LINE is a messaging and communication app that lets users make free calls and send free messages. It offers text messaging, voice and video calls, group chats, stickers and official channels, and forms part of a wider service ecosystem that includes payments and news. LINE is available through the App Store and Google Play and is delivered as a hosted service by LY Corporation, known as Line Corporation until 2023. According to Wikipedia, end-to-end encryption has been enabled by default since July 2016.
LY Corporation is headquartered in Tokyo. It is owned through A Holdings, a joint venture of SoftBank Corporation and Naver Corporation, which holds the majority of Z Holdings, the parent of LY. The software is not open source. According to Wikipedia, user data has been held on servers in Japan and South Korea, with a planned move to Japan. No publicly confirmed storage location in the EU was found. For a European organisation this means that data falls under foreign jurisdiction and that storage location and transfers need separate assessment.