Presidential briefing on Line case

Presidential briefing on Line case

Presidential policy chief Sung Tae-yoon gives a briefing at the presidential office in Seoul on May 14, 2024, reasserting that the government will take strong measures to safeguard South Korean businesses from any unjust or detrimental actions abroad. The announcement came amid a dispute sparked by a directive from the Japanese government to compel the divestment of Naver's stake in the operator of Line, Japan's largest messaging app. Naver, South Korea's top online portal operator, has faced pressure from the Japanese government to "reconsider its capital ties" to 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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