David J. Lee was named President of WEBTOON Entertainment Inc., effective April 1, 2026. As of November 6, 2026, WEBTOON Entertainment Inc. has reported 3 leadership change filings to the SEC under Item 5.02 of Form 8-K, from March 30, 2026 to October 5, 2026, naming 1 appointment and 2 departures (Form 8-K, April 13, 2026).
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Key facts
- · In / out: Reported · Person: not named in the filing · 8-K, 2026-10-05
- · In / out: Out · Person: Chankyu Park · Role: Chief Technology Officer · Effective: 2026-04-10 · 8-K, 2026-04-13
- · In / out: Reported · Person: not named in the filing · 8-K/A, 2026-03-30
WEBTOON Entertainment Inc. reported changes in 3 filings among its directors and officers to the SEC on Form 8-K, Item 5.02, from 2026-03-30 to 2026-10-05. They name 2 people, with 1 appointment and 2 departures. Every row below is cited to the filing it comes from, and this page adds each new change as WEBTOON Entertainment Inc. files it.
Also on the record for WEBTOON Entertainment Inc.
| Date | Record | Figure | Our page | Source |
|---|---|---|---|---|
| November 5, 2026 | Stake report, Schedule 13G/A, by FMR LLC | 10.2% of the class | 5%+ stakes | Source |
| May 6, 2026 | Stake report, Schedule 13G/A, by FMR LLC | 11.3% of the class | 5%+ stakes | Source |
| December 5, 2025 | Stake report, Schedule 13G/A, by FMR LLC | 10.1% of the class | 5%+ stakes | Source |
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Companies that share a holder
- FMR LLC also filed stake reports on 761 other companies: ASPEN NEUROSCIENCE INC (Nov 2026), AVALO THERAPEUTICS INC (Nov 2026), BRAZE INC (Nov 2026)
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Timeline
| Filed | In / out | Person | Role | Effective | Source |
|---|---|---|---|---|---|
| 2026-10-05 | Reported | not named in the filing | 8-K, 2026-10-05 | ||
| 2026-04-13 | Out | Chief Technology Officer | 2026-04-10 | 8-K, 2026-04-13 | |
| 2026-04-13 | Out | Chief Operating Officer | 2026-04-10 | 8-K, 2026-04-13 | |
| 2026-04-13 | In | President | 2026-04-01 | 8-K, 2026-04-13 | |
| 2026-03-30 | Reported | not named in the filing | 8-K/A, 2026-03-30 |
Who leads WEBTOON Entertainment Inc., as last reported?
For each role that changed in the filings below, the most recent change reported. A role that did not change in these filings is not listed.
- Chief Operating Officer: David J. Lee, departure reported, effective 2026-04-10 (filed 2026-04-13). No successor is named in these filings.
- Chief Technology Officer: Chankyu Park, departure reported, effective 2026-04-10 (filed 2026-04-13). No successor is named in these filings.
- President: David J. Lee, appointed, effective 2026-04-01 (filed 2026-04-13).
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Reported
In connection with the Relocation, Mr. Kim's employment with NAVER WEBTOON Ltd. ("NAVER WEBTOON"), our wholly-owned subsidiary in Korea, will be terminated.
- CEO Relocation Arrangements On September 30, 2026, the Board of Directors (the "Board") of WEBTOON Entertainment Inc. (the "Company") approved relocation-related arrangements for Junkoo Kim, the Company's Chief Executive Officer (the "CEO") and Chairman of the Board, in connection with Mr. Kim's relocation of his primary residence from Korea to the United States for business operational purposes (the "Relocation").
- Mr. Kim will continue to serve in his role as the Company's CEO and Chairman of the Board and the Relocation will not result in any change to Mr. Kim's roles or responsibilities.
- Upon termination of his employment with NAVER WEBTOON, Mr. Kim will become entitled to a cash payment of KRW 249,648,080 (equivalent to approximately $184,175), less applicable withholdings, to be made in October 2026, under the NAVER WEBTOON Severance Pay Policy for Executives (and, for the avoidance of doubt, following the Relocation, Mr. Kim will no longer participate in the NAVER WEBTOON Severance Pay Policy for Executives).
- To facilitate a seamless transition with minimal disruption during the Relocation, Mr. Kim will also receive a one-time relocation cash benefit of $567,009, less applicable withholdings, to be paid in January 2027, subject to Mr. Kim's continued employment with the Company through the payment date.
Departing: Chankyu Park, Chief Technology Officer, effective 2026-04-10
In connection with the leadership transitions, effective April 10, 2026, Chankyu Park resigned from his position as Chief Technology Officer of the Company.
Departing: David J. Lee, Chief Operating Officer, effective 2026-04-10
Effective April 10, 2026, Mr. Lee ceased serving as the Company's Chief Operating Officer.
Appointed: David J. Lee, President, effective 2026-04-01
In addition, effective April 1, 2026, Mr. Lee has been appointed as the President of Wattpad Corp., a wholly-owned subsidiary of the Company in Canada.
- On April 13, 2026, WEBTOON Entertainment Inc. (the "Company") announced a number of executive leadership changes.
- Mr. Park will no longer serve as an executive officer of the Company within the meaning of the rules promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
- Mr. Park's resignation is not the result of any disagreement with the Company or its Board of Directors on any matters relating to the Company's operations, policies or practices.
- Mr. Park will remain with the Company through the end of May 2026 to facilitate the transition of duties and thereafter transition into an advisor role.
- The Company also announced a title change for David J. Lee to better reflect his roles and responsibilities with the Company.
- Mr. Lee's title was changed from Chief Financial Officer and Chief Operating Officer to Chief Financial Officer.
- Mr. Lee will continue to serve as the Company's Chief Financial Officer and a member of the Board of Directors.
- Mr. Lee's title change is commensurate with his role with the Company.
- There were no material changes to the terms of Mr. Lee's compensation in connection with the title change.
Reported
On March 5, 2026, WEBTOON Entertainment Inc. (the "Company") filed a Current Report on Form 8-K (the "Initial Report") with the Securities and Exchange Commission to report, among other things, the appointment of Yongsoo Kim as the President of the Company.
- Except as expressly set forth herein, this Amendment does not amend the Initial Report in any way and does not modify or update any other disclosures contained in the Initial Report.
- This Amendment supplements the Initial Report and should be read in conjunction with the Initial Report.
- In connection with his appointment as the President of the Company, on March 26, 2026, the Board of Directors (the "Board") approved the following compensation arrangements for Mr. Kim: (i) his annual base salary will be KRW 711,110,000 (equivalent to approximately $500,000), (ii) his short-term incentive opportunity will be $500,000, and (iii) his long-term equity incentive opportunity will be $750,000 of restricted stock units and $750,000 of performance stock units.
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Where this comes from
A public company must file a current report on Form 8-K with the SEC within four business days when a director leaves or is elected, or when its chief executive, chief financial, chief accounting or chief operating officer, or another named executive, departs or is appointed. That disclosure goes under Item 5.02 of the report.
Every change on this page is taken from one of those filings and quoted in the company's own words, with a link to the filing, so it can be checked at the source. Where a filing names the person, the role and the date a change takes effect, they are shown beside the quote. Where it does not, the quote stands on its own. A filing states what changed; it rarely states why, and neither does this page.