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WEBTOON (WBTN) approves $250,350 annual housing allowance for relocating CEO

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

WEBTOON Entertainment Inc. approved a new housing assistance policy for its Chief Executive Officer in connection with relocating the CEO’s primary residence from Korea to the United States for business purposes. Under this policy, the CEO will receive a fixed annual cash housing allowance of $250,350, paid monthly, and must be actively employed at the time of each payment to qualify. The full Housing Assistance Policy is filed as Exhibit 10.1.

Positive

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Negative

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
CEO housing allowance $250,350 per year Annual fixed cash housing allowance under Housing Assistance Policy
Payment frequency Monthly installments Housing allowance paid on a monthly basis
Housing Assistance Policy financial
"approved a housing assistance policy (the “Housing Assistance Policy”) for the Company’s Chief Executive Officer"
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
inline XBRL technical
"104 | Cover Page Interactive Data File (embedded within the inline XBRL document)"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
Understanding 8-K Material Events →
0001997859false00019978592026-03-262026-03-26

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): March 26, 2026
WEBTOON Entertainment Inc.
(Exact name of Registrant as Specified in Its Charter)
Delaware001-4214481-3830533
(State or Other Jurisdiction
of Incorporation)		(Commission File Number)(IRS Employer
Identification No.)
5700 Wilshire Blvd.
Suite 220
Los Angeles, California
90036
(Address of Principal Executive Offices)(Zip Code)
Registrant’s Telephone Number, Including Area Code: (323) 424-3795
(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:
☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐    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:
Title of each classTrading
Symbol(s)		Name of each exchange on which registered
Common stock, par value $0.0001 per shareWBTNNasdaq 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. ☐


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

On March 26, 2026, the Board of Directors (the “Board”) of WEBTOON Entertainment Inc. (the “Company”) approved a housing assistance policy (the “Housing Assistance Policy”) for the Company’s Chief Executive Officer (the “CEO”) in connection with the relocation of the CEO’s primary residence from Korea to the United States for business operational purposes.

Under the Housing Assistance Policy, the CEO will receive a fixed annual cash allowance of $250,350, paid on a monthly basis. The CEO must be actively employed at the time of payment to be eligible for this benefit.

The foregoing description of the Housing Assistance Policy does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Housing Assistance Policy, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number
Description
10.1
Housing Assistance Policy
104
Cover Page Interactive Data File (embedded within the inline XBRL document)


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.
WEBTOON Entertainment Inc.
Date:March 30, 2026By: /s/ David J. Lee
Name:David J. Lee
Title:Chief Financial Officer and Chief Operating Officer

Source: View Original Filing on SEC EDGAR

FAQ

What executive compensation change did WEBTOON (WBTN) disclose in this 8-K?

WEBTOON disclosed a new Housing Assistance Policy for its CEO, providing a fixed annual cash housing allowance of $250,350. The benefit supports the CEO’s relocation from Korea to the United States for business purposes and is paid monthly, contingent on active employment at payment.

How much housing allowance will WEBTOON’s CEO receive under the new policy?

The CEO will receive an annual housing allowance of $250,350 in cash under WEBTOON’s Housing Assistance Policy. This amount is paid monthly over the year, and the CEO must be actively employed at the time each monthly payment is made to remain eligible.

Why did WEBTOON implement a Housing Assistance Policy for its CEO?

WEBTOON implemented the Housing Assistance Policy to support its CEO’s relocation from Korea to the United States for business operational purposes. The policy helps address housing costs associated with the move while formalizing the benefit as part of the CEO’s overall compensation arrangement.

What conditions apply to WEBTOON’s CEO housing allowance benefit?

The CEO must be actively employed at WEBTOON at the time each monthly housing allowance payment is made to receive the benefit. The policy provides a fixed annual cash amount of $250,350, divided into monthly installments during the applicable period of employment.

Where can investors find the full details of WEBTOON’s Housing Assistance Policy?

Full details of the Housing Assistance Policy are contained in Exhibit 10.1 to the current report. The 8-K states that the brief description is qualified in its entirety by this exhibit, which sets out the complete terms governing the CEO’s housing allowance benefit.

Does the WEBTOON 8-K include any financial statements or earnings data?

The 8-K focuses on an executive compensatory arrangement and does not present earnings metrics or financial statements. It lists exhibits, including the Housing Assistance Policy and an inline XBRL cover page data file, rather than quarterly or annual financial performance information.

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

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