South Korea to consult Naver, after report firm faces Japan pressure to divest stake

Two accused teenagers to remain in custody for at least two more weeks | SaltWire #newsupdate #newsSEOUL - South Korea said on Saturday it will consult with Naver, after media reported that the domestic internet company was under pressure from Japan to divest from a venture, adding that its companies should not face discrimination.

LY Corp is majority owned by A Holdings, a joint venture between SoftBank and Naver, and operates Line, a messaging app popular in Japan and elsewhere in Asia. Japan's internal affairs and communications ministry and SoftBank Group did not immediately reply to Reuters' requests for comment.

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