marvel, Star Wars and 20th Century Studios.
- Marvel Comics app tiers: Base $9.99/month or $69.99/year; Ultimate $12.49/month or $99.99/year; founding annual $59.99; first 2,000 NYCC claimants get limited-edition print ID card.

## SEC filing metadata
- accession: 0001997859-26-000092
- form_type: 8-K
- ticker: WBTN
- cik: 0001997859
- company_name: WEBTOON Entertainment Inc.
- filed_at: 2026-10-05T20:15:42+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.58
- calibrated_materiality_score: 0.58
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1997859/000199785926000092/0001997859-26-000092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1997859/000199785926000092/wbtn-20260930.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001997859-26-000092
- JSON: https://secwatch.observer/filing/0001997859-26-000092.json
- Plain text: https://secwatch.observer/filing/0001997859-26-000092.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.