Monster Worldwide Acquires Korean Online Recruitment Leader JobKorea.co.kr; Strategic Transaction Expands Company's Global Footprint and Asia Pacific Presence

The strategic acquisition of JobKorea, the largest recruitment website in South Korea, gives Monster the leading presence in one ofAsia's largest online markets and combines two Internet leaderscommitted to expanding online recruitment throughout Asia. Thetransaction strengthens Monster's leadership position in the onlinerecruitment market across Asia and expands upon the Company's strategyof leveraging Monster's industry leadership, experience and resourcesglobally.

"The acquisition of JobKorea marks a significant step in Monster'sglobal expansion strategy and immediately establishes us in one ofAsia's fastest growing markets," said Andrew J. McKelvey, Chairman andCEO of Monster Worldwide. "JobKorea's strong category leadership,efficient eCommerce model, and proven track record of execution arepowerful assets that will greatly contribute to Monster's continuedgrowth in the Asia Pacific region."

This transaction follows Monster's strategy of expanding itsreach, global footprint and capabilities in key Asian countries thatrepresent a growing force in the world's employment markets. SouthKorea represents the seventh largest Internet market in the world withmore than 32 million people online; approximately 70% of the nation'spopulation actively uses the Internet and more than 85% of KoreanInternet users have broadband access. Monster's current Asianoperations serve India, Singapore and Hong Kong, and the Company holdsa 40% equity investment in ChinaHR.com, which serves the region'slargest and fastest growing Internet economy.

"We worked hard to establish JobKorea as Korea's number onerecruitment web site," said Hwa-Soo Kim, CEO of JobKorea. "This marksboth a milestone and an evolution for our business, employees, andusers. Most importantly, we believe that employers and job seekers inKorea will benefit from aligning with Monster, the world's leader inonline recruitment."

Founded in 1996, JobKorea is expected to generate revenue ofapproximately $15 million in 2005, on a profitable basis. MonsterWorldwide currently anticipates that the acquisition will beimmediately accretive to free cash flow and will contributeapproximately $6 million to $7 million in EBITDA in 2006.

About JobKorea

JobKorea Co., Ltd. (www.jobkorea.co.kr) was one of the firstKorean companies to offer online recruitment advertising services andhas grown to become the leading service of its kind in Korea.Currently it has more than three million registered members and anaverage of more than 100,000 open job postings at any time. Itsadvanced eCommerce system and posting model emphasizes ease of use,self-service and powerful results.

About Monster Worldwide

Founded in 1967, Monster Worldwide, Inc. is the parent company ofMonster(R), the leading global online careers and recruitmentresource. The company also owns TMP Worldwide, one of the world'slargest Recruitment Advertising agency networks. Headquartered in NewYork with approximately 4,600 employees in 26 countries, MonsterWorldwide (NASDAQ: MNST) is a member of the S&P 500 Index. Moreinformation about Monster Worldwide is available atwww.monsterworldwide.com.

Monster(R) is the leading global online careers and recruitmentresource. Monster was founded in 1994 and is headquartered in Maynard,Massachusetts, USA. Monster has 26 local language and content sites in23 countries worldwide. Monster is known for connecting quality jobseekers at all levels with leading employers across all industries andoffers employers innovative technology and superior services that givethem more control over the recruiting process. More information isavailable at www.monster.com or by calling 1-800-MONSTER. To learnmore about Monster's industry-leading employer products and services,please visit http://recruiter.monster.com.

Special Note: Safe Harbor Statement Under the Private SecuritiesLitigation Reform Act of 1995: Except for historical informationcontained herein, the statements made in this release constituteforward-looking statements within the meaning