{"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":"<p><span style=\"font-weight: 400;\">South Korea\u2019s presidential office has <\/span><a href=\"https:\/\/www.yna.co.kr\/view\/AKR20240513107400001?section=politics\/all&amp;site=topnews01\"><span style=\"font-weight: 400;\">committed to defending<\/span><\/a><span style=\"font-weight: 400;\"> 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<p><span style=\"font-weight: 400;\">Democratic Party (DP) floor leader Park Chan-dae <\/span><a href=\"https:\/\/www.yna.co.kr\/view\/AKR20240513049700001?section=politics\/all\"><span style=\"font-weight: 400;\">criticized<\/span><\/a><span style=\"font-weight: 400;\"> 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<p><b>Why It Matters<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The escalating rhetoric among South Korean lawmakers over Japan\u2019s <\/span><a href=\"https:\/\/koreapro.org\/2024\/05\/diplomatic-tensions-rise-as-japan-targets-korean-tech-giants-chat-app-stake\/\"><span style=\"font-weight: 400;\">administrative actions<\/span><\/a><span style=\"font-weight: 400;\"> against Naver could compel the Yoon administration to adopt a tougher stance against Japan. South Korean foreign minister Cho Tae-yul <\/span><a href=\"https:\/\/www.mofa.go.kr\/www\/brd\/m_4080\/view.do?seq=374981&amp;page=1\"><span style=\"font-weight: 400;\">vowed<\/span><\/a><span style=\"font-weight: 400;\"> 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<p><span style=\"font-weight: 400;\">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<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/domestic-politics\/\"><span class=\"tag\">Domestic Politics<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/inter-korean-foreign-relations\/\"><span class=\"tag\">Inter-Korean &amp; Foreign Relations<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/technology-cyber\/\"><span class=\"tag\">Technology &amp; Cyber<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>South Korea\u2019s presidential office has committed to defending 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. [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2205079,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,27,28,29],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yoon administration faces pressure amid Japan\u2019s Naver move - KOREA PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2024\/05\/yoon-administration-faces-pressure-amid-japans-naver-move\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yoon administration faces pressure amid Japan\u2019s Naver move - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"South Korea\u2019s presidential office has committed to defending 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. 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