Cyworld, a controversial business leader, said, "It is not over until the end." He showed his intention to save Cyworld with 20 million memories.

Cyworld CEO Jeon Wan Wan told the Herald Economy today (9th) that he was looking for an investor to save the company, saying that he was paying taxes due to management difficulties and was shut down from the tax office.

In fact, Cyworld recently canceled business registration by the IRS and the service was virtually paralyzed. Normal login is not possible, and KT and other carriers are only maintaining the server.
However, the Ministry of Science and ICT is taking no action because it believes it is not in the closed phase.

According to the current telecommunications business law, additional telecommunications companies such as Cyworld must notify the user in advance and report to the Ministry of Science and Technology prior to closing.

An official of the Korea Communications Commission also said, "Currently, I am not in a closed state, and the company has asked me to watch over the next two to three weeks." However, he emphasized that Cyworld is responsible for data backup and management.
When the news became known, the netizens said, "I wish I could take over Cyworld and make a Korean-style Facebook or Instagram." And various reactions.

This is'News Pick'.

(Photo ='Cyworld' Twitter·Homepage, Yonhap News)