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Line Corporation was founded on September 4, 2000, as Hangame Japan as a part of Hangame, a South Korean game company owned by NHN at the time. In August 2003, the company was renamed to NHN Japan . In 2007 Naver established another Japanese subsidiary Naver Japan , which managed the Naver search engine in Japan before its demise.
LY Corporation (LINEヤフー株式会社, Rain Yafū Kabushiki-gaisha, lit. ' Line Yahoo Corporation '), trading as LYC, [1] is a Japanese internet company owned by A Holdings, a joint venture between SoftBank Group of Japan, and Naver Corporation of South Korea, [2] founded in 2023 by the merger of Z Holdings, and four subsidiaries including Line Corporation and Yahoo!
Line is a freeware app and service for instant messaging and social networking, operated by the Japanese company LY Corporation, co-owned by SoftBank Group.Line was launched in Japan in June 2011 by NHN Japan, a subsidiary of Naver.
Yahoo! Japan was a founding member of the Japan Association of New Economy (JANE, at the time named Japan e-business association), a Japanese e-business association led by Rakuten CEO Hiroshi Mikitani, in February 2010; Rakuten later withdrew from the Japan Business Federation (Keidanren) in June 2011 and made moves to make JANE become a rival to Keidanren.
Japan Corporation's change to a holding company structure. In 2020, it merged with Line Corporation, a subsidiary of South Korean Naver Corporation, and became a subsidiary of A Holdings, a joint venture between SoftBank Group and Naver Corp. As a result, Line Corporation became a subsidiary of Z Holdings.
In Japan, Line Mobile offers plans including free access to LINE application and social network services. In January 2018, it is announced that LINE Corporation and Softbank Corp had agreed a partnership for Line Mobile. As a result of the partnership, Softbank will hold 51% stake in Line Mobile Corporation. [1]
In March 2021 Line Corporation merged with Yahoo Japan, which has been operated by Z Holdings, a SoftBank Group subsidiary. [14] Under the new structure, Naver and SoftBank Corp., which is the wireless carrier unit of SoftBank Group, each hold 50 percent stakes in a new company named A Holdings Corp., which holds a majority stake in Z Holdings ...
Line Corporation, in the early stage, has signed the deals with Sony Music Japan and Avex Group to allows their works to be streamed in their services once the service has been launched. [5] [6] Following the announcement on the same month, Line Corporation acquired MixRadio from Microsoft in order to make its expansion to music industry ...