{"id":2205078,"date":"2024-05-14T08:00:19","date_gmt":"2024-05-13T23:00:19","guid":{"rendered":"https:\/\/koreapro.org\/?p=2205078"},"modified":"2024-05-13T17:03:28","modified_gmt":"2024-05-13T08:03:28","slug":"yoon-administration-faces-pressure-amid-japans-naver-move","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2024\/05\/yoon-administration-faces-pressure-amid-japans-naver-move\/","title":{"rendered":"Yoon administration faces pressure amid Japan\u2019s Naver move"},"content":{"rendered":"
South Korea\u2019s presidential office has <\/span>committed to defending<\/span><\/a> South Korean businesses from foreign pressures in response to Japan\u2019s administrative guidance urging Line Yahoo Corporation (LY Corp.) to reassess its financial dependence on Naver following last year\u2019s data breach. South Korean lawmakers perceive Japan\u2019s move as Tokyo\u2019s effort to limit foreign influence in its tech sector.<\/span><\/p>\n Democratic Party (DP) floor leader Park Chan-dae <\/span>criticized<\/span><\/a> the Yoon administration\u2019s handling of Japan\u2019s actions, warning that a lackluster response could be perceived as \u201ctreasonous.\u201d Sung Tae-yoon, the director of national policy at the presidential office, told reporters that framing the issue in an anti-Japanese manner damages national interests and fails to protect Korean corporations.<\/span><\/p>\n Why It Matters<\/b><\/p>\n The escalating rhetoric among South Korean lawmakers over Japan\u2019s <\/span>administrative actions<\/span><\/a> against Naver could compel the Yoon administration to adopt a tougher stance against Japan. South Korean foreign minister Cho Tae-yul <\/span>vowed<\/span><\/a> on Friday to safeguard South Korean firms from \u201cunfair treatment\u201d abroad, signaling a potentially more confrontational approach. The situation threatens to derail the fragile recovery of bilateral relations, especially given the strategic importance of Naver\u2019s joint venture with SoftBank, which holds a significant stake in LY Corp.<\/span><\/p>\n Moreover, Park Chan-dae\u2019s portrayal of the issue as one of national sovereignty and loyalty will likely deepen divisions between the ruling and opposition parties, making a united front difficult as the 22nd National Assembly prepares to begin its four-year term on May 30. This division could also make legislative cooperation between the riling People Power Party and the DP challenging.<\/span><\/p>\n