Cyworld Sells 300 Million Songs
KOREA TIMES — June 9 — Cyworld said that it has sold 300m songs after six years of service, adding 100m in only one year. Music has become an inseparable part of young Koreans’ online life, the company says. Cyworld charges 500 won ($0.5) for a song, meaning it has garnered over 100 billion won from the music business since beginning the service in July 2002. It did not confirm the exact revenue from its music business. FULL ARTICLE @ KOREA TIMES