Webtoon interests me less as a publishing format than as intellectual property infrastructure.
Vertical scrolling, full color, mobile reading, and episodic publishing explain part of its success, but by themselves they do not explain why the model has become so relevant to the creative industries.
What truly matters is what happens after a story is published.
Webtoon makes it possible to test characters, universes, and narratives directly in front of an audience, observe which stories gain traction, and from there decide which ones can expand into other formats: television series, animation, film, video games, merchandising, or new adaptations.
This profoundly alters the traditional logic of IP development. Instead of committing large amounts of capital upfront only to find out later whether an audience exists, a property can begin as a relatively lightweight digital work, build a community, and progressively grow into something larger.
That is why I see Webtoon as something closer to an infrastructure for IP discovery and maturation than a simple comic category.
And that is probably one of its most important contributions to the future of the creative industries: demonstrating that stories can be built as systems that evolve across formats, platforms, and business models.