Most Popular
-
1
Korean labor force to shrink by 10 million by 2044: report
-
2
[AtoZ Korean Mind] Does your job define who you are? Should it?
![[AtoZ Korean Mind] Does your job define who you are? Should it?](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/05/06/20240506050099_0.jpg&u=)
-
3
Allegations surrounding BTS resurface, enraged fans demand apology
-
4
Students with history of violence will be barred from becoming teachers
-
5
Probe of first lady on Dior bag allegations set to begin
![[AtoZ Korean Mind] Does your job define who you are? Should it?](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/05/06/20240506050099_0.jpg&u=)
-
6
'Super Rich in Korea' will leave viewers appreciating Korea more: producers
-
7
Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
-
8
Medical feud leaves hospitals in financial crisis
-
9
'Queen of Tears' riding high on Netflix chart
-
10
Chip up cycle won’t stay long: SK chief
NHN Corp., the operator of South Korea’s top portal Naver.com, said Wednesday it plans to set up two subsidiaries as part of efforts to strengthen its mobile business.
NHN said it has won board approval to inject 40 billion won ($37 million) each to “Camp Mobile” and “LINE Plus.”
Under the plan, the company will hold a 100 percent stake in Camp Mobile, which will pioneer NHN’s new mobile services.
NHN will also own a 40 percent stake in “LINE Plus,” which will support the company’s flagship mobile messenger service LINE that recently achieved 100 million downloads globally. NHN Japan will hold the remaining 60 percent stake.
The company, meanwhile, said it plans to spin off Hangame, a game unit it acquired in 2000, as part of efforts to boost competitiveness.
NHN said it plans to announce a detailed schedule for the spin-off in the future, without elaborating further.
The company is set to announce its fourth-quarter earnings on Thursday. (Yonhap News)
NHN said it has won board approval to inject 40 billion won ($37 million) each to “Camp Mobile” and “LINE Plus.”
Under the plan, the company will hold a 100 percent stake in Camp Mobile, which will pioneer NHN’s new mobile services.
NHN will also own a 40 percent stake in “LINE Plus,” which will support the company’s flagship mobile messenger service LINE that recently achieved 100 million downloads globally. NHN Japan will hold the remaining 60 percent stake.
The company, meanwhile, said it plans to spin off Hangame, a game unit it acquired in 2000, as part of efforts to boost competitiveness.
NHN said it plans to announce a detailed schedule for the spin-off in the future, without elaborating further.
The company is set to announce its fourth-quarter earnings on Thursday. (Yonhap News)
-
Articles by Korea Herald
![[K-pop's dilemma] Is Hybe-Ador conflict a case of growing pains?](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=642&simg=/content/image/2024/05/07/20240507050746_0.jpg&u=)