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Yahoo exiting South Korea

     
5:59 pm on Oct 19, 2012 (gmt 0)

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Already posted in Yahoo Corporate Forum [webmasterworld.com]
11:02 pm on Oct 19, 2012 (gmt 0)

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Yahoo to exit South Korea in first Asian pullout [uk.reuters.com]

Yahoo Korea, which started business in 1997 and is wholly owned by the U.S. search company, has around 200-250 employees in South Korea. It will terminate Korean online portal services in December, the company said.

In the South Korean market, it has failed to beat local rivals such as NHN Corp, Daum Communications Corp and SK Communications Co.
 

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