ehttps://www.koreatimes.co.kr/www/tech/2024/05/133_374406.html
Will Naver sell stake in Line messenger as Japanese partners call for its exit?
Korean politicians are criticizing Seoul's passive response to Tokyo's apparent pressure on Korean tech giant Naver to sell its stakes in LY Corp., the Tokyo-headquartered operator...
www.koreatimes.co.kr
Naver says it is in talks with SoftBank for possible stake sale
be in talks with ~와 조율중에 있다, ~와 협장중에 있다
stake sales 지분 판매
exit 투자금 회사
call for = call on = request = ask for 요청하다
sell a stake in ~에 대한 지분을 팔다
Naver is in a dilemma over what to do with Line, its mobile messenger app that dominates the Japanese market, as it faces growing pressure from the Japanese government and local business partners to sell its 50 percent stake in a joint venture that controls the messenger, according to industry officials and experts, Friday.
be in a dilemma over = be in a jam over ~에 대해 딜레마에 빠져있다
face growing pressure 압력이 거제시다, 증가하는 압박에 직면하다
dominate = be prevalent = predominate 지배적이다, 두드러지다, 우위를 차지하다
joint venture 합작 투자
Many say that Naver may sell a portion of its stake in Line's operator, LY Corp., to resolve the situation, which has escalated to a diplomatic issue between Korea and Japan due to the possible loss of a service nurtured by a Korean company to a Japanese one.
sell a portion of one's stake ~의 지분의 일부를 팔다
resolve the situation = sort out the situation = solve the situation 상황을 해결하다, 사태를 해결하다
escalate to (into) diplomatic issue = develop into diplomatic issue 외교적인 문제로 확대되다
nurtured by = cultured by = cultivated by = fostered by ~가 발전시킨, ~가 키운, ~가 조성한
“The most likely scenario is for Naver to sell a stake of about 20-30 percent in A Holdings, the controlling shareholder of LY Corp. Although Naver could use legal or political means to try to hold on to its 50 percent stake in A Holdings, we believe this scenario is less likely due to potential backlash from the Japanese government,” said Douglas Kim, an analyst at Smartkarma, Singapore-based investment research firm.
the most likely scenario 가장 가능성이 있는 시나리오
the less liekly scenario 가능성이 덜한 시나리오
controlling shareholder 지배주주, 대주주
legal means 법적 수단
political means 정치적 수단
legal action = legal proceedings 법적 절차, 소송
potential backlash 잠재적 반발
backlash = headwind = outcrying 반발, 항의
The largest portal service company in Korea has been under pressure to divest its stake in LY Corp., as Japan's Ministry of Internal Affairs and Communication said it asked LY Corp. to reconsider its capital relationship with Naver, twice in March and April.
portal service 포탈 서비스
be under pressure = come under pressure = face the pressure 압력을 받다
divest ~을 처분하다, ~을 없애다, ~에게서 ~을 빼앗다
the Ministry of Internal Affairs and Communication 일본 총무성
reconsider = review = revise = reexamine = rethink = revisit 재고하다, 재검토하다, 다시 논의하다
capital relationship 자본관계
Line is a service developed through Naver in 2011. Naver formed a business integration with SoftBank in 2019 and established the joint venture, A Holdings, in 2021. A Holdings, equally owned by Naver and SoftBank, is the largest shareholder of LY Corp., which operates Line and the popular portal site Yahoo! Japan, with a stake of 64.5 percent.
form a business integration 사업 통합을 형성하다
establish a joint venture 합작 회사를 설립하다
the largest shareholder 최대주주
with a stake of N% ~퍼센트의 지분으로
with a majority stake in ~의 최대 지분으로
The administrative guidance from the Japanese government came after LY Corp. experienced a data breach last November that affected about 519,000 cases of personal data through Naver Cloud's server.
administrative guidance 행정 지도
come after ~이후에 나오다, ~를 따르다, ~을 추격하다
data breach 데이터 유출, 데이터 위반, 데이터 침해
personal data 개인데이터, 개인정보
In response to the pressure from the Japanese government, LY Corp. CEO Takeshi Idezawa said Wednesday that the company will gradually dissolve their consignment relationship with Naver and pursue technological independence. LY Corp. also removed its only Korean board member, Chief Product Officer Shin Jung-ho, from its board on the same day, filling the board entirely with Japanese members.
in response to ~에 대한 대응으로, ~에 대한 응답으로
dissolve 결혼 생활·사업상 합의·의회를 공식적으로) 끝내다, (고체를) 녹이다, 용해시키다, 녹다, 용해되다
consignment 위탁관계, 탁송, 배송, 탁송물
consignment relationship 위탁관계
selling on consignment basis = consignment sales 위탁 판매
technological independence 기숙적 독립
Following LY Corp.'s announcement, SoftBank also began to pressure Naver to divest its stake by July. "Following LY Corp.'s request, we are in discussions to review our capital relationship with Naver," Junichi Miyakawa, CEO of SoftBank, said during a press conference, Thursday. "We are aiming for early July to negotiate, but no agreement has been reached yet."
following = after = in the wake of ~의 이후에, ~에 뒤이어
be in discussions = be in talks ~와 협상중이다, ~와 논의중이다
review = reconsider = revise = reexamine = rethink = revisit 재고하다, 재검토하다, 다시 논의하다
during a press conference 기자회견에서
aim for = aim to ~을 목표로 하다
reach an agreement = come to an agreement = arrive at an agreement = compromise 합의에 도달하다
On Friday, Naver also made its first official statement, saying it has been in talks with SoftBank, keeping all possibilities open including selling its stake in LY Corp. “We are open to all possibilities, including the stake sale, and are in sincere discussions with SoftBank,” the company said in a statement. “We are continuing to strategically consider and review the utilization and investment of our resources to enhance our future growth potential and maximize shareholder value. We ask for your understanding that we cannot disclose further details until the conclusion is reached.”
official statement 공식 성명
keep all possibilities open 모든 가능성을 열어두다
be open to all possiblities 모든가능성에 대해 열려있다
be open to ~의 여지가 있다, ~을 순순히 받아들이다, ~에 개방되어 있다
sell a stake in ~에 대한 지분을 팔다
be in sincere discussions with ~와 진지하게 논의중이다
utilization = uptake 활용, 이용
enhance = strengthen = consolidate = make stronger = make secure = fortify = beef up = ramp up = cement = stiffen = reinforce = bolster 강화하다, 굳건히하다future growth potential 미래 성장 가능성growth engine 성장 기관shareholder value 주주 가치cannot disclose further details 더 이상 자세한 것은 밝힐 수 없다reach the conclusion 결론에 도달하다
The Korean government also said Friday that it has been in close communication with Naver on the matter, and that it respects Naver’s position and will take strong action against what it sees as unfair pressure on Korean companies' overseas activities.
be in close communication with ~와 밀접하게 소통중이다
on the matter 그 문제에 대해
take strong action against ~에 대해 강력한 조치를 취하다
unfair pressure on ~에 대한 불공정한 압력
overseas activities 해외 활동
“If Naver is in a position to maintain its stake and business in LY Corp., we will support it in taking appropriate measures to strengthen information security,” Kang Do-hyun, second vice minister of science and ICT, said during a briefing at Government Complex Seoul.
be in a position to ~하는 위치에 있다
take appropriate measures = take proper measures 적절한 조치를 취하다
strengthen = enhance = consolidate = make stronger = make secure = fortify = beef up = ramp up = cement = stiffen = reinforce = bolster 강화하다, 굳건히하다
information security 정보 보안
the second vice minister 제2 차관
Line is the most popular instant messaging app in Japan, with 96 million monthly active users. With this popularity, Line has been expanding its business into various fields such as fintech and e-commerce. Considering Line's popularity in Taiwan, Thailand and Indonesia, Naver's divestment of its stake in A Holdings could impact its business not only in Japan but also in Southeast Asia.
instant messaging app 인스턴트 메세징
monthly active users (MAU) 월간 사용자수
with this popularity 이러한 인기로
expand one's buisness into ~로 사업을 확장하다
divestment of one's stake in ~에서 지분 매각, ~에서 투자회수
However, experts forecast that even if Naver were to sell its stake in LY Corp., the value of the company would remain unchanged as Japan's share of Naver's sales last year was around only 7 percent, amounting to 679.9 billion won ($497 million). "Although Naver is likely to sell its stake in A Holdings, it is unclear how much of its 50 percent stake it is likely to sell. We think that although Naver could sell part of its stake in A Holdings, it may try to retain a minority stake (20-30 percent)," a Smartkarma research report said.
forecast = predict = expect = foresee = look ahead = estimate = guess = assume = presume = conjecture = surmise 예상하다, 추측하다, 추정하다
the value of the company 기업 가치
remain unchanged = be unchanged = be the same as before = be constant = remain constant 불변인 채로 있다, 변하지 않다
amount to = number = get to = reach = arrive at = sum upto = total up to = add up to ~에 이르다, ~에 달하다
be likely to = be prone to = be apt to = be liable to ~하기 쉽다, ~하는 경향이 있다
sell part of = sell a portion of ~의 일부를 팔다, ~의 일부분을 팔다
minority stake 소수 지분
Ahn Jae-min, an analyst at NH Investment & Securities, also believes that Naver is likely to decide to sell only part of its stake. "Partial divestment is likely, allowing Naver to step down to the second-largest shareholder while maintaining its ties with LY Corp. If Naver secures several trillion won in cash to pursue share buybacks, dividends or additional M&As, the stock price of Naver is expected to be positive," the analyst said.
investment securities 투자 증권
be likely = be probable = appear = seem = look ~할 가능성이 있다, ~할 것 같다
partial divestment 부분 투자회수, 부분 지분 매각
step down to = resign = bow out = step aside = withdrawl 내려오다, 사임하다
maintain one's tie with ~와 관계를 유지하다
in cash 현금으로, 형편이 좋은, 부유한
share buybacks 주식 환매
buyback 되사기, 되사는 제도
dividend 배당금, 상금
stock price 주식 가격
코리아타임스위클리
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