Here is some interesting news for people who use Yahoo! services in Korea:
Yahoo Inc’s South Korean operation said on Friday it will quit the country, underscoring its struggle against Google Inc and local competitors expanding aggressively into mobile advertising and online services.
South Korea is the first Asian country Yahoo is leaving, the firm said. An industry pioneer and household Internet brand, it has been overshadowed by global rivals including Facebook Inc and Google in recent years.
“Yahoo has faced several challenges in the past couple of years and decided to pull out of the (Korean) business to put more resources on global business and become more powerful and successful,” Yahoo said in a statement.
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. [Reuters]
Reading the whole article I do not know if people who use Yahoo! Korea’s e-mail service will have their account deleted or not at the end of the year. It seems like it would make sense for Yahoo! just to keep those e-mail accounts operating and move it over to their US e-mail servers. If anyone knows what Yahoo! plans to do please leave a comment.