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Games & Commerce

Line Games withdraws shareholder-allotted rights offering, citing market conditions

Line Games has withdrawn its planned shareholder-allotted rights offering, saying the decision followed a comprehensive review of internal and external market conditions. The company filed a revised disclosure on Sept. 15 to cancel the capital increase plan, halting the offering. A company official said the board resolved to withdraw the plan after close examination. The company also denied any connection to a lawsuit between Line Yahoo (LY) and Lungo Entertainment, saying the purpose was consistently to raise operating funds.

People & Appointments

Broadcast Media Communications Commission delivers farm products to child welfare facility ahead of Chuseok

South Korea's Broadcast Media Communications Commission said on Sept. 15 it bought agricultural and livestock products at a traditional market ahead of the Chuseok holiday and delivered them to a child welfare facility. Chairman Kim Jong-cheol visited Bakdal Market in Anyang, Gyeonggi Province, buying fruit, meat and rice cakes and hearing merchants' difficulties. The items were delivered to Anyang's House, with the commission’s civil servants' union chief joining the visit.

Telecommunications & Media

LG Uplus moves Ixio call transcripts to overseas servers for AI upgrades

LG Uplus will process transcripts of users’ calls on its AI calling app Ixio on overseas servers operated by Microsoft and Google. The company said it will use only de-identified data when both parties to a call agree. It revised its privacy policy to add the transfer of de-identified call transcripts to Microsoft and Google LLC, effective from Sept. 14. Data will be kept for 18 months and then destroyed.