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Controversy Surrounding Naver’s Line Messaging Service Control Rights Transfer

As the controversy spreads as the Japanese government pressures Naver to transfer control rights to Naver’s global messenger service ‘Line’ to a Japanese company, the Ministry of Foreign Affairs is not giving a clear position on this.

A high-ranking official from the Ministry of Foreign Affairs who met with reporters on the 26th said nothing about the point that Japan’s Ministry of Internal Affairs and Communications is taking administrative action against Line Yahoo, which is jointly owned by Korean- . A Japanese company, to improve its shareholding structure, which could be in violation of the Korea-Japan Investment Agreement No answer.

Japan’s Ministry of Internal Affairs and Communications claims that Korea’s Naver Cloud is responsible for leaking about 510,000 personal information due to the Line hack last November and that the governance structure should be changed to solve the problem. The Ministry of Internal Affairs and Communications issued administrative guidelines to Line Yahoo, the company in question, to re-examine its capital relationship with Naver.

In this regard, Japan <교도통신>reported on the 23rd that Japan’s Softbank is in talks to buy the shares of Line Yahoo’s intermediate holding company from Naver. Naver and Softbank each invested half to create a holding company, A Holdings, which has a 64.5% stake in Line Yahoo.

In this regard, it is assessed that it is quite unusual for the government of a country to order a private company to change its shares due to hacking. Of course, administrative guidelines are not legally binding, but given the characteristics of Japanese society, which, like Korea, has a strong influence from the government over the private economy, some say that a change in the governance structure is not impossible.

Although Yoon Seok-yeol’s government went ‘all in’ on improving Korea-Japan relations by removing the legal rights that victims of forced labor during Japan’s colonial era were given by the Korean Supreme Court in March last year, Japan is trying to almost taking over companies in the economic field, not to mention changing his attitude towards the history of the past.

▲ Line Japan homepage. ⓒ Captured from the Line homepage

Kim Jun-hyung, a former member of the National Assembly of the Fatherland Innovation Party and chairman of the board of directors of Diplomacy Plaza, said about this, “When the security of a company’s personal information is a problem, it is common to order measures to correct it. technical weaknesses in security and impose fines if they do not implement them.” However, the Japanese government is pressuring the company to sell its shares, and the administrative guidance itself is absurd.”

Former Director Kim said, “It is even more serious that these repercussions are spreading throughout the related industry. Since this is happening repeatedly in Japan, it is said that companies doing business in Japan with Korea’s technology is shrinking. Related industries say, ‘The Korean government is “There are lamentations like, ‘Where on earth are they?'” he said.

He said, “The Japanese government should not force non-profit companies to change their shares. It would infringe on the freedom of corporate activities. If our company encounters such a thing in that country, the Korean government will naturally protest and taking corrective measures “We must demand it,” he said, pointing out that “the Yoon Seok-yeol government and the Korean Embassy in Japan are just watching.”

Former Director Kim said, “Yoon Seok-yeol’s government said that if we fill the cup with half the water first, then Japan will fill the rest. But Japan drinks half the cup and it is not satisfied with that, so they say we put the well up.” pinned

He said the government, “expecting blind goodwill from Japan, sold our history, and that’s not enough, now they’re going to give it to us too, and now they’re going to give us too,” adding, “Will the government watch as Japan tries to swallow a commercial enterprise with a market capitalization of 25 trillion won? Or will she watch “Once Naver Korea hands over all its shares in Line, will they act against Japan’s ambassador to Korea?

Former Director Kim said, “President Yoon Seok-yeol must stop inferior diplomacy against Japan, overrule the main figures of inferior diplomacy in the National Security Bureau, and change the diplomatic tone to make national interests the top priority And take measures strong to prevent the Japanese government from oppressing companies.” “Do it,” he urged.

This high-ranking official from the Ministry of Foreign Affairs, who could not comment on Japan’s conduct, expressed the tone that the position of the Japanese company should be understood as a defendant in relation to the issue of forced mobilization. When asked if he thought it would be possible to improve Korea-Japan relations despite Japan’s lack of response to a solution to forced mobilization, he explained that there was a situation that companies were facing.

This official said, “Japanese corporations are very sensitive to attacks by right-wingers who own shares on the board of directors. Therefore, it is not easy to do anything to the foundation (Forced Migration Victims Support Organization of under Japanese Colonialism, hereafter referred to as the foundation) is open,” adding that Japanese companies support the proposal. It is expected that money will not be invested in the foundation established by the government for third party reimbursement.

He said, “So the Future Fund (Korea-Japan-Japan-Korea Future Partnership Fund) has emerged as an alternative. We encourage this, but we believe that reconciliation (between the parties) is needed to resolve the totally a problem, anyway.” of funds or foundations.”

The fund mentioned by this official is a private fund led by the Federation of Korean Industries (FKI) and the Federation of Japanese Economic Organizations (Keidanren), and its intention is to encourage the participation of Japanese companies. The problem is that this fund does not support victims of forced displacement. It is not a place where direct compensation is paid. The main focus of the fund’s project is to exchange young talent between Korea and Japan and strengthen industrial cooperation.

The official’s statement that he is encouraging participation in funds rather than foundations can be interpreted to mean that he has effectively abandoned Japan’s response. On March 6 last year, the then Minister of Foreign Affairs, Park Jin, announced a solution to forced evacuation and said that since the glass is half full, Japan will fill the other half, and that he expects a response positive from Japan.

Although the government implements ‘third party repayment’ through the foundation to repay the amount and interest owed by Japanese companies on behalf of Japanese companies, there are victims and creditors who refuse this still. The government used a method called deposit to remove their legal bonds, but this was not even accepted by local courts.

When asked what impact it would have on Korea-Japan relations if the current situation continues, this official said, “Right now, we are proceeding based on subrogation (third-party payment). There will be many problems, but I think they will be solved legally.” “He said that there will be no change in the government’s answer.

He said, “I understand that the last government also approached the matter with the idea that there was no solution other than subrogation,” and added, “I think it is better at the moment to prevent this plan from collapsing.”

This official made it clear that although the so-called ‘Russian Leaders and Minority’ situation has been created where the opposition wins a landslide victory in the 22nd general election, there will be no change in foreign policy. When asked what the atmosphere was like in Japan after Korea’s general election, he replied, “Korea is telling Japan that even if it loses the election, the government will not change, and there will be no change in the areas of diplomacy and security as these are areas where presidential leadership is exercised.”

Meanwhile, to celebrate the 60th anniversary of the establishment of diplomatic relations between Korea and Japan next year, this official announced that they are considering a method that would allow travel between Korea and Japan without a passport. He said, “Korea and Japan have a lot of similarities. They are the only ones in Asia where nothing happens if you criticize the leader, and living standards are similar. It doesn’t seem to be makes sense to travel between these two countries with a passport is Europe (“Don’t they come and go even without a passport?”

He said, “There is considerable consensus even within Japan on how to travel between Korea and Japan without a passport or simplify the immigration process as much as possible and apply the same standards as domestic citizens.” He added, “We need to find a common denominator between Korea and Japan.”

In response, the Ministry of Foreign Affairs said that this was the official’s personal plan and that there were no specific talks between Korea and Japan.

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