Google acquires Korean blog platform TNC
Published: 15 Sep 2008 08:46 BST
Google has purchased Korea-based blog platform TNC, co-founder Chang Kim wrote on his blog on Thursday.
The price of the deal has not been revealed.
TNC, founded in 2004 by Kim and Chester Roh, has created a blog software product called Textcube. An earlier TNC platform, Tistory, was sold to Korean portal Daum.
Google already owns a blogging platform, Blogger, which it purchased in 2003. However, Kim likened his company to Blogger rival WordPress (and its parent company, Automattic), the favourite of the open-source community.
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Kim also wrote that the acquisition is, in part, intended to help Google gain a bigger foothold in Korea.
"One piece of fact that my American friends have [a] really hard time perceiving is that Google is an underdog in this part of the globe," he said. "Korea is the world's sixth-largest market in terms of internet users, and yet Google has a market share that can only be described as minor in Korea."
However, Kim added that there is a place for Google in Korea. "I think the Korean web industry needs a player that can, as a balancing force, provide more options to the users and help create a more open web," he wrote.
Credit: Google buys Korean blog platform TNC from CNET News.com
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