AppWizard
May 10, 2024
- Shin Jung-ho, the Korean executive at LY, the company behind Line app, is resigning from his position on the board.
- Naver and SoftBank are in discussions about a possible revision of their ownership stakes in LY.
- SoftBank is contemplating various options to enhance its stake in LY.
- LY is enhancing its security measures in response to a cyberattack on Naver Cloud.
- The Japanese government's push to reduce Naver's involvement in LY has been met with criticism in Korea.