South Korea vowed Friday Protecting its companies in other markets Japanese LY CorpThe popular chat app is run by. LineReduce its dependence on NaverThe Korean Partner in a venture

Friction You can find out more about this by clicking here. Naver’s 50% stakes in LY, a joint venture with Japan’s SoftBank has surfaced following a major breach of security at Naver’s Cloud computing servers were used last year. The Japanese Side instructed LY that it should improve its governance, and rely less upon Naver The leakage of over 300,000 records includes information on Line users.

Some Korean The politicians are accusing Japan The pressuring of others Naver Demanding that LY reduce its stake President Yoon Suk Yeol’s The government should adopt a strict stance towards Tokyo.

Senior Korean A senior official from the Ministry of Technology spoke to reporters Friday after Naver SoftBank confirmed they were in discussion “all possibilities,” LY Corp.

On Wednesday, LY’s president, Takeshi IdezawaReporters were told by. Tokyo You can also find out more about us here. Naver SoftBank and discussed their respective shareholdings of the app operator, with the assumption that SoftBank would acquire a majority stake.

Kang Dohyun, South Korea’s Reporter: Second vice minister of technology. Seoul This is the Korean Government had confirmed that instructions to LY came from Japan’s Internal Affairs You can also find out more about the following: Communications Ministry Does not specifically require Naver To reduce its stake.

But He said Seoul The order was not received. “being perceived as pressure” You can also find out more about the following: Naver to do so.

“I would like to reiterate that the government is firmly committed to ensuring that our companies, including Naver, do not receive any disadvantages or unfair treatment in foreign businesses and investments,” Kang said. “We will respond sternly and strongly to any discriminatory measures taken against our companies.”

Since In 2022, the President will be taking office. Yoon The focus of the government has been on strengthening ties with Tokyo The situation had deteriorated because of long-standing grievances, and the mutual security cooperation was strengthened. Japan You can also read about the United States Face of North Korean Nuclear threats

Kang The government said it would support whatever decisions were made Naver Makes about its stake in LY. If He said that if it chooses to remain in the joint-venture, the Technology Ministry would assist it with strengthening its cybersecurity.

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