Line may delay IPO listing until 2nd half

JapanKorea Times — Line, the popular messaging app launched in the aftermath of Japan’s earthquake and tsunami, has delayed its plan for its initial public offering (IPO) until the second half of this year, according to market analysts and officials, Monday. “The plan by Naver to have an IPO for Line will be delayed until the second half of this year due to market uncertainty and the mediocre business growth of Line,” said Ahn Ji-maan, an analyst at NH Securities in a note to clients.

NHN Entertainment looks to offer game cloud platform service

NHN Entertainment has launched a business-to-business (B2B) game cloud platform service to make up for its weakening profits in its top income source ― gambling games. Releasing the cloud service named “TOAST Cloud,” the company said it will diversify its business portfolio to game cloud platforms from existing online and mobile games, and e-commerce to survive as a general IT company.