I just read an Article about Cyworld in Businessweek website that was published 2005.
Anyway, What is Cyworld? It looks like it---->
I can tell it is like "small e- society" such as Facebook or Myspace in U.S.
It is totallly free to have your own Mini-hompy( which is like your own facebook) , but SKT(which owned Cyworld) got profits from Cyworld about 50 million dollars on 2006, and I am sure that profit have gone up from that time . How could it be possible? As the article says, they sell dotori( which has a value like money; 1 dotori= about 10 cents) to the users who decorate their own miny-hompy with their choice of music, templates and text style...etc. So the profits are not only for Cyworld, but it is also for music and art industries that provide their work. There is one female singer who sold one of her songs for 6 dotori, and she earned about 100 thousand dollars in a month through only Cyworld. Isn't that great deal for her? oh, yeah. It is great deal for Cyworld too! Now, the Cyworld is seeking for another new item like the Dotori that increases their profit.
check out the u.s ver. of Cyworld>> U.S. Cyworld
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