LY

BetaBeacon
December 24, 2024
To participate in the FAU-G: Domination beta test, register by clicking on the provided link, entering necessary details in the form, and providing device information. Those who register will receive beta access link via email and unique in-game cosmetic items.
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.
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.
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