PANews reported on March 28 that LY Corporation announced that since March 12, 2025, there have been media and social media reports that the company has reached a business cooperation with the operator of Soneium. However, LY Corporation stated that although Soneium announced plans to expand its business by using LINE API and LINE MINI Apps on the same day, the two parties have not established any business partnership. In addition, LINE NEXT Inc., a subsidiary of LY Corporation Group, operates the Web3 platform business and launched the global service Dapp Portal based on LINE Messenger and Kaia Blockchain on January 22, 2025.

It is reported that LY Corporation is a subsidiary jointly established by South Korea's Naver Group and SoftBank Group.