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LY Corporation is a Japanese internet company formed in 2023 by the merger of Z Holdings, which owns Yahoo! Japan, and Line Corporation. The company aims to streamline its business and compete with global tech giants, but faced a data leak scandal and regulatory guidance in 2023.
Z Holdings was a joint venture between SoftBank Group and Naver Corporation that owned Yahoo! Japan, Line Corporation, and other subsidiaries. It merged with four of its subsidiaries in 2023 to form LY Corporation.
TOKYO (Reuters) -Japan's LY Corp, operator of the Line messaging app, announced a share buyback on Friday that will lower the voting rights of heavyweight joint stakeholders SoftBank Corp and ...
Line is a freeware app and service for instant messaging and social networking, operated by the Japanese company LY Corporation. It was launched in Japan in 2011 by NHN Japan, a subsidiary of Naver, and is popular mainly in Japan, Indonesia, Taiwan and Thailand.
South Korea vowed Friday to protect its companies operating in other markets after Japanese regulators told LY Corp., which runs the popular chat app Line, to reduce its dependence on Naver, the ...
LY Corp said earlier this month it received another administrative guidance following one in March from the ministry which said to accelerate "discussions on essential review of security ...
Line Corporation is a Japanese Internet company that operates various services, such as the communication app Line. It was founded in 2000 as Hangame Japan, a subsidiary of South Korean NHN Corporation, and merged with Yahoo Japan in 2021.
Webtoon's largest shareholders include Naver and Tokyo-based LY Corp, which is majority owned by a joint venture between SoftBank and Naver. After the IPO and the private placement, Naver will ...