Visible Future 2: Korean Ohmynews raking in the bucks

Asia Times (via editors weblog) reports that OhmyNews is generating almost US$500,000 a month in advertising revenue. Ranked in the top 15 in South Korea, only 20% of the site’s copy each day is written by staff journalists.
According to Asia Times columnist James Borton, ” By 2005, eMarketer, a New York-based online research corporation, estimates that South Korea will have more than 34 million Internet users, accounting for more than two-thirds of the population. ”