LY Corporation Denies Soneium Partnership Rumors

LY Corporation has issued a statement to address recent market speculation and misinformation regarding a potential business partnership with Soneium, a subsidiary of Sony. The company has clarified that despite reports circulating since March 12, 2025, on various media and social platforms, there is no established business partnership between LY Corporation and Soneium.

LY Corporation emphasized that while Soneium has announced plans to expand its business through its platform using the LINE API and LINE MINI Apps, the two companies have not entered into any formal collaboration or agreement. This clarification is part of LY Corporation's efforts to maintain transparency and accuracy in its communications with stakeholders, ensuring that all parties are well-informed about the company's business activities and partnerships.

LY Corporation's subsidiary, LINE NEXT Inc., operates a Web3 platform business and launched a global service Dapp Portal based on the LINE Messenger and Kaia blockchain on January 22, 2025. This initiative highlights the company's focus on innovation and its commitment to leveraging blockchain technology to enhance its services.

The clarification from LY Corporation is a proactive measure to address the rumors and misinformation that have been circulating in the market. By providing clear and reliable information, the company aims to maintain the trust and confidence of its partners and the public. This commitment to transparency is crucial for LY Corporation as it continues to expand its business and explore new opportunities in the Web3 space.