Saturday, December 14, 2013

Thanks to "LINE", This Man be Rich in Korea

Thanks to "LINE", This Man be Rich in Korea
Lee Hae-Jin, founder and leader of the internet portal, Naver Corp., now entered the ranks of billionaires in South Korea. His success cannot be separated clearly from the booming instant messaging Line.

Lee Hae-Jin has 4.6 % shares in NHN Naver and Entertainment. The two companies that have gone public finances posted a pretty good, so that Lee reportedly gets $ 60 million in dividends in the last 10 years.

In August, the internet giant NHN Entertainment and Naver separates into two distinct businesses. NHN focused on the online gaming service, while focusing on the Naver portal and mobile services, including Line.

Line that embraces popularity, helped lift Naver Corp. foam on the floor. Noted, the company's stock price has touched 460 thousand won or USD 437 per share.

Excerpted from Forbes, Lee is one of the richest men in Korea. He entered in the 34th with a fortune of USD 575 million in April.

Line has become a mine of money for most of the wealth coffers Lee. This messaging user growth has skyrocketed in the three major countries that they conquered Thailand, Japan and Taiwan.

Not like WhatsApp, Line is free for download. Line could successfully dig money from sub application, such as selling emoticons, Line cameras, and gaming applications.

Line itself was launched by Naver Japan in June 2011. This application has 100 million users, the first in January 2013. Imagine, Facebook and Twitter took more than 49 months to get that number. Line claims until November 2013, the number of application users has reached 300 million users. Grow three times more than two years ago.

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