Naver push to hurry Line Yahoo
“If there is movement in ownership adjustment, it will be announced immediately”,
Takeshi Idezawa, CEO of Line Yahoo, speaking at a shareholder meeting in Tokyo, Japan on the 18th. Screenshot from Line Yahoo website,
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, ‘Japanese messenger service ‘Line’ operator Line Yahoo announced on the 18th that they will expedite the separation of systems from South Korean company Naver. Line Yahoo also plans to announce soon the termination of their business commission relationship with Naver.’,
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, ‘Takeshi Idezawa, CEO of Line Yahoo, stated at the Line Yahoo shareholders meeting held in Tokyo, Japan on this day, “We were planning to complete the separation of systems with Naver by the fiscal year 2026 (April 2026 to March 2027), but we will plan to accelerate it.” He also mentioned that “we will terminate almost all domestic services in the domestic service business area with Naver” and that “the plan to terminate the business commission relationship with Naver will be announced around July.”‘,
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, ‘Although Idezawa did not mention any specific details regarding Naver’s share adjustment, he stated, “If there is any change in capital relations with Naver or if there are any such movements, it will be announced immediately.”‘,
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, “In November last year, Naver Cloud was attacked by a cyberattack, resulting in approximately 520,000 pieces of personal information being leaked from Line Yahoo. In March and April of this year, the Japanese government issued an administrative guidance demanding cybersecurity enhancements at Line Yahoo. In particular, the demand for ‘reassessing capital relationships’ within the administrative guidance raised concerns that Japan may be trying to strip Naver of its major shareholder status.”,
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