Yahoo Korea Will be Closed

The news is surprising this time coming from the giant Yahoo. Tough decisions must be taken by the company's internet, it said that there had to shut down his business in South Korea

Crowded market dominated local web portal is the reason behind the decision. "Operations in Korea face many challenges and weaken Yahoo bussiness overall growth in recent years." Yahoo Korea said in a statement.

From some of the information, local portals such as Naver and Daum Communications Corp. is dominating the search traffic in the state's K-Pop. In September, the Korean portal Naver leads the market with 52% market share and Daum Communications Corp. 34% were for Yahoo Korea itself only works in the number range of 1.5% only.

Yahoo entered Korean territory in 1997. Starting early next year, the site "version" Korea will be automatically rendering the UK site. And not only have to face tough competition there, a company based in Sunnyvale, Calif. It also had to contend with competition from global rivals such as Google Inc. and Facebook Inc. who is currently also being intense, vigorous in making new innovations in cyberspace.