KoreaKorean Social Network Cyworld to Shutter U.S. ServiceAuthored by Mark Hefflinger on November 6, 2009 - 9:42am.
Los Angeles - Cyworld, a
Korea-based online social network owned by SK Telecom, has decided to shutter
its U.S.
service three years after launch, having failed to attract a large audience.
South Korea Approves iPhone for SaleAuthored by Mark Hefflinger on September 23, 2009 - 12:53pm.
Seoul, South Korea - Apple's (NASD: AAPL) iPhone is set to go on
sale in South Korea,
having been given approval for sale by the country's telecommunications
regulator, the Associated Press reports. Apple couldn't be reached by AP for
the story, and has not formally announced pricing or release details for the
iPhone in Korea.
Live Gamer Acquires Korean Micro-transaction Firm N-CashAuthored by Mark Hefflinger on July 29, 2009 - 10:18am.
New York - Live Gamer, a
provider of virtual goods and currency platforms for online game publishers, announced
on Wednesday that it has acquired N-Cash, a micro-transaction firm based in Korea.
Samsung Debuts E-book Reader Device in KoreaAuthored by Mark Hefflinger on July 27, 2009 - 11:20am.
Seoul
- Korean electronics firm Samsung has released a paperback-sized, $270 e-book
reader device in its home country, The Wall Street Journal reported. The
Samsung SNE-50K sports a five-inch touchscreen, but cannot connect to the
Internet wirelessly to download e-books. The company partnered with local
online store Kyobo to offer downloadable books via a PC connection. Samsung
told The Journal that the company is working on versions of an e-book reader to
sell in other countries, and is in talks with publishers and retailers.
Strict New Copyright Law Takes Effect in South KoreaAuthored by Mark Hefflinger on July 24, 2009 - 7:46am.
Los Angeles - South Korea implemented
a tough new "three-strikes" copyright law this week, which will
empower authorities to sever the Internet connections of repeat copyright infringers
for six months, TorrentFreak reports.
Google Bans Music Uploads on Korean Blogging ServiceAuthored by Mark Hefflinger on May 28, 2009 - 12:26pm.
Seoul
- Google (NASD: GOOG) has prohibited users of Textcube, its Korean blogging service, from
uploading songs to their blogs in the wake of new regulations against online
piracy, the Korea Times reported. New uploads have been blocked, while
previously uploaded songs are now accessible only by blog owners; posting song
samples is the only remaining option. Regulators will be empowered to shut down
websites in violation of the new provisions against file-sharing as of July.
eBay to Acquire Korean Commerce Site GmarketAuthored by Jay Baage on April 17, 2009 - 10:35am.
San Jose, Calif. - Hoping to sharply boost its business in Korea, online auction giant eBay said that it will pay up to $1.2 billion to acquire Korean e-commerce site Gmarket.
South Korea Adopts "Three-Strikes" Law on File-SharingAuthored by Mark Hefflinger on April 16, 2009 - 10:00am.
Seoul, South Korea - South Korea recently passed a new law
that will see the Internet connections of repeat file-swappers suspended or
disconnected, and also gives the government wide latitude in shutting down
sites that are found hosting even a few copyrighted files, Ars Technica
reported, citing a Korea Times article. France
and New Zealand
are currently looking to adopt similar "three-strikes" legislation
that compels ISPs to disconnect repeat file-swappers.
tags: Law | Policy | P2P | TV | Music | Korea | Movies | Copyright | User-Generated | Thrree-Strikes |
YouTube Korea Blocks Uploads in Wake of Anonymity LawAuthored by Mark Hefflinger on April 14, 2009 - 9:00am.
San Bruno,
Calif. - Google's (NASD: GOOG) YouTube has
disabled video uploads and comments in South Korea, in response to a new law in
the country requiring "real-name verification" for Web services with
more than 100,000 daily users, the company announced in a blog post. "We
believe that it is important for free expression that people have the right to
remain anonymous, if they choose," reads a translation of a post on
YouTube Korea's
blog provided by Google.
Citing Piracy, Warner Bros. Exiting Korean DVD MarketAuthored by Mark Hefflinger on November 12, 2008 - 1:10pm.
