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Japan's Line Corp to establish bank in tie-up with Mizuho: source

Published 11/27/2018, 12:10 AM
© Reuters. FILE PHOTO - Logo of Line Corp is seen at the company's headquarters in Tokyo
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TOKYO (Reuters) - Japanese mobile chat app operator Line Corp (NYSE:LN) will tie up with Mizuho Financial Group Inc to establish a bank, a source with direct knowledge told Reuters on Tuesday, declining to be identified because the plan is not yet public.

Mizuho is scheduled to hold a news conference at 3:30 p.m. (0630 GMT) to brief on a new business. Officials at the bank were not immediately available to comment on the tie-up with Line, which was first reported by public broadcaster NHK.

© Reuters. FILE PHOTO - Logo of Line Corp is seen at the company's headquarters in Tokyo

Line did not immediately respond to a request for comment.

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