"Naver and Capital Relationship Review Difficult In Short Term"

Lineyahu, who received administrative guidance from the Japanese government over information leakage, reiterated that it is difficult in the short term to review the capital relationship with Naver as ordered by the Japanese Ministry of Internal Affairs and Communications.

ReinYahu said in a report to the Internal Affairs and Communications Ministry again in three months that he recognized the difficulty of short-term capital movement between ReinYahu and Naver, and that he would continue to work to advance the discussion.

It is the same as the report released on July 1st, but it did not specify the target deadline for Naver and the completion of the review of the capital relationship.

As a result, it is expected that the issue of reviewing the capital relationship with Naver will be prolonged.The shares of

LineYahu are owned by A Holdings, a joint venture established by Naver and Softbank by splitting their shares in half, and as the Ministry of Internal Affairs and Communications ordered a review of the capital relationship, it was interpreted that Japan was trying to take away Naver's management rights completely.