Ministry of Science and ICT to Announce Position on 'Line Satae' This Afternoon... Emergency Briefing
The Ministry of Science and ICT will hold an emergency briefing regarding the 'Line incident.'
Kang Do-hyun, the 2nd Vice Minister of the Ministry of Science and ICT, will conduct the 'Naver Line-related issue briefing' at 3 p.m. on the 10th at the Government Seoul Office.
This comes amid growing possibilities that Naver's 13-year-old global messenger 'Line' may become a Japanese company, triggered by administrative guidance from the Japanese government.
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Line Yahoo, the operator of Line, officially requested Naver on the 8th to step down from its position as a joint major shareholder of the parent company. The day before, SoftBank, which holds 50% of A Holdings, the parent company of Line Yahoo, announced that it is negotiating with Naver regarding the shareholding issue.
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