Line Corporation
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 Line Corporation's headquarters | |
Native name | LINE株式会社 |
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| Company type | Public |
| TYO: 3938 NYSE: LN | |
| Industry | Internet and Telecommunications |
| Predecessor | NHN Japan |
| Founded | Tokyo, Japan (September 4, 2000) |
| Founder | Naver Corporation |
| Headquarters | , |
Area served | Worldwide |
Key people | Takeshi Idezawa, CEO |
| Products | Line, Livedoor |
| Services | Line App, Line Manga, Line Play, Line Taxi |
| Revenue | ¥166.4B "$1.5B USD" (2020) |
| Total assets | ¥541.4B "$5B USD"(2020) |
| Total equity | ¥147.7B "$1.4B USD" (2020) |
| Owner | Naver Corporation (72.87%) |
Number of employees | 2,268 |
| Subsidiaries | Line Plus Corporation Line Business Partners Corporation DataHotel Co., Ltd. Line Digital Frontier Line Vietnam |
Line Corporation (stylized as LINE Corporation) is a Tokyo-based subsidiary of the South Korean internet search Naver Corporation. The company's business is mainly associated with the development of mobile applications and Internet services[1], particularly the Line communication app.
History
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. On August 24, 2003, the company was renamed to NHN Japan. Naver later established another Japanese subsidiary, Naver Japan in 2007 which managed the Naver search engine in Japan before its demise. Naver Japan would later acquire Livedoor in 2010. In 2012, Naver merged the three entities (NHN Japan, Naver Japan, Livedoor) into a new subsidiary known as NHN Japan.[2] From April 1, 2013, the company changed its name and traded as Line Corporation.[3] Later that same year, NHN split into two companies, Naver Corporation and NHN Entertainment Corporation which the latter created a new NHN Japan Corporation subsidiary.[4] In November 2019 it was announced that Line and Z Holdings were going to be under a new subsidiary under Naver Corporation and SoftBank Group [5] which will be completed in October 2020.
References
- ^ "LINE Corporation". LINE Corporation.
- ^ https://www.navercorp.com/en/company/companyHistory.nhn
- ^ "LINE Corporation". LINE Corporation.
- ^ "Korean Internet Company NHN Splits To Battle Kakao (Updated)". Forbes. Retrieved February 9, 2018.
- ^ https://techcrunch.com/2019/11/17/yahoo-japan-and-line-corp-confirm-merger-agreement/
External links
- No URL found. Please specify a URL here or add one to Wikidata.
- Line
- Naver Japan
- Livedoor
- Clova Cloud Virtual Assistant by NAVER/LINE
| Products and services |
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| Subsidiaries |
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| People | |||||
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- Naver Corporation
- South Korean brands
- Internet in Japan
- Telecommunications companies based in Tokyo
- Internet search engines
- Companies listed on the Tokyo Stock Exchange
- Companies listed on the New York Stock Exchange
- Japanese companies established in 2000
- Telecommunications companies established in 2000
- 2016 initial public offerings