[THE INVESTOR] Park Su-man, CEO of music streaming service firm Beatpacking Company, is expected to return to Naver as he is joining Line Plus, the Korean office of the Japan-based mobile messenger operator Line.
According to news reports on Dec. 8, Park’s relocation comes after he shuttered the free mobile music service Beat on Nov. 30 after failing to find sustainable profit models.
He launched Beat in 2014 with funding from several investors, including Naver.
Prior to that, he worked for Naver after his social networking service Me2Day was acquired by the internet giant in 2009. One of his key projects include Line Band, the group communication app.
The news reports said Park will be working with Shin Joong-ho, chief of Line Plus that is 100 percent owned by Tokyo-based Line, to develop mobile services running on the immensely popular mobile messenger app.
By Kim Young-won (firstname.lastname@example.org)