Yahoo to Shut S. Korea Unit as CEO Mayer Focuses on Strengths
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Yahoo! Inc. will shut its South Korea operations at the end of this year as Chief Executive Officer Marissa Mayer focuses the company’s resources on stronger units globally.
The Seoul-based operations “faced challenges” that had held back the company worldwide, Sunnyvale, California-based Yahoo said today in a Korean-language statement e-mailed by a public relations agency hired by the company to represent it in the Asian country.