Company:Ridi Corporation
| Type | Corporation, Venture Startup |
|---|---|
| Industry | Media & Content |
| Founded | 2008 March 31 |
| Founder | Kisik Bae |
| Headquarters | Teheran-ro 325 Urbanbench building 10F, Gangnam-gu, Seoul, South Korea |
| Services | Ridibooks, Manta, Laftel etc. |
| Website | ridicorp |
Ridi Corporation is a Content Platform company established in March 2008.
Ridi's first service 'Ridibooks' launched in 2009, which began as an e-book platform. Currently Ridibooks holds the leading position in Korea's e-book market, and has expanded its service into webcomic, webfiction, and animation etc..[1]
Aside from Ridibooks, Ridi also holds many other services. In 2019, animation streaming service called 'Laftel' was merged.[2] In 2020, global webcomic subscription service called 'Manta' launched in North America.[3]
Ridi's financial performance has shown continuous growth since 2010 4Q to 2021 3Q for 44 consecutive quarters[4]
History
Ridibooks launched in November 2009 as a e-book platform. Korea's e-book market was in its early stage, where traditional publishers were reluctant and unfamiliar to the e-book form. Ridibooks was one of the first players to pioneer the Korean e-book market, and has leading presence up to this date.[5]
Since 2018, Ridi has been expanding its content spectrum, serving webfiction, webcomics, and animation in different products. Currently, Ridi produces its own webcomics based on existing stories in the form of webfiction, also known as 'novelcomics'. Also they focus on searching IPs through open webcomic competitions.
In November 2020, Ridi launched a subscription based webcomic service named 'Manta', targeting the North American market. Manta stands as the first, and sole subscription modeled service in the market, amongst many other global webcomic competitors.[6] Manta serves Ridi's exclusive content, and has been showing solid growth within its first year, with mobile app download exceeding 3million[7]
Timeline
- 2009.11 Launched Ridibooks
- 2015.10 Launched e-book reader 'Ridi Paper' 1st generation
- 2015.12 Launched e-book reader 'Ridi Paper' 2nd generation
- 2018.06 Acquired book marketing service 'Dinoment' (Dog-ear channel)
- 2018.06 Exported 'Ridi Paper' (Taiwan)
- 2018.07 Launched premium content subscription service, 'Ridi Select'
- 2018.12 Acquired IT news service 'Outstanding'
- 2019.07 Selected as 'Pre Unicorn stage startup' by Ministry of SMEs and Startups's Korea Technology Finance Corporation
- 2019.08 Merged with animation streaming service 'Laftel'
- 2019.12. Launched e-book reader 'Ridi Paper' 3rd generation
- 2020.01. Established IP content Hub 'OrangeD'
- 2020.11. Launched global webcomic subscription service 'Manta'
- 2020.12 Awarded '2020 Venture Startup promotion contribution' by Ministry of SMEs and Startup
- 2021.01 Selected as Ministry of SMEs and Startup's 'Venture 100billion club'
- 2021.04. Awarded for 'well managed COVID19 private company' from the Prime Minister
References
- ↑ Edition, The Korea Economic Daily Global. "RIDI" (in en). https://www.kedglobal.com/kunicornsView/kun0006.
- ↑ "E-book companies join original content war" (in en). 26 January 2021. https://www.koreatimes.co.kr/www/art/2022/01/688_302923.html.
- ↑ "RIDI Launches Manta, a New Subscription-Based Webcomics Service Optimized for Binge Reading" (in en). 16 November 2020. https://www.businesswire.com/news/home/20201116005464/en/RIDI-Launches-Manta-a-New-Subscription-Based-Webcomics-Service-Optimized-for-Binge-Reading.
- ↑ Dave, Aditi (19 July 2021). "RIDI announces record sales growth & success of webtoon service Manta in the US" (in en-US). https://www.koreatechdesk.com/ridi-announces-sales-growth-success-of-webtoon-manta-in-the-us/.
- ↑ Edition, The Korea Economic Daily Global. "RIDI" (in en). https://www.kedglobal.com/kunicornsView/kun0006.
- ↑ "Manta is another big Korean name in webtoon scene in North America". 6 December 2021. https://pulsenews.co.kr/view.php?year=2021&no=1117485.
- ↑ Manta (23 November 2021). "Manta Brings Korean Webcomics Stateside in a Big Way" (in en). https://www.globenewswire.com/en/news-release/2021/11/23/2340148/0/en/Manta-Brings-Korean-Webcomics-Stateside-in-a-Big-Way.html.
External links
- Dog-ear(책 끝을 접다): Content curation channel
- Laftel: Animation streaming platform
- Manta: Global webcomic subscription service
- Ridi Paper: e-book reader
- Ridi Select: Korean monthly e-book subscription service
- Ridibooks: Korean digital content platform that serves webcomic, webfiction, comic, e-book etc.
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