Yahoo Says Goodbye to South Korea

Yahoo on Friday announced plans to cease business operations on South Korean. For Reuters, the news underscores the company’s “struggle against Google and local competitors expanding aggressively into mobile advertising and online services” in the region. “An industry pioneer and household Internet brand [in South Korea], it has been overshadowed by global rivals including Facebook Inc and Google in recent years.” Launched in 1997, Yahoo Korea is wholly owned by Yahoo.

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Tags: asia, yahoo
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