Yahoo! Inc. (NASDAQ:YHOO) Quitting South Korea
Yahoo! Inc. (NASDAQ:YHOO) has finally came to an end in South Korean market todayhowever, this is the part of company’srenewed strategic planprovided by newCEO Marissa Mayer.
Furthermore, South Korea is the first Asian market that is abandoned by email giant after serving the nation for about little more than a decade. However the company was feeling encroached from the local competition, which was causing the company’s profitability to decline significantly in past few years.
Moreover, the strategic planning of YHOO allowed the company to quit less developed market in order to focus on developed and strengthened business zones worldwide, Additionally, Yahoo! Inc. (NASDAQ:YHOO)’s major plan is to reorganize its businessin such a way that it can allow it to obtaincompetitive advantage in the markets internationally, therefore,YHOO opted to forego its activities in Korea.
Previously, Yahoo! Inc. (NASDAQ:YHOO )cut its losses in Chinese market under the same plan that worked in Korea now, due to this reasonanalysts are predicting furious attacks from the company in the market of US, UK and other nations in that zone in near future.Still, the results of these strategic actionscan be witnessed in coming few moths most probably.
Yahoo! Inc. (NASDAQ:YHOO) gained today with a previous 52-week high of $19.75. The stock was trading on below-average volume. The stock is trading at a volume of 4.93 million shares at a price gain of 0.46%. The share price is now up24.92% for the past three months. Latest closing price was 8.03% above its 50-day moving average and 21.73% above its 200-day moving average.
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