Yahoo! Closes Korean Service at the End of 2012

December 31 news, according to foreign media reports, Yahoo has been scheduled to close the Korean market by the end of 2012. The Yahoo Korea branch’s website issued a notice detailing the situation to users, and Yahoo's service in South Korea will be closed today.

Yahoo announced plans to withdraw from the Korean market as early as October this year. At the helm of former Google executive Meyer, Yahoo is undergoing business restructuring. It is predicted that Yahoo's withdrawal from South Korea will increase Yahoo's $94 million spending and 200 layoffs.