of Microeconomics class in KAIST. The objective isto analyze theitem market ofCyworld using concepts andtools that we learned from the class. Cyworldis one ofthe biggest web communities and its profits are heavily dependent on theitem market.
To collect data on the current status ofthe firm and how customers would react tothe new systems, we conducted survey for 200 people in KAIST. T
of Facebook and Twitter more sharply. The most largely activated SNS in the world is Facebook, and also Twitter is growing. In case of Korea, Cyworld, Naver's me2day, and Daum's Yozeum are competing.
Reason of Choice
Maybe everyone in class knows Cyworld, because we all use or used it. So we thought it's quite a familiar and interesting topic for us. In addition, we're going to mention Facebo
of contents sales. And from selling Cyworld acorn nuts, Cyworld supports credit cards, account transfers, non-money book deposits,mobile payments,OK CASH PAY, culture-gift cards, and other kinds of payment. Because of convenient payment, customers can easy buy without minimal inconvenience.
2. Diverse Product Selling
Cyworld mini homepage and mini room's skin provides different styles for d
is about Web 2.0 and UCC. In the essay, we will be looking at the characteristics ofWeb 2.0 and how it was developed to become theWeb 2.0 that we know oftoday. Then the meaning and characteristics of UCC will be discussed followed by the development process of UCC and its technical characteristics. In addition, we have examined examples that look very popular fortheWeb 2.0 and UCC. Moreover,
the needs to show users’ identites and gather to share their ideas, Cyworld became the most well-known internet distributor. Here, we would like to study about Cyworld’s strategies forthe future according to current market issues.
In 2002, there was an internet community leader, Freechal. It was so popular until they changed their free service to be charged. Users of Freechal disappointed a