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Naver will consider company benefits in deciding on selling Line shares: CEO

While the Japanese government is pressuring Naver to shed ownership in Line, the dominating messaging app in Japan, the Korean internet giant said it will make a decision based on the benefit of the company's business, the chief executive officer said Friday. During an earnings call, Naver CEO Choi Soo-yeon said the administrative guidance issued by Japan's Ministry of Internal Affairs and Communications la...
Choi Soo Yeon Yonhap Infomax Brand Solutions Ely Corp Yahoo Japan A Holdings

Naver, Intel, KAIST join forces to set up AI lab in Korea

Naver, Intel and the Korea Advanced Institute of Science and Technology will set up a joint lab in Korea to lead the new global ecosystem for artificial intelligence semiconductors, KAIST announced Tuesday. The joint lab called NIK AI Research Center will be established on the KAIST campus in Daejeon in the first half of this year and begin research in July. KAIST said that the joint research center will be run for t...
South Korea United States Taejon Gwangyoksi Lee Dong Soo Nik Ai Research Center Korea Advanced Institute Of Science

Seoul's science ministry monitors Tokyo's response to Japanese tech company LY's information leak

Koreas science ministry has said it is closely monitoring the Japanese governments actions to ask Japans LY, the operator of the popular chat app Line and internet portal Yahoo Japan, to review its relationship with Korean tech giant Naver.
Kyonggi Do South Korea Korea Ministry Of Science Tokyo Ministry Of Internal Affairs Yahoo Japan A Holdings

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[Editorial] Japan's pressure on Naver

The Japanese government is stepping up pressure on South Korean portal giant Naver to sell off its stake in a joint venture that runs Line, the dominant messaging app in Japan, citing a data leak -- a controversial move that has sparked a wave of critical responses in Korea and is likely to complicate already complex bilateral ties between the two nations. Japan’s Ministry of Internal Affairs and Communications...
South Korea Soult Ukpyolsi South Korean Masayoshi Son Foreign Ministry Ely Corp

South Korea to consult Naver, after report firm faces Japan pressure to divest stake

South Korea said on Saturday it will consult with Naver, after media reported that the domestic internet company was under pressure from Japan to divest from a venture, adding that its companies should not face discrimination. The South Korean foreign ministry was asked to respond to a Kyodo news agency report earlier this week that Japan's SoftBank Group was in talks to buy shares of LY Corp from Naver after administrative guidance from Japan's internal affairs and communications min...
Soult Ukpyolsi South Korea South Korean Muralikumar Anantharaman Katya Golubkova Hyunsu Yim
Source: yahoo.com

S Korea to consult Naver, after report firm faces Japan pressure to divest stake

South Korea said on Saturday it will consult with Naver, after media reported that the domestic internet company was under pressure from Japan to divest from a venture, adding that its companies should not face discrimination. The South Korean foreign ministry was asked to respon...
South Korea South Korean Japan Softbank Group Ely Corp Korea Party A Holdings

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