A local version of MySpace launched April 15 in South Korea, where social networking services enjoy huge popularity.
"MySpace is committed to support this by collaborating with Korea's culture creators and IT talents," said MySpace co-founder Chris DeWolfe in a statement.
"MySpace will be the one and only platform that provides an opportunity for Korean users to easily meet friends around the globe, surpassing the hindrance of language and culture."
A MySpace Korea spokesperson says the SNS will initially focus on its music and television services.
MySpace Korea's April 15 launch party featured performances by local acts that already have MySpace pages, including Crying Nut, Clazziquai, Escola Alegria and Winter Play, as well as several local DJs.
Popular homegrown SNS sites include Daum Café and Cyworld, which launched in 1999 and claims some 20 million members.
Despite the competition, MySpace believes there is room for its service in Korea, citing its 200-million strong global community and its use of open-platform standards.