
Naver and Naver Webtoon announced they would participate as official sponsors in UKF's three-day KOOM Festival starting Wednesday in New York.
UKF, a non-profit organization, brings together Korean entrepreneurs and investors from Silicon Valley, New York and other tech hubs to the festival. Sharing Korean music, culture, and speeches from prominent industry leaders, the KOOM Festival will also feature food and beverages from 16 F&B brands as well.
On the opening day, Naver Webtoon chief executive Kim Jun-koo will deliver a keynote on the global rise of new storytelling formats, sharing the company's platform strategy and webtoon success story.
The festival's final day will spotlight Naver's virtual and XR technologies, with executives from its Realtime Engine Studio and Prism Studio unveiling production capabilities and the growth secrets behind Prism, the world's top live-streaming application.
Sessions will feature startups backed by Naver's venture arm D2SF, including virtual intellectual property firm Scone and artificial intelligence motion capture company Movin, as the company seeks to expand its virtual ecosystem globally.
"Through D2SF, Naver supports startup growth and global expansion, and this UKF sponsorship will further strengthen our connection with North America's startup ecosystem," Naver chief executive Choi Soo-yeon said.
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