Creative partnership formed to develop KTOON's popular webtoon contents with Hollywood methodology for expansion to US and Greater China media and entertainment markets
HONG KONG, May 7, 2018 /PRNewswire/ -- Lan Kwai Fong Group (www.lkfgroup.com) and affiliate LKF Culture Films Limited announced the signing of an exciting collaboration agreement with KT (www.kt.com), also known as Korea Telecom, the largest Korean telecommunications company. The signed intellectual property copyright and digital rights agreement allows both parties to cooperate in expanding the media and entertainment markets through developing and producing webtoon and live action content.
Lan Kwai Fong Group, led by Dr. Allan Zeman, has been rooted in Hong Kong for more than 35 years with core business including development of an extensive property portfolio, entertainment operations as well as diversified management in commercial, leisure and media ventures. Leveraging on its strong business connections and vast professional experience in the region, Lan Kwai Fong Group also actively participates in businesses as diverse as food and beverage concepts, media and cultural, entertainment, lifestyle, film production and distribution, digital entertainment content development, production and distribution platform (www.lkf.tv), themed attractions, research and technology development, big data, as well as capital investments.
Through this collaboration, the two groups will cooperate to develop new film or drama from webtoon contents managed and owned by KTOON under KT. With innovative ideas and Hollywood methodology from Lan Kwai Fong Group, the venture plans to target the Greater China and US markets which comprise of the world's largest content markets. KTOON's webtoon platform, launched in 2013 is one of the top five platforms for popular comics in Korea. The most popular works include "ANDROMATE", "PLEASE BE MY MASTER", "DEAD FLOWERS", "IRON GIRL", "COOKING MAN", "EVE", "REVENGE TAXI", etc. With fans distributed throughout the world and hundreds of millions of views, KTOON is a significant platform in the webtoon world. Audience in Greater China and US markets will soon enjoy a variety of new content based on KTOON's webtoon intellectual properties in development, production and distribution led by Lan Kwai Fong Group.
"We are confident that this collaboration will produce exciting content," stated Jonathan Zeman, Lan Kwai Fong Group's Chief Executive Officer, "In recent years, Korea's cultural and media industry has been very popular with people from all over the world. LKF Culture Films Limited has recognized this trend and has started an exciting cooperation with KT. With the Hollywood methodology, our experiences in media and entertainment industry in the Greater China region and the US as well as our creativity and innovative DNA, together with the KTOON's webtoon content, we shall be able to connect the West and the East, and providing excellent user experience in the content market."
Deajin Jeon, KT Contents Platform Business Development Vice President said, "We are very excited about this cooperation with LKF Culture Films Limited and believe that with their strong network and vast experience in the property, media and entertainment industry, we can add value to KTOON's content. Through this successful experience in Greater China and the US markets, the world's largest content markets, we will strive to provide more diverse and interesting KTOON contents that will be loved by people from all around the world in the near future."
About LKF Group
Lan Kwai Fong Group is the largest property owner and operator in Hong Kong's Lan Kwai Fong area, Central, the city's most popular entertainment, food & beverage, and lifestyle district. In recent years, the Lan Kwai Fong Group has expanded its concepts and influence to various cities in China including Chengdu and Shanghai. Lan Kwai Fong Chengdu was opened in 2009 and the Shanghai Dream Center project is a joint venture between Lan Kwai Fong Group, China Media Capital in China and China Development Bank. It is a world-class cultural, entertainment lifestyle complex originally involving DreamWorks Animation. Moreover, Lan Kwai Fong Group also actively participates in businesses as diverse as food and beverage, media and cultural, entertainment, lifestyle, film production and distribution, digital entertainment content development, production and distribution platform (www.lkf.tv), themed attractions, research and technology development, big data, as well as capital investments.
