Line messenger

AppWizard
July 11, 2024
- Line, a popular technology platform in Japan, is currently in a struggle for ownership between SoftBank of Japan and Naver of South Korea. - The Japanese government is pressuring Line to "review" its relationship with Naver, leading to tensions between Japan and South Korea. - The situation is similar to the TikTok drama in the US, where foreign ownership of popular apps raises concerns about national security.
AppWizard
May 12, 2024
Seoul is facing criticism for its perceived passivity in response to Tokyo pressuring Naver to divest its stake in LY Corp, the company behind the Line messaging app. Korean politicians are urging the government to take a more proactive approach to protect Korean companies in foreign markets and prevent potential diplomatic repercussions with Japan. The Japanese government's actions are seen as coercive, prompting calls for robust protests and a shift towards a more proactive stance from the Korean government. Foreign and ICT ministries are signaling a commitment to closely communicate with Naver and respect its managerial decisions.
AppWizard
May 12, 2024
- Japan's SoftBank has been pressuring South Korea's Naver regarding their capital ties with Line messenger - South Korea's Second Vice Science Minister expressed regret over the perceived undue pressure from Japan - Naver is considering various outcomes for their investment in LY Corp., including the possibility of parting with their shares - LY Corp. announced security fortification initiatives following a data breach linked to a cyberattack on Naver Cloud Corp. - LY's president announced the termination of service and business outsourcing to Naver, as well as a pivotal South Korean figure stepping down from the board - The Japanese government's actions have been criticized in South Korea, seen as attempting to limit foreign influence over Line messenger, a widely used app in Japan and other Asian countries.
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