Seoul ¨C South Korea¡¯s Naver said on Friday it is exploring various options including the potential sale of its stake in the company that controls LY, which operates the popular messaging app Line.
In a statement, Naver, which holds an equal stake with SoftBank in a joint venture that controls LY, apologized for a recent security breach that led the Japanese government to issue administrative guidance.
¡°Naver will continue to put top priority on Naver shareholders and on raising the corporate value of Naver and LINE Yahoo,¡± it said in a statement.
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