Internet company Yahoo! Inc. to complete the closure of its subsidiary in South Korea on December 31, 2012. This is done by closing permanently on Yahoo! sites South Korea version.
Visitors accessing the site will be directed to open Yahoo! sites by default based in the United States. This closure has been was proclaimed two months ago by the Chief Executive Officer of Yahoo!, Marissa Mayer.
After 15 years of opening an Office with about 200 employees, the business rate of Yahoo! in the South Korea disadvantage. Until closure, Yahoo! is estimated to be only one percent market share in South Korea.
Moreover, some local companies also offer similar services and attracting visitors in large numbers, such as NHN Corp. and Daum Communications Corp., which operates the naver.com and Daum.net.
According to the statistical data of KoreanClick, Yahoo! is not included in the top ten most visited sites. While the Naver and Daum arrival visitors about 31.6 million and 28.3 million in November alone.
Other foreign companies, such as Motorola Mobility, the origin of the United States, and HTC Corp, Taiwan origin, has also announced plans to leave the South Korea because hard-pressed local manufacturers such as Samsung and LG.