Korean Video Website Generates Revenue from 'Scrapping'
05th Nov 2007
Koreans discover that dispersing video clips around the internet can be lucrative thanks to a small user-created content site Uccc.co.kr that is turning internet business models upside down.
UCC Community, a small but growing Korean video based website is paying people who link to clips on its site.
"Users scrap the videos on to their own websites, and then people click through to the videos - the users can earn money that way," says Kim Jong-man, a 31-year-old entrepreneur who started the company with $500,000 of his own money in February.
People who scrap UCC Community clips on to their personal websites earn 10 US cents for 50 clicks. But it all adds up. One UCC member earns $5,000 a month by finding news clips and being the first to post them.
Source: ft.com
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