LINE acquires Korea-based cyber security company GrayHash

Sainul Abudheen
LINE acquires Korea-based cyber security company GrayHash

GrayHash will develop and optimise security solutions for LINE’s services, including messenger, fintech, AI, blockchain and the digital asset exchange

LINE Plus Corporation announced today that it has acquired GrayHash, an online security research centre specialising in ‘offensive research’ and counter-hacking techniques.

With the acquisition, Korea-based GrayHash has been renamed GrayLab and tasked with developing and optimising security solutions for LINE’s services, including messenger, fintech, AI, blockchain and the digital asset exchange.

As per the deal, CEO and Co-founder SeungJin Lee will continue to lead of GrayLab. Lee, the first Asian to be qualified for the finals of the Def Con CTF (Capture The Flag) in 2006, has previously served as an advisor for the Cyber Bureau of Investigation at the Seoul Eastern District Prosecutor’s office and the Korean military’s Cyber Command. He currently serves on the review boards for the security conferences BlackHat Asia and Code Blue.

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GrayHash is an offensive research-oriented corporation founded by a group of entrepreneurs, who have had a long history of experience in the field of security, successfully running international hacking contests, international hacking competitions and conferences. Its major customers are IT, electronics, games, messenger and mobile companies.

LINE Plus Corporation was established in March 2013 in South Korea as a subsidiary of LINE Corporation. It supports LINE’s global business development with programmers, designers, marketers, sales personnel and PR managers from around the world working together.

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