Line must submit detailed reports to Japanese authorities explaining how it protects personal data, after employees at a China affiliate were found to have access to user information.
March 25, 2021The three digital only bank licences went to conglomerates led by Japan's LINE Group; Taiwan's Chunghwa Telecom; and Japanese e-commerce firm Rakuten Inc.
July 31, 2019'Line Bank' will be set up in partnership with up to five local partners to take deposits, provide loans, and sell mutual funds and insurance policies.
July 30, 2018Cryptocurrency exchange will be launched outside Japan, with application with Japan FSA still pending; Line Corp looking to capitalise on user base for payments, transfers and asset management services.
July 2, 2018Internet only banks must be at least 50 percent owned by a traditional lender, and subject to the same capital requirements.
April 30, 2018FSC may authorise Japan’s Line Corp and Rakuten to operate as full-service banks in Taiwan.
March 25, 2018