# EDGAR Filing Document

**Accession Number:** 0001997859
**File Stem:** 0001997859-25-000083
**Filing Date:** 2025-6
**Character Count:** 10047
**Document Hash:** 5d3dbb7dd525be6545a24dcf594748a8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001997859-25-000083.hdr.sgml**: 20250618

**ACCESSION NUMBER**: 0001997859-25-000083

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250616

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250618

**DATE AS OF CHANGE**: 20250618

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WEBTOON Entertainment Inc.
- **CENTRAL INDEX KEY:** 0001997859
- **STANDARD INDUSTRIAL CLASSIFICATION:** MISCELLANEOUS PUBLISHING [2741]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42144
- **FILM NUMBER:** 251057151

**BUSINESS ADDRESS:**
- **STREET 1:** 5700 WILSHIRE BLVD, SUITE 220
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90036
- **BUSINESS PHONE:** 213-347-4841

**MAIL ADDRESS:**
- **STREET 1:** 5700 WILSHIRE BLVD, SUITE 220
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90036

?xml version='1.0' encoding='ASCII'? wbtn-20250616

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): June 16, 2025**<br>

**WEBTOON Entertainment Inc.**

**(Exact name of Registrant as Specified in Its Charter)**

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| | | |
|:---|:---|:---|
| **Delaware** | **001-42144** | **81-3830533** |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission File Number)** | **(IRS Employer<br>Identification No.)** |
| **5700 Wilshire Blvd.**<br>**Suite 220** | | |
| **Los Angeles, California** | | **90036** |
| **(Address of Principal Executive Offices)** | | **(Zip Code)** |

---

**Registrant's Telephone Number, Including Area Code: (323) 424-3795**<br>

**(Former Name or Former Address, if Changed Since Last Report)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange on which registered** |
| Common stock, par value $0.0001 per share | WBTN | Nasdaq Global Select Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

On June 16, 2025, the Board of Directors (the "Board") of WEBTOON Entertainment Inc. (the "Company") increased the size of the Board from seven (7) to eight (8) directors and unanimously appointed Saeju Jeong to fill the newly created vacancy on the Board, effective June 16, 2025. Upon his appointment, Mr. Jeong became a member of the slate of Class III directors with a term expiring at the 2027 annual meeting of stockholders of the Company. In addition to his appointment as an independent director, Mr. Jeong will serve as a member of the Audit Committee.

Mr. Jeong is the co-founder, Executive Chairman, and former Chief Executive Officer of Noom, a digital health company founded in 2008 with a mission to help people everywhere live better lives through behavior change. After leading Noom as Chief Executive Officer for 17 years, in July 2023, Mr. Jeong transitioned to the role of Executive Chairman, continuing to shape Noom's vision and strategy.

The Board has determined that Mr. Jeong qualifies as an independent director within the meaning of Nasdaq Rule 5606 and the Securities Exchange Act of 1934, as amended (the "Exchange Act") and qualifies as an "audit committee financial expert" as that term is defined in Item 407(d)(5) of Regulation S-K under the Exchange Act.

Mr. Jeong will participate in the Company's standard director compensation program as described in the Company's Definitive Proxy Statement.

There are no arrangements or understandings between Mr. Jeong and any other persons pursuant to which he was elected as a director of the Company, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

**Item 7.01 Regulation FD Disclosure.**

On June 18, 2025, the Company issued a press release announcing the appointment of Mr. Jeong to its Board. A copy of the press release is furnished hereto as Exhibit 99.1 and incorporated herein by reference.

The information furnished pursuant to Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits

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| | |
|:---|:---|
| **Exhibit**<br>**Number** | **Description** |
| 99.1 | <u>[Press release dated June 18, 2025](wbtn-20250618xexx991.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the inline XBRL document) |

---

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
| | | | **WEBTOON Entertainment Inc.** |
| Date: | June 18, 2025 | By: | /s/ David J. Lee |
|  |  | Name: | David J. Lee |
|  |  | Title: | Chief Financial Officer and Chief Operating Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![image_0.jpg](image_0.jpg)

**WEBTOON Entertainment Appoints Saeju Jeong to its Board of Directors**

**LOS ANGELES (June 18th, 2025) -** WEBTOON Entertainment (Nasdaq: WBTN), a leading global entertainment company and home to some of the world's largest storytelling platforms, today announced the appointment of Saeju Jeong, Co-Founder and Executive Chairman of Noom, to its Board of Directors effective June 16th, 2025.

Mr. Jeong brings nearly two decades of leadership experience scaling mission-driven consumer technology businesses. As co-founder and former CEO of Noom, the leading digital health company, Jeong grew the company to unicorn status, raising over $650 million in capital, and helped millions of users worldwide improve their health through behavior change.

"We're thrilled to welcome Saeju to the WEBTOON Entertainment Board," said Junkoo Kim, Chief Executive Officer & Chairman of the Board. "He is a visionary entrepreneur and leader who innovates for positive change. His experience building an incredible consumer brand will be extremely valuable as we grow WEBTOON around the world."

"WEBTOON Entertainment is transforming the global entertainment industry and empowering a new generation of Creators all over the world to share their voice," said Saeju Jeong, Co-Founder and Executive Chairman of Noom. "I'm thrilled to join the WEBTOON Entertainment Board and be part of the company's mission to inspire the world with incredible storytelling and entertainment."

Jeong currently serves as Executive Chairman of Noom and is an active voice in the entrepreneurial community. He also serves on the board of the Foundation for the National Institutes of Heath, is a Henry Crown Fellow at the Aspen Institute, and co-chairs United Korean Founders, the largest Korean founder network in the U.S.

**<u>About WEBTOON Entertainment</u>**

WEBTOON Entertainment is a leading global entertainment company and home to some of the world's largest storytelling platforms. As the global leader and pioneer of the mobile webcomic format, WEBTOON Entertainment has transformed comics and visual storytelling for fans and creators.<br>

With its CANVAS UGC platform empowering anyone to become a creator, and a growing roster of superstar WEBTOON Originals creators and series, WEBTOON Entertainment's passionate fandoms are the new face of pop culture. WEBTOON Entertainment adaptations are available on Netflix, Prime Video, Crunchyroll, and other screens around the world, and the company's content partners include Discord, HYBE, and DC Comics, among many others.

With approximately 150 million monthly active users, WEBTOON Entertainment's IP & Creator Ecosystem of aligned brands and platforms include WEBTOON, Wattpad--the world's leading webnovel platform--Wattpad WEBTOON Studios, Studio N, Studio LICO, WEBTOON Unscrolled, LINE MANGA, and eBookJapan, among others.

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