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Naver merged me2day, the Korean version of twitter

Posted: December 23rd, 2008, by Yunho Chung

Yesterday Naver(naver.com) announced that they merged me2day(me2day.net). Naver is Korean number 1 internet portal web site, whose market share is around 60%. me2day is micro blog web service which is similar to twitter(twitter.com).

Naver offered 2.2 billion won (around 1.6 million US dollar considering current exchange rate) for 100% of me2day’s share. The micro blogging service, me2day might be the most popular Korean web 2.0 service so far, its UV per month is 150 thousand. me2day is also providing mobile convergence service like mobile SNS, people can post short article or photo using SMS or MMS. Naver might strengthen their mobile web service through this deal.

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