Author: Hyunsu Yim

Seoul – South Korea’s tech giant Naver is considering selling its stake in the company that oversees its popular messaging app Line. Naver, currently holding an equal share with SoftBank in the joint venture controlling LY, is exploring various options after a recent security breach led to regulatory intervention by the Japanese government. The company issued an apology for the breach and emphasized its commitment to prioritize the interests of Naver shareholders and enhance the corporate value of Naver and LINE Yahoo. Naver’s strategic decision regarding the potential sale of its stake in LY raises speculation about the future direction…