Tag: LY

LY

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Line Plus headquarters in Pangyo, Gyeonggi. [YONHAP]

SoftBank, Naver 'recognize the difficulties' of cutting off Line Yahoo

The two shareholders of Line Yahoo (LY) — Softbank and Naver — see reducing their stakes in the Tokyo-based operator in the short term as a difficult task.

2024.7.1

Line Yahoo's office building in Tokyo [YONHAP]

Line Yahoo to expedite Naver separation for completion within next year

The Tokyo-based operator behind Line will accelerate plans to sever ties with Naver in a move to comply with calls from Tokyo.

2024.6.18

Line Yahoo to close payment service developed by Naver

Line Yahoo is complying with Tokyo's urging to reduce capital ties with Naver with the closure of Line Pay.

2024.6.17

Line Plus headquarters in Pangyo, Gyeonggi [NEWS1]

Naver at risk of losing Thailand, Taiwan messenger businesses

Naver, a leading internet company in Korea, may no longer be able to run its overseas business through the globally popular messaging app Line due to Tokyo’s pressure on Naver to divest its stake in Line Yahoo (LY), the operator of Line.

2024.5.22

An employee of Line Plus, Line Yahoo’s Korean subsidiary, enters the company’s headquarters in Pangyo, Gyeonggi, on Tuesday. [YONHAP]

Line Yahoo executives quell fears of disadvantages for Korean employees

Line Yahoo executives joined an internal online briefing and assured Korean employees that they will not face discriminatory disadvantages.

2024.5.15

Workers pass by the Line Yahoo's headquarters in Tokyo, Japan, on Thursday. [YONHAP]

All on the line: Naver has decision to make with $7.3B stake in Line Yahoo

Pressure from Tokyo on Naver to sell its stake in the Line messaging app may produce a windfall of 10 trillion won, but diplomatic ties are at play.

2024.5.13

A person passes by in front of Line Friends flagship store in Gangnam District, southern Seoul, on Monday, amid growing concerns over the Japanese government pressuring Naver to sell its stakes in Line Yahoo. [NEWS1]

Presidential office vows to back Korean firms amid Naver-Line Yahoo saga

The presidential office is taking a firmer stance in support of Korean companies after facing criticism for laying down in front of Tokyo over the Naver-Line Yahoo sell-off directive.

2024.5.13