Motorola to pull out of South Korea in 2013, shed around 500 jobs

As part of its Google-led overhaul to become a lean and mean smartphoneoutfit,Motorola is pulling out of South Korea next year. Around 540 jobs will be lost, with 60-or-so staffers being offered a chance to relocate to the company’s R&D departments elsewhere. It’s not the first high-profile departure from the country this year, after HTC found it difficult to compete with the local superpowers – and we can’t imagine it’ll be the last.

Courtesy :   http://www.engadget.com/2012/12/10/motorola-to-pull-out-of-south-korea-in-2013-shed-around-500-job/