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Old 05-23-2007, 10:37 PM
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Default South Korea's top Web portal looking to expand

SEOUL, South Korea (AP) -- NHN Corp., South Korea's top Web portal, may seek to acquire an Internet company or to be taken over by a rival if that helps it become a global player, CEO Chae Hwi-young said.

''We're particularly interested in acquiring a company with advanced search engine technology,'' Chae told Dow Jones Newswires in an interview this week. ''Also, we don't mind becoming a takeover target if the case makes sense.''

NHN, dubbed South Korea's Google because it operates the top Korean-language search engine by both revenue and number of searches, hopes to expand its global presence through acquisitions and partnerships, the executive said.....

http://www.technologyreview.com/Wire/18777/
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