INTERNET.COM TO LAUNCH 12th INTERNATIONAL EDITION--KOREA.INTERNET.COM(Darien, CT--January 10, 2000)-- internet.com (Nasdaq: INTM), The E-Business and Internet Technology Network, today announced plans to launch a Korean edition of its Network of Web sites and related media properties. The Web site, korea.internet.com (http://korea.internet.com), will feature original Korean content written by local journalists, as well as content from the North American edition and will be offered in the Korean language. The site is expected to launch in March 2000.
The Korean network is a joint venture between internet.com Corporation and Mirae Corporation (http://www.mirae.co.kr/). Mirae also operates Lycos Korea, a joint venture formed with Lycos Corp. (Nasdaq: LCOS).
"korea.internet.com will profile the flourishing Internet industry in Korea, as well as the major e-commerce and Web developments occurring worldwide," said internet.com chairman and CEO Alan M. Meckler. "internet.com continues to be a leading global destination for professionals needing information resources relevant to the Internet industry."
"korea.internet.com will be one of the first vertical business to business Web sites in the Korean market," said Chung Moon-soul, Chairman and CEO of Mirae Corporation. "By partnering with the world's leading Internet news network, we expect korea.internet.com to become Korea's premier information/commerce hub for the burgeoning Internet industry."
Korea is one of the world's fastest growing online markets. According to Korea's Ministry of Information and Communication, the number of Korean Internet users by the end of 1999 exceeded 7 million and is expected to increase to over 20 million by 2003. The size of the e-commerce (business to consumer) market in Korea is expected to reach US$4 billion by 2003.
internet.com's global network of Web sites includes: asia.internet.com, arabia.internet.com, australia.internet.com, canada.internet.com, china.internet.com, israel.internet.com, france.internet.com, germany.internet.com, japan.internet.com, southafrica.internet.com and uk.internet.com.
Founded in 1983, Mirae Corporation (Korea Stock Exchange: 25560 -- Nasdaq: MRAE) is a leading semiconductor equipment and technology company that is diversifying its business to become a major Internet force in the Asia region. Four years ago, Mirae started Softforum, an annex research institute, which now provides the Korea financial market with security solutions in electronic commerce and network security systems. Through a joint venture with Lycos Corp., Mirae established Lycos Korea, the regionŐs fastest growing and most diversified portal site. The company also has several investments in Korean Internet related companies and has begun an Internet incubator & accelerator complex. Mirae holds several patents and has received numerous awards in the areas of software and technology development. The company has also been cited by the Daishin Economic Research Institute and Korea Management Association as the most financially stable company among KSE listed companies.
internet.com Corporation (http://www.internet.com), based in Darien, Connecticut, is a leading provider of global real-time news and information resources for Internet industry and Internet technology professionals, Web developers and experienced Internet users. internet.com operates a network of 89 Web sites, 71 e-mail newsletters, 101 online discussion forums and 75 moderated e-mail discussion lists with over 2 million unique visitors that generate more than 90 million page views monthly. Total "views", which include Web site page views, e-mail newsletter views and e-mail discussion list views, are now over 150 million per month. In addition, internet.com with its related internet.com Venture Fund I and Venture Fund II is an investor in a growing number of business-to-business content sites and related Internet media properties.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding internet.com Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Prospectus dated June 25, 1999, Annual Report or Form 10-K for the most recently ended fiscal year, when available.
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