The parent company of the LINE messaging app is considering listing the business on the US stock market, South Korea’s Yonhap News reports.

A senior official from portal operator Naver (previously known as NHN) said it is considering the possible listing for the app business, which was launched through its Japanese division in 2011.

Whang In-june, Naver CFO, told reporters that the division can generate profits if its user base exceeds 300 million. However, he noted that it must attract more users in the US and South America to make a US listing viable.

He added that the company is looking at various options to grow the messenger service, and has also not ruled out listing in Japan.

Tencent recently denied it has plans to spin off its WeChat messaging business.

Earlier this month, Akira Morikawa, LINE Corporation CEO, said the company is targeting 300 million users “within 2013”. To achieve this goal, it has been marketing its services globally with joint promotions in Indonesia, Malaysia and Mexico.

LINE is available in 231 countries in 16 languages and reportedly passed the 200 million user mark in July with particularly strong growth in Japan, Thailand, Taiwan, Spain and Indonesia. The business reported a 349 per cent year-on-year increase in revenue for the second quarter.