Business 2.0 Publishes Its Choices for the Best Business Ideas in the World 2006; Third Annual Roundup of Global Business Ideas That Can Be Applied in

This is a story about Cyworld because it will soon be here (if there is a here in the virtual world...) but I found the format of the Business 2.0 magazine to be quite interesting. It has the full color of print, works quickly though it is based on a Page Turning model. Check it out.Business 2.0 Publishes Its Choices for the Best Business Ideas in the World 2006; Third Annual Roundup of Global Business Ideas That Can Be Applied in the U.S. Marketplace: "'Cyworld Attacks,' by Erick Schonfeld. Cyworld is South Korea's most popular social network, a strange blend of Blogger, Flickr, and videogame-like avatars. There are 18 million Cyworld members, or more than a third of the country's entire population. With 90 percent of all Koreans in their 20s having signed up, Cyworld's per capita penetration in South Korea is greater than that of MySpace in the United States. The bulk of the site's revenue comes from the sale of virtual items worth nearly $300,000 a day, or more than $7 per user per year. By comparison, ad-heavy MySpace makes an estimated $2.17 per user per year. The battle between Cyworld and MySpace is about to begin, as Cyworld is launching a U.S. version in August. 'There are many social-networking services in the U.S.,' says Hyun Oh Yoo, CEO of SK Communications, Cyworld's parent company. 'But their quality is not as high as Cyworld.' -- Page 84"

tags technorati : cyworld