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Yahoo CEO Marissa Meyer continues purge, halts South Korea operations

Originally published: October 19, 2012 2:17 PM
Updated: October 19, 2012 2:21 PM
By BLOOMBERG NEWS

Yahoo is investigating reports of a security breach

Photo credit: Getty Images | Yahoo is investigating reports of a security breach that may have exposed nearly half a million users' email addresses and passwords. (April 4, 2012)

Yahoo! Inc. will shut its South Korea operations at the end of this year as chief executive Marissa Mayer focuses the company's resources on stronger units globally.

The Seoul-based operations "faced challenges" that had held back the company worldwide, Sunnyvale, Calif.-based Yahoo said Friday in a Korean-language statement emailed by a public relations agency hired by the company to represent...

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