Overview

• South Korea vows to protect its companies like Naver from perceived unfair foreign pressures after Japan's regulatory guidance.
• Japanese instructions to LY Corp, co-owned by Naver and SoftBank, to lessen Naver's influence followed a significant data breach.
• Seoul supports Naver's decision-making autonomy in the joint venture, emphasizing national economic interests and cybersecurity enhancements.
• Political tensions between South Korea and Japan resurface, affecting trade relations and corporate operations.
• South Korea's technology ministry pledges robust response to any discriminatory actions against its businesses, amidst ongoing negotiations between Naver and SoftBank.