Naver Corp. CEO Choi Soo-yeon stated that the company has no immediate plans to sell its stake in Japan's LY Corp., the operator of Line, a popular mobile messenger. This decision comes as LY aims to reduce its reliance on Naver. Naver, as the largest internet portal operator in South Korea, currently holds a 50 percent stake in A Holdings, the parent company of LY, while the other half is owned by Japan's SoftBank Group. LY recently submitted a report to the Japanese government outlining its plan to enhance its security system following an information leak incident last year. The report included details of LY's intention to separate its systems and private networks from Naver and its cloud computing affiliate, Naver Cloud Corp., by March 2026, and to end outsourcing to Korean companies by the end of next year. Despite LY's efforts to reduce its dependence on Naver, both Naver and SoftBank have indicated that there are challenges associated with immediate capital movements. They have expressed their intention to continue discussions regarding the potential restructuring of their capital relationship. This comes after Japan's Ministry of Internal Affairs and Communications issued guidance to LY earlier this year, urging the company to decrease its reliance on Naver in response to the data leak incident. LY has been implementing various measures to reduce Naver's influence, including the departure of a key South Korean executive, Shin Jung-ho, from its board. Shin, who is recognized as the creator of Line in South Korea, developed the service at Naver in 2011. Japan's actions have sparked criticism in South Korea, with many perceiving them as an effort to diminish foreign influence on the widely used online platform in the country. As of last year, Line had approximately 96 million monthly active users in Japan, accounting for 78 percent of the country's population.