Line Founder Named Co-Chief Executive as Japan Goes Cashless
- Shin Jung-ho promoted to co-CEO, joins Takeshi Idezawa
- Payments seen as crucial to sparking growth at Japanese firm
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Line Corp. is elevating its founder to co-chief executive officer as Japan’s largest messaging service looks to reignite growth by tapping into the country’s push to go cashless.
Shin Jung-ho’s promotion will take effect from April 1, the Tokyo-based company said in a statement on Thursday. Along with CEO Takeshi Idezawa, he is part of a triumvirate that also includes Chief Strategy and Marketing Officer Jun Masuda.