After merging Line with Yahoo Japan in 2019, Naver and SoftBank now hold 50% each in the joint venture which controls LY Corp, through a 65% stake, SoftBank documents show. LY Corp said on its ...

Line Yahoo (LY) CEO Takeshi Idezawa said on Tuesday that the company is aiming to complete the separation of employee systems and authentication managed by its subcontractor Naver Cloud by March 2025.

operator of the Line messaging app, announced a share buyback on Friday that will lower the voting rights of heavyweight joint stakeholders SoftBank Corp and South Korea's Naver. The capital ...

The conservative-leaning Japanese monthly Bungei Shunju published a column in its May issue that asserted that members of parliament, public bureaucrats and soldiers in the Japan Self-Defense ...

The Japanese side instructed LY to improve its governance and rely less on Naver after the leak of more than 300,000 records, including information of Line users. Some Korean politicians have ...

Naver, which operates the popular messenger app Line through LY Corp., is facing growing pressure to halt the divestment of its shares to SoftBank, despite mounting calls from the Japanese ...

“There are no direct capital or personnel relationships between Naver and Line Plus,” LY responded to a query from local media outlet Yonhap. “Line Plus will continue to oversee overseas operations in ...

While the Japanese government is pressuring Naver to shed ownership in Line, the dominating messaging app in Japan, the Korean internet giant said it will make a decision based on the benefit of ...

NET PROFIT FORECAST: The South Korean internet-platform company is expected to post a net profit of 422.62 billion won, equivalent to $302.2 million, for the January-March period, according to the ...