Ridi Corporation

Ridi Corporation
Type	Corporation, Venture Startup
ISIN	🆔
Industry	Media & Content
Founded 📆	2008 March 31
Founder 👔	Kisik Bae
Headquarters 🏙️	Teheran-ro 325 Urbanbench building 10F, Gangnam-gu, Seoul, South Korea
Area served 🗺️
Services	Ridibooks, Manta, Laftel etc.
Members
Number of employees
🌐 Website	www.ridicorp.com
📇 Address
📞 telephone
	;

Ridi Corporation is a Content Platform company established in March 2008.

Ridi's first service 'Ridibooks' launched in 2009, which began as an e-book platform. Currently Ridibooks holds the leading position in Korea's e-book market, and has expanded its service into webcomic, webfiction, and animation etc.

Aside from Ridibooks, Ridi also holds many other services. In 2019, animation streaming service called 'Laftel' was merged.^[1]. In 2020, global webcomic subscription service called 'Manta' launched in North America^[2].

Ridi's financial performance has shown continuous growth since 2010 4Q to 2021 3Q for 44 consecutive quarters^[3].

Product & Service

Ridibooks: Korean digital content platform that serves webcomic, webfiction, comic, e-book etc.
Manta: Global webcomic subscription service
Laftel Archived 2022-11-01 at the Wayback Machine: Animation streaming platform
Ridi Select: Korean monthly e-book subscription service
Ridi Paper: e-book reader
Dog-ear(책 끝을 접다): Content curation channel

History

Ridibooks launched in November 2009 as an e-book platform. At the time, the market was in its early stage, where traditional publishers were reluctant to the e-book format. Ridibooks pioneered in building the Korean e-book market, and has been remaining at the top ever since its launch to this date.

Since 2018, Ridi has been expanding its content spectrum, serving webfiction, webcomics, and animation in different products. Currently, Ridi produces its own webcomics based on existing stories in the form of webfiction, also known as 'novelcomics'. Also, they focus on searching for IPs through open webcomic competitions.

In November 2020, Ridi launched a subscription-based webcomic service named 'Manta', targeting the North American market. Manta stands as the first and sole subscription-model service in the market, amongst many other global webcomic competitors. Manta serves Ridi's exclusive content, and has been showing exponential growth within its first year, with mobile app downloads exceeding 3 million^[4]

Timeline

2009.11 Launched Ridibooks
2015.10 Launched e-book reader 'Ridi Paper' 1st generation
2015.12 Launched e-book reader 'Ridi Paper' 2nd generation
2018.06 Acquired book marketing service 'Dinoment' (Dog-ear channel)
2018.06 Exported 'Ridi Paper' (Taiwan)
2018.07 Launched premium content subscription service, 'Ridi Select'
2018.12 Acquired IT news service 'Outstanding'
2019.07 Selected as 'Pre Unicorn stage startup' by Ministry of SMEs and Startups's Korea Technology Finance Corporation
2019.08 Merged with animation streaming service 'Laftel'
2019.12 Launched e-book reader 'Ridi Paper' 3rd generation
2020.01 Established IP content Hub 'OrangeD'
2020.11 Launched global webcomic subscription service 'Manta'
2020.12 Awarded '2020 Venture Startup promotion contribution' by Ministry of SMEs and Startup
2021.01 Selected as Ministry of SMEs and Startup's 'Venture 100billion club'
2021.04 Awarded for 'well-managed COVID19 private company' from the Prime Minister

Corporate Culture

Ridi has been promoting 'Sound Ridi', a financial aid for employee's health, for 10 years. The program allows employees to register for sports activities with annual budget support amounting to 2.4 million won per person. Ridi is also known to promote health and well-being in its work environment. This is well displayed in how fruits, nuts, supplements, and lunch are provided every day to all employees.

In the second half of 2021, Ridi announced an increase in salary of 30% for all of its full-time employees.

This article "Ridi Corporation" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Ridi Corporation. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.

[1] ttps://www.koreatimes.co.kr/www/art/2021/11/688_302923.html

[2] ttps://www.businesswire.com/news/home/20201116005464/en/RIDI-Launches-Manta-a-New-Subscription-Based-Webcomics-Service-Optimized-for-Binge-Reading

[3] ttps://www.koreatechdesk.com/ridi-announces-sales-growth-success-of-webtoon-manta-in-the-us/

[4] ttps://www.globenewswire.com/en/news-release/2021/11/23/2340148/0/en/Manta-Brings-Korean-Webcomics-Stateside-in-a-Big-Way.html

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