Four years after buying it for $440 Million, Kakao to shutter Radish Fiction
Jul 08 2025
Just four years after Korea’s Kakao Entertainment acquired mobile-first serialized fiction platform Radish Fiction for $440 million, the company announced it will shutter the platform at the end of the year. Radish informed users of the closure in a July 3 email. “After nearly a decade, we have made the difficult decision to wind down the Radish app,” the company said in the announcement. “The end-of-service date is December 31, 2025. After that date, all remaining coins, coupons, gift passes or unlocked chapters will become inaccessible.”
Source: Publishers Weekly