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South Korea s Biggest Internet Firm Considers Future in Japanese Messaging App

(Bloomberg) Naver Corp., South Korea’s biggest internet company, is reviewing options for its holding in the operator of Japan’s most popular messaging app following pressure from Tokyo.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaIn Jamie Dimon's America, the Stock Market H

South Korea to consult Naver, after report firm faces Japan pressure to divest stake

South Korea said on Saturday it will consult with Naver, after media reported that the domestic internet company was under pressure from Japan to divest from a venture, adding that its companies should not face discrimination. The South Korean foreign ministry was asked to respond to a Kyodo news agency report earlier this week that Japan's SoftBank Group was in talks to buy shares of LY Corp from Naver after administrative guidance from Japan's internal affairs and communications ministry over a data leak last year.

Clarity and Confusion: Updates to Canada s Guidance on Forced Labour Reporting Requirements

As businesses finalize their reports under the Fighting Against Forced Labour and Child Labour in Supply Chains Act the Act in advance of the May 31, 2024, statutory deadline, Public Safety Canada has updated its administrative guidance to clarify certain technical requirements, while also sowing confusion in respect of the basic question of which entities have reporting obligations under the Act. Public Safety Canada revised its guidance for Entities, originally issued in December 2023, on March 5, and March 20, 2024, and also added a page for answers to top questions and other amendments on March 5. A separate section was also added to the guidance website on March 13, 2024, to address the reporting obligations of government institutions.

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