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 SEOUL, South Korea (AP) - The co-founder of MySpace said he believes the popular online hangout is poised to succeed in South Korea after closely scrutinizing U.S. Internet services that have failed to make inroads in the Asian country.
Chris DeWolfe, in Seoul to oversee Tuesday's launch of MySpace's Korean-language site, said the company has created tools that cater to local cultural habits.
The Los Angeles-based firm is expected to face stiff competition from local social-networking sites such as Cyworld in a market that has typically shunned U.S. online services popular elsewhere in the world.
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