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Yahoo Pulls Out Of South Korea
2012-10-21 10:38:06

redOrbit Staff & Wire Reports — Your Universe Online Yahoo has announced they will be closing down their South Korean web portal and ending their presence in the country by the end of the year. According to Jung-Ah Lee of the Wall Street Journal, Yahoo Korea released a statement Friday saying the company's operation in that nation had faced "a lot of challenges" over the past few years, and the website's poor performance there had "slowed Yahoo's overall business growth"...


Word of the Day
barratry
  • The offense of persistently instigating lawsuits, typically groundless ones.
  • An unlawful breach of duty on the part of a ship's master or crew resulting in injury to the ship's owner.
  • Sale or purchase of positions in church or state.
This word ultimately comes from the Old French word 'barater,' to cheat.
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