Cyworld Chalks up $80M in 2006

According to GameStudy.org SK Communications, the company behind the massive online community of Cyworld recently merged with Empas, Korea's largest search engine. A quick look at SK Communications' revenue profile for 2006 shows that Cyworld is their biggest earner, having cleared them US$80 million last year. The sale of virtual assets beat out both advertizing and the sale of real-world assets via e-commerce. This is a clear demonstration of the potential of the micro-payment model in social networks of all kinds.