NHN Japan spins off its Line messaging business to focus on its international expansion
thenextweb.com -- Feb 07
Demonstrating the strength of its massively popular Line messaging apps and services, NHN Japan - the Japanese arm of Korean search giant Naver - has announced it is to split gaming and Internet services businesses, spinning off its messaging, search and Web portals into a new company.
NHN Japan says that smartphone and PC game development will now be handled by Hangame Corporation, which will continue to build on its Line Game brand, strengthening its position as one of Japan's top online gaming businesses.
The newly created Line Corporation will now be tasked with the development of the Line messaging service, Naver Web portals, and operation of the Japanese ISP Livedoor. Line Corp. is tasked with becoming the number one domestic media company.
NHN also has eyes on expanding its overseas business, announcing that it establish a joint-venture named Line Plus Corporation in Japan.
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