Naver union opposes possible sale of its Line stake in Japan

Pictured is the headquarters of Naver Corp. On May 13, 2024, the union of the South Korean top online portal operator voiced opposition against a possible sale of its stake in the operator of Line, Japan's largest messaging app. Naver has faced pressure from the Japanese government to "reconsider its capital ties" in LY Corp., the operator of Line, which is controlled by a joint venture between Naver of South Korea and SoftBank of Japan, following a significant data breach of user information. (Yonhap)

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