”Will we lose our jobs if LINE's management rights are transferred to Japan?” - Naver and LINE employees are in a state of panic - Korean media

There is a high possibility that the management rights of LINE, which Naver has nurtured for 13 years, will be transferred to Japan, and Naver and LINE
Employees of LINE Plus and other companies are upset. Some employees have given up management rights at LINE.
However, there are growing concerns that if management rights of LINE are transferred to Japan, it could cause job instability.
Some have criticized the South Korean government for its lukewarm support and response. According to the IT industry, Naver employees have been using online communities and group chats to
In particular, many employees are concerned that if Naver transfers LINE Yahoo to SoftBank, they will be treated differently from LINE Yahoo.
They are concerned that the employees involved, including 2,500 employees of Korean subsidiaries such as Plus, may suffer from employment insecurity.
This is due to the wording contained in the statement released by Naver on the 10th.
"We continue to consider how to utilize and invest company resources to increase the company's future growth potential and maximize shareholder value," the company said. "We will continue to work toward the best outcome for the company with regard to this matter."
"We are in good faith discussions with SoftBank, leaving all options open, including the sale of our stake, in order to create a new company," the company said.
Despite the disclaimer that "the information cannot be disclosed," there are references to "sale" and "all possibilities are open," so it is believed that there is a high possibility that LINE will be transferred to Japan.
An employee who revealed he was a member of LINE Plus in an online community expressed concern that "all of Naver's businesses in Thailand and Taiwan, which it has worked hard on for several years, will be transferred to Japan."
Another employee said, "My colleagues are suffering because the company that we have worked hard to develop for over 10 years is moving to Japan."
In particular, LINE, the Korean corporation with approximately 2,500 employees,
In response to growing anxiety about employment within Plus, the Naver labor union announced on the afternoon of
It was reported that a meeting was held later to hear opinions. On the 14th, Lee Eun-jung, CEO of LINE Plus, will hold an information session for all employees. At this meeting, the company will announce the sale to SoftBank.
The management is expected to announce its position on the progress of the restructuring negotiations.