ECONOTIMES - Cyworld, a social media platform in South Korea, revealed that it has launched a new kind of service offering called the "digital inheritance." This would allow the families of departed social media users to inherit or take over their loved ones' digital data. All members of the family will be given access to all the published videos, photos, and even the diary of the deceased.
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Cyworld Introduces 'Digital Inheritance' Service for Accessing Digital Data of Departed Loved Ones
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Cyworld to Return With Launch of Cryptocurrency 'DTR'
KOREA HERALD - Cyworld, the dominant social networking site in South Korea throughout the 2000s before the era of Facebook, is set to reopen Apr 2 as a social networking platform where users can use cryptocurrency to decorate their virtual spaces. The Cyworld operator also unveiled a plan for launching its first-ever cryptocurrency called DTR to create a global lifecycle blockchain ecosystem. Cyworld Z is also planning on incorporating the NFT platform business.
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Cyworld Aims to Revive Past Glory With Metaverse
KOREA HERALD - Cyworld will make its grand comeback as the metaverse platform "Cyworld Hancom Town," downloadable via both Google and Apple's app stores, as well as the local One Store, barring further hiccups in its plan.
by Yoon Min-sik
See full article at Korea Herald
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Cyworld, Hancom Form Strategic Partnership for Metaverse Project
KOREA HERALD - The once-popular social networking service Cyworld signed a strategic partnership with Hancom, an office suite software developer in South Korea. The partnership takes the form of a virtual meeting room for which Hancom will provide technical support for web editing, cloud, payment, and meeting services.
by Park Ga-young
See full article at Korea Herald
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Cyworld Z Allows Users to Search for Their Old IDs
KOREA JOONGANG DAILY - Aug 3 - Cyworld, Korea's popular social network, was resurrected with some features offered to a select few. The service switched on in a beta version that allowed users to search for their old IDs. The personal information had been transferred from Cyworld to Cyworld Z for old photos and other content to be retrieved. People whose accounts still had dotori were allowed to refund it through Aug. 31. The old dotori can not be used in the future.
by Lee Tae-Hee
See full article at Korea Joongang Daily
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Revived Cyworld to Feature Immersive Metaverse Shops
THE KOREA HERALD - July 15 - Cyworld Z, the 2021 revival of the once-popular homegrown social networking service of the same name, will feature immersive virtual shops utilizing its metaverse platform in partnership with local retail giant GS Retail. Cyworld Z invested a total of $6M in refurbishing the old platform. GS Retail said it would use Cyworld's new metaverse platform to secure millennial and Generation Z customers.
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Cyworld, Social Network That Swept Korea Pre-Facebook, Reopens
THE KOREA HERALD - July 6 - Cyworld, the dominant social networking site in South Korea before the era of Facebook throughout the 2000s, was set to reopen. Cyworld Z, the company that bought Cyworld in January this year, said it had recovered some 17B photos and ~100M videos stored in the old servers. Cyworld Z spent $6.2M over 6 months leading up to its rebirth.
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Cyworld Z Readies for Restart With Username Search and Virtual Cash Refund
PULSE NEWS - Apr 27 - Cyworld Z Co, the new owner of Cyworld (a top social media site in Korea in the early 2000s), will assist past users of once-dominant pioneering social networking sites to find their old user IDs and redeem their digital token called Dotori. Cyworld had 11M users and Dotori balance worth $3.4M when it shut down service in Oct 2019.
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Cyworld To Close International Service
TELECOMPAPER - Jan 13 - Korean social network Cyworld will close its international service next month as it fails to compete against global competitors but will continue to offer Cyworld's domestic service. The company launched international services in 7 languages in late 2011. However, the company was slow to move to mobile and a major security breach saw it lose subscribers to other social networks.
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Korean Social Networks Struggling To Survive
KOREA TIMES - Nov 14 - Facebook and Twitter dominate the Korean SNS market. The nation’s portal giant Naver will close me2day in June next year. me2day once surpassed Twitter in terms of users with 30M visitors in 2009. The nation’s second-largest portal Daum terminated Yozm in August, and SK Communications closed Clog earlier this month. As a result, Cyworld is the only local SNS still available.
by Chung Hyun-chae
See full article at Korea Times
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Mobile Internet Sidelines Cyworld
KOREA TIMES - Aug 13 - SK Communications, the company that runs search engine Nate and social network Cyworld, posted an 8.15B won ($7M) for the Q2, a third-straight quarter of deficits. The decline was due to the low sales of “chestnuts,” or cyber money used at Cyworld, which was once called the “national SNS” by people in Korea. Cyworld has been in danger of losing its grip due to Facebook and Twitter, which are gaining wider popularity due to their strong interconnectivity with mobile platforms.
by Cho Mu-hyun
See full article at Korea Times
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Cyworld Hopes To Make Comeback With Redesigned Global Service
KOREA TIMES - Nov 27 - Cyworld, once a social networking phenomenon in Korea before losing ground to Facebook and Twitter, vowed to make a comeback. Cyworld believes there still is a need for a new social network that cares less about information, and more about people and users.
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Cyworld's Battle With Facebook
AFP - Dec 16 - Bullying is a big problem in social networks. But South Korea's top social network Cyworld is touting several distinctive features -- including making people prove who they are in the real world before they can join their virtual one. Cyworld, founded in 2001, now has ~20M users. In June, Cyworld had 22M visits a month, Twitter 5.1M and Facebook 2.2M. Last month, Cyworld had 18M visits, Twitter 7.4M and Facebook 6.7M. Despite the trend, Korean Click, the local market research group, says it expects domestic social networks to raise their game and compete more dynamically. Cyworld is trying to do just that. Two months ago it introduced the C-Log, incorporating some features of Facebook and a Twitter-style short message service, to meet the competition. FULL ARTICLE @ AFP
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Facebook Quadruples In South Korea To 2 Million Users
INSIDE FACEBOOK - Nov 4 - South Korea was one of the four markets Mark Zuckerberg identified as top priorities for the next two years. Thanks to government policy, South Korea has the fastest broadband speeds in the world and leads other developed nations in Internet penetration. Cyworld is one of the biggest daily destinations for the country’s ~40M Internet users. Cyworld has ~16M unique visitors every month, according to Google Ad Planner, to Facebook’s ~1.7M active users. FULL ARTICLE @ INSIDE FACEBOOK
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Cyworld Shutters US Site
TECH CRUNCH – Nov 5 – Korean based CyWorld, a massive virtual world, is closing down its site in the U.S. For unknown reasons. The service was first launched in the U.S. in 2006 and is estimated to be the 12th most valuable social network in the world, though its U.S. operations catered to only 112,000 visitors a month. CyWorld is in the process of issuing refunds for unused Acorns, their version of virtual currency. FULL ARTICLE @ TECH CRUNCH
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