SEOUL, May 17 (Korea Bizwire) — A senior foreign ministry official called for Japan on Friday to help ensure that Naver Corp. can make its own decision about whether to sell down its stake in the operator of the Line messaging app without “external pressure.” Second Vice Foreign Minister Kang In-sun made the call during [...]
SEOUL, May 14 (Korea Bizwire) – As Naver weighs selling its stake in LINE Yahoo to SoftBank, employees at LINE’s Korean subsidiaries are grappling with uncertainty about their future. Just six months after the merger of LINE and Yahoo Japan, Naver’s consideration of divesting its LINE Yahoo shares has sparked concerns about job security among workers. [...]
SEOUL, May 13 (Korea Bizwire) – The attention of South Koreans has intensified around the “Line crisis” triggered by demands from the Japanese government, including a review of Naver’s stake in the messaging app Line. This has led to a 15-fold surge in online searches for “Line” over the past four days. According to Naver Data [...]
SEOUL, May 13 (Korea Bizwire) — The labor union of Naver Corp. on Monday voiced opposition to a possible sale of stake in the operator of the popular Line messenger app, saying protecting employees and technology concerning the app should be top priority for Naver. Naver has been under pressure from the Japanese government to [...]
SEOUL, May 3 (Korea Bizwire) — Tech giant Naver Corp. said Friday it has yet to determine its position regarding Tokyo’s apparent pressure on LY Corp., the operator of popular mobile messenger app Line in Japan, to review its relationship with the Korean company. “Rather than determining whether to follow the guidance or not, we [...]
TOKYO, Mar. 28 (Korea Bizwire) — Juniper Networks (NYSE:JNPR), an industry leader in automated, scalable and secure networks, today announced that LINE Corporation, operator of one of the world’s largest instant messaging1 apps LINE, has extended its long-term relationship with Juniper as its networking vendor of choice to support LINE’s explosive growth in traffic demands, [...]
SEOUL, Oct. 26 (Korea Bizwire) – Online search giant Naver’s content business portfolio is thriving thanks to its increasingly popular ‘webtoons’, comics distributed through a digital platform. In a conference call on October 26, CFO Park Sang-in disclosed that Naver had 40 million monthly active users worldwide, of which 18 million originate in South Korea. [...]
SEOUL, Sept. 9 (Korea Bizwire) — Naver affiliate Line is making a foray into the German market with a real-time video platform. As Naver is investing heavily in Europe, synergy effects created by both initiatives are expected. According to Naver on September 8, Line recently launched the Line Live application, a real-time video platform, in [...]
SEOUL, Jul. 12 (Korea Bizwire) — Messaging giant Kakao and search engines Google and Naver are the three largest mobile app makers in South Korea, a new industry report has revealed. Among Android smartphone users in the country, Kakao was branded the most popular mobile app maker both in the number of users and the average [...]
SEOUL, Jun. 1 (Korea Bizwire) — China-based tech manufacturer ZTE Corp. is gradually expanding its presence in the South Korean market by joining forces with local companies, industry watchers said Wednesday. There are currently three ZTE-manufactured devices being sold in South Korea, including the LINE Friends smartphone released through KT Corp., the country’s No. 2 [...]