Kakao to close Tapas Entertainment Korean office next month as part of a restructuring

Kakao Entertainment, owned by South Korean tech giant Kakao, will shut down the Korean branch of Tapas Entertainment, the U.S.-headquartered storytelling platform, next month. 
Kakao Entertainment told TechCrunch that it plans to close the Korean office as part of a restructuring effort to zero in on the company’s North American and other global units. The closure will also include layoffs impacting the Korean-based team.
“Tapas Entertainment is streamlining operations to respond flexibly [and quickly] in the North American market in response to the global economic downturn,”

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