Cyworld Shutting Down U.S. Service; So Much For $110 Million Earmark

Cyworld, the Korean social giant that could, finally couldn’t. At least not in U.S. It is shutting down its U.S. service, after three years of trying, according to a notice on its site. It will shut down in entirety on Nov 23. The service, owned by SK Telecom (NYSE: SKM), the biggest telecom firm there, entered U.S. in 2...