Yahoo reportedly to pull out of South Korea

Yahoo reportedly to pull out of South Korea

PanARMENIAN.Net - Yahoo Inc's South Korean operation has decided to pull out of the country and end its local Internet portal service in December, Reuters reported citing Yonhap news agency.

"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," the agency quoted Yahoo as saying in a statement.

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