Naver chief to meet media ahead of LINE IPO

Published : Jul 7, 2016 - 16:23 Updated : Jul 7, 2016 - 17:22

[THE INVESTOR] Lee Hae-jin, the reclusive leader of Internet giant Naver, will make an appearance at a press meeting on July 15 when the company’s subsidiary and mobile messenger operator LINE goes public in Japan

“Naver board chairman Lee will attend a press meeting in Seoul on the same day when LINE is listed on the Tokyo Stock Exchange,” said Kim Hyun-ji, a public relations representative of the firm, adding the exact schedule and place are yet to be finalized.

Lee Hae-jin

It will be Lee’s first appearance after he joined a press conference in Nov. 2013 right after LINE reached the 300-million subscriber milestone.

LINE’s IPO price band, in the range of between 2900 yen (US$29) and 3300 yen, is expected to be the highest of its kind in the global IT sector this year. Through the IPO, LINE is forecast to mobilize 1.29 trillion won (US$1.1 billion).

By Kim Young-won (wone0102@heraldcorp.com)