Naver posts record-high operating profit of $347 million in April-June period

Naver announced an earnings surprise with double-digit growth, posting a record-high operating profit of 472.7 billion won ($347 million) during the April-June period, propelled by strong performances from core businesses.

2024-08-09

Naver won't shed Line Yahoo equity in short term

Naver CEO Choi Soo-yeon told a parliamentary committee that the Korean internet giant has no plans to divest its take in Line Yahoo in the near future.

2024-07-02

No agreement yet with Naver on Line Yahoo stake reduction, SoftBank CEO says

SoftBank CEO Junichi Miyakawa said on Thursday that the company has not yet reached a consensus with Naver regarding the reduction of the Korean company’s equity in Line Yahoo (LY), the Tokyo-based operator behind Japan’s top messaging app Line.

2024-06-20

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.

2024-05-13

Line Yahoo CEO confirms push to reduce Naver's control

The operator behind Japan's most popular messaging app, Line, has said that Line Yahoo is requesting that Naver scale back its capital ties.

2024-05-08

Gov't 'in close discussion' with Naver regarding stake in Japan's Line messenger app

Korea’s presidential office is “in close discussion” with Naver regarding the Japanese government’s recent directive urging the IT company to reduce its stake in Line.

2024-05-01

Naver pulls back from messaging app Line following data breach

Naver will reduce its cybersecurity ties with Line following the messaging app's massive data breach in October.

2024-04-02

Naver facing pressure to step back from Line by Tokyo

After a massive leak of user data from the messaging service, Naver is facing calls to cede control of the operating company, Line Yahoo.

2024-03-11

korea joongAng daily