Riding the new wave of popularity in webtoons, Korea's online-based cultural contents market is poised for massive growth over the next three years.
The KT Economic Research Institute says the market size of the industry will double to 8-hundred million dollars by 2018.
The institute took added value into account when making the forecast, such as character licensing, messenger emoticons and the export of contents.
In order for the industry to grow to one billion dollars in size, the report suggests establishing a global distribution channel, either by launching a new platform or through existing smartphone app stores.
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