Naver-LY Corp. issue

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.