Well at least they're not shutting it down and giving up. It looks like a strategic retreat. ;)
In a sense it's unfortunate that they weren't able to make more headway. That might have given other companies an idea how to get their foot in the door of the Korean market. However, if the Korean MySpace is anything like the Japanese version I can understand why they weren't all that successful. They're playing against the 800 lbs. gorilla who has been entrenched in the market for years....and simply does it better.
well they did note they aren't integrating any of the local employees. that sounds like a surrender more than a retreat. but who knows? I'm sure they think they can always come back if the market conditions are right... problem is I don't see anytime soon where the market will change enough -- or THEY will change/upgrade enough-- to be relevant here.
However, I do agree---would be nice to see some more and different competitives services. No one likes a gorilla in the room (unless you own stock. LOL).
I think that IS happneing slowly but surely. but I dont' think its gunna happen with some big bad international corp coming in and just "doing its normal thing" (that it did elsewhere)but doing it here. I see more small, fast and flexible companies coming in and doing it from the inside out. And/or small and fast IDEAS coming in and it opening up the environment to be more conducive for theother players down the road. if that makes sense (sorry multitasking. :p)
[edited by: GrendelKhan_TSU at 8:19 am (utc) on Feb. 6, 2009]