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Anime News

Manhwa Becoming Major Export
Date: 2/3/2005
Korea's Joongang Daily reports the Korean comic book industry is enjoying a boom in the United States and Europe, with exports, which only totaled $70 million in 2002, hitting $600 million last year. Daiwon CI Inc. has sold 60 million copies of the cartoon series "Ragnarok" in the United States, and the total royalties earned there, and in France, Germany and Italy, amount to 200 million won ($195,000) a year. Jeong Hyeong-cheol of the Korea Culture and Content Agency mentions "Currently, the Japanese and Korean comic markets can be described as being at an ?e80 to 20' ratio. 20' ratio. In five years, however, it will soon become 70 to 30." He predicted that the annual profit from the exports of Korean comics would be between $10 million and $15 million by then.
Source: Anime News Service