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Kim Yu-won, CEO of Naver Cloud, speaks about the future direction of the company’s business in Japan at a hotel in Osaka on July 9. [NAVER CLOUD]

Naver focuses on enterprise messaging, AI services to secure growth in Japan after Line ordeal

Naver is ramping up its business in Japan with a focus on enterprise messaging and AI-driven services, seeking to secure long-term growth after weathering last year’s turbulence surrounding Line Yahoo.

2025.7.12

Naver's headquarters in Seongnam, Gyeonggi [YONHAP]

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.

2024.8.9

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Naver CEO Choi Soo-yeon attends the National Assembly’s parliamentary audit with the Science, ICT, Broadcasting and Communications Committee on Tuesday. [NEWS1]

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.

2024.7.2

SoftBank's headquarters in Tokyo [YONHAP]

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.

2024.6.20

A person passes by in front of Line Friends flagship store in Gangnam District, southern Seoul, on Monday, amid growing concerns over the Japanese government pressuring Naver to sell its stakes in Line Yahoo. [NEWS1]

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.

2024.5.13

A screenshot of the popular messaging app Line [REUTERS/YONHAP]

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.

2024.5.8

Logos of Yahoo Japan and Line [AP/YONHAP]

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.

2024.5.1