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Naver founder to target Google, Alibaba and Amazon
Posted : 2021-01-21 18:32
Updated : 2021-01-25 20:08
Naver founder Lee Hae-jin speaks at the company s data center Gak in Chuncheon, Gangwon Province, in July last year. / Courtesy of Naver
By Kim Jae-heun
Naver founder Lee Hae-jin has been appointed as chairman of A Holdings, a joint venture established between Korean company Naver and Japanese conglomerate SoftBank to compete with American and Chinese rivals including Google, Alibaba and Amazon.
Line is the most-used mobile messenger application in Japan and is operated by Line Corporation. Yahoo Japan is the biggest portal website in the country and is owned by SoftBank. After the merger, A Holdings is expected to have 130 million monthly average users in Japan.