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Yahoo plans to end South Korea operations by the end of the year

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Yahoo Inc. said Friday it will close its South Korean operations by the end of this year, citing a challenging business environment as it struggles to compete in a market dominated by local web portals.

“The Korean operation has been faced with a lot of challenges and has slowed Yahoo’s overall business growth for the past few years,” Yahoo Korea, which began operations in 1997, said in a statement.

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It has been fighting an uphill battle against local web portals such as NHN Corp’s Naver and Daum Communications which account for the vast majority of search traffic in South Korea.

As of September, Naver led the local portal market with a 52 percent share, followed by Daum’s 34 percent. Yahoo Korea had a 1.5 percent share, according to South Korean market research data firm KoreanClick.

Its Korean website will be automatically linked to an English website from early next year, a Yahoo Korea official said.

Yahoo, based in Sunnyvale, California, has been struggling to compete globally against rivals such as Google Inc. and more recently Facebook Inc.

— Dow Jones Newswires contributed to this report —

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Amazon’s Jeff Bezos to donate $10 billion to fight climate change

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Amazon founder Jeff Bezos said Monday that he plans to spend $10 billion of his own fortune to help fight climate change.

Bezos, the world’s richest man, said in an Instagram post that he'll start giving grants this summer to scientists, activists and nonprofits working to protect the earth.

“I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change,” Bezos said in the post.

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Fox News reports wages rose faster under Obama than Trump after his campaign lashes out at predecessor

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In what was possibly a hint to remind people of his legacy this Monday, former President Barack Obama gave a shout out to the anniversary of his signing of the 2009 economic stimulus package.

“Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history,” Obama tweeted with a photo of his signature on the bill.

https://twitter.com/BarackObama/status/1229432034650722304?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed&ref_url=https%3A%2F%2Fwww.foxnews.com%2Fpolitics%2Ftrump-campaign-fires-back-after-obama-claims-credit-for-economic-boom

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‘Bill Barr is un-American’: The AG’s ex-boss explains his ‘twisted’ worldview — and why he must be ousted

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In a new piece for the Atlantic, a man who once supervised Attorney General Bill Barrpublished an incisive call for the head of the Justice Department to resign while outlining his disturbing view of executive power.

Donald Ayer, the former deputy attorney general under President George H.W. Bush, supervised Barr when he led the department’s Office of Legal Counsel in 1989 and 1990. After Ayer left deputy attorney general position in 1990, Barr replaced him and then became attorney general, a position he returned to in 2019 under President Donald Trump.

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