Following Lycos’ sale to Korean portal Daum, here’re some reactions and comments:

-- Asia Times: “I think it’s the right time for Korean Internet companies to make inroads overseas,” Daum CEO Lee Jae-woong said in a conference call with analysts. “In South Korea, high growth in the domestic Internet market may continue over the next three years, but the question is whether the growth will persist over the next 10 to 20 years,” he said.

-- Korea Herald: We plan to turn Lycos back to black in two years,” he added. Daum said it will create an online community service in Lycos next year, extending the success of its Korean business which has more than 37 million users for its online community services called “cafes.”

-- OhMyNews: Industry observers doubt the wisdom of acquiring the ailing American portal when its main business in the fiercely competitive Korean market falters behind other strong competitors. While Daum rested on its laurels for several years as the largest portal in Korea, Naver and Nate.com have rapidly caught up with Daum with their focused strategy on keyword advertising and the phenomenally popular personal homepage service, Cyworld respectively.

-- Formal press release announcing the deal…