Today, we take a closer look at SoftBank CEO Son Jeong-hee's declaration of responsibility regarding the Line acquisition issue, which has sparked controversy following revelations that a senior member of Japan's Liberal Democratic Party met with him to demand Line be brought to Japan.
According to Mainichi Shimbun, Akihira Amari, the Director of Economic Security Promotion for the LDP, recently met with SoftBank's Son Jeong-hee and requested strengthening Line's infrastructure within Japan. Son reportedly responded, "I will take responsibility for this."
Separately, the Japanese government has issued strong administrative directives to review the capital relationship between Line and Naver. Consequently, Naver is considering transferring management rights to SoftBank and restructuring its capital composition.
This incident has once again brought attention to SoftBank's close relationship with Japanese politics. A senior SoftBank official remarked, "We felt the strong will of the government, and we did not anticipate such deep involvement."
While the government maintains a contradictory stance on calls to change the shareholding structure, the situation has further complicated relations between Japanese companies and political intervention.
Thus, we have provided the latest updates on Son Jeong-ui's declaration of responsibility and the increased involvement of the Japanese government in the Line acquisition issue.
Starting Google Play App Distribution! "Tester Share" for Recruiting 20 Testers for a Closed Test.
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