Los Angeles - Citing rampant piracy Warner Bros. (NYSE: TWX) is withdrawing from the DVD market in South Korea, according to the Wall Street Journal. The company plans to shutter its DVD operations there, and instead assign licensing and distribution rights to a local company. Warner Bros. recently launched a video-on-demand service in the region that is seeking to stem piracy by offering films before their official DVD release dates. Lifetime Acquires Korean Casual Games Firm Roiworld.comAuthored by Mark Hefflinger on November 10, 2008 - 11:08am.
New York - Lifetime Networks announced on Monday its acquisition of Roiworld.com, a Korean casual games and virtual dress-up site for teens. Warner Bros. Pre-DVD VOD in Korea Aimed at Curbing PiracyAuthored by Mark Hefflinger on October 3, 2008 - 10:36am.
Los Angeles - Time Warner's (NYSE: TWX) Warner Bros. Digital Distribution unit plans to try to curb piracy of its films in South Korea by making them available on video-on-demand systems two weeks before they are released on DVD in the country, Variety reports. "According to the Korean Film Council, more than 47% of people surveyed said they had downloaded movies from the Internet at least once," Harrison Lee, managing director of Warner Home Video Korea, told Variety. Google Acquires Korean Blogging Platform Firm TNCAuthored by Mark Hefflinger on September 12, 2008 - 8:44am.
Mountain View, Calif. - Google (NASD: GOOG) has acquired Korea-based blogging software platform company TNC for an undisclosed sum. OGPlanet Gets Funding for Imported Korean Online GamesAuthored by Mark Hefflinger on July 16, 2008 - 8:35am.
El Segundo, Calif. - OGPlanet, a publisher of multiplayer online games, announced on Wednesday that it has received an undisclosed sum of new funding from DFJ Athena, which the company said will be used for continued growth. China's The9 Forms Joint Venture With "Audition" Developer T3Authored by Mark Hefflinger on July 7, 2008 - 12:30pm.
Shanghai, China - Chinese online game operator The9 Limited announced on Monday that it will establish a joint venture with Korean game developer T3 Entertainment -- creators of the "Audition" massively multiplayer online game -- to further strengthen their partnerships in the areas of game development and publishing. Through the joint venture, The9 will be more proactively involved in the development of "Audition 2" and other titles, both for China and other international markets. Electronic Arts Buys Assets of Hands-On Mobile KoreaAuthored by Mark Hefflinger on May 22, 2008 - 8:19am.
Redwood City, Calif. - Video game developer and publisher Electronic Arts (NASD: ERTS) announced on Thursday that it will acquire the assets of Hands-On Mobile Korea, the Korean mobile game development unit of the U.S.-based company. Korea's LG, Samsung Team on Mobile TV StandardAuthored by Mark Hefflinger on May 14, 2008 - 10:22am.
Seoul, Korea - Korean electronics makers LG and Samsung announced on Wednesday that they have partnered to develop a new mobile TV delivery standard for the North American market, as the standards body for the region prepares to adopt a technology in early 2009. Casual Multiplayer Game Publisher Outspark Secures FundingAuthored by Mark Hefflinger on April 10, 2007 - 9:36am.
*A clarification has been made to the original version of this story. Korean YouTube Competitor Pandora TV Gets $10 Million From DCMAuthored by Jay Baage on April 2, 2007 - 9:48am.
Seoul, South Korea - Today, Pandora TV will announce a $10 million Series B funding round, led by DCM (formerly known as Doll Capital Management) - a Silicon Valley venture capital firm. Existing investors Altos Ventures, STIC International and Saehan Ventures also participated in the round. PandoraTV is a fast growing South Korean video-sharing website. It is already outpacing YouTube in Korea with more than 1.2 billion monthly page views.
Electronic Arts Takes 19% Stake in Korean Online Games Firm NeowizAuthored by Mark Hefflinger on March 20, 2007 - 11:22am.
Redwood City, Calif. - Video game developer and publisher Electronic Arts announced on Tuesday that it will invest $105 million for a 19% stake in Korean online game developer Neowiz. |
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