Soribada P2P to convert: Better late than never

Filed in archive Companies on February 28, 2006

Soribada, a Korean P2P developer, will convert to an authorized paid service on April 1. The settlement includes a $8.75 million fine.

Soribada launched in 2000 with a server-based architecture like the original Napster. Unlike RIAA and Napster, the Korean Association of Phonogram Producers' (KAPP) legal progress was markedly slower. A multi-year suit finally resulted in the service being closed last year.

More from the article:

Law-enforcement officials ordered the local peer-to-peer (P2P) service pioneer to terminate their file sharing software and servers in November, 2005, two years after KAPP filed a suit against the company.

Soribada was developed in 2000 by Yang Jung-hwan and grew to become the most popular P2P music-sharing service in South Korea with more 22 million registered users.