Tokyo/Seoul –
SoftBank CEO Junichi Miyakawa said Thursday that the Japanese telecommunications company is in talks with South Korea’s Naver over control of LY, which operates the popular messaging app Line.
Naver said last week that “highly unusual” government administrative guidance over a data breach last year required it to reduce its control of LY, which is majority owned by a joint venture between SoftBank and Naver.
LY admitted in November last year that there had been unauthorized access to its systems by a third party through Naver’s cloud system. This led to the leak of the personal data of more than 300,000 Line users and others.
