Daum (Korean: 다음) is a South Korean web portal. It offers many Internet services to web users, including a popular free web-based e-mail, messaging service, forums, shopping, news and webtoon service. The word "daum" means "next" and also "diverse voices".
Type of site
The popularity of Daum stems from the range of services it offers, but also from the fact that it was the first Korean web portal of significant size. Its popularity started when it merged with the then most popular e-mail service, daum.net or hanmail.net. After the merging, Daum started the forum service Daum Cafe which brought its firm status in the market. Daum received the eighth highest trust rating in a 2020 Reuters Institute survey of selected South Korean media outlets.
The former Daum Communications Corporation (Korean: ㈜다음커뮤니케이션) was founded in 1994 by Park Geon-hee and Lee Jae-woong, and the company launched the namesake portal in May 1997 making it the first South Korean web portal, four months earlier than yahoo! Korea.[a]
On August 2, 2004, Daum announced the purchase of Lycos for $95.4 million, and closed the transaction on October 6. As part of a corporate restructuring to focus on mobile, social networks and location-based services, Daum sold Lycos for $36 million in August 2010 to Ybrant Digital, an internet marketing company based in Hyderabad, India.
The company also develops and distributes the freeware media player PotPlayer. In addition to its freeware media player (Daum tvPot), Daum Communications Corp. provides variety of services such as clouding service (Daum Cloud), Daum Dictionary (applicable on mobile devices), Daum Comics, and map service (Daum Maps).
Daum has about 874 employees as of March, 2009 and is the 2nd largest web portal service provider in South Korea in terms of daily visits.
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