U.S. Internet company Yahoo stop South Korean service, out after 15 years in one of the high-tech countries in Asia area.
This plan was previously disclosed in October, when the executive Marissa Mayer announced that it will focus on strengthening the market.
"This decision is part of Yahoo's effort to focus on resources to enhance global business stronger,'' he said.
South Korea is the first Asian country to be left Yahoo, Yahoo Inc. said in a statement quoted by Reuters this weekend.
Company's Internet industry pioneer and the brand has been overshadowed by global competitors, including Facebook Inc. and Google in recent years.
South Korean service termination exit from the U.S. at a time when the company is trying to compete with Google and Facebook are successfully making a lot of users on the Internet and mobile Internet sector.
Yahoo Korea, which started business in 1997, has about 200-250 employees. Yahoo will stop online portal service in Korea in December.
In the South Korean market, Yahoo failed to beat local rivals such as NHN Corp, Daum Communications Corp., and SK Communications Co. You have read Yahoo stop South Korean Service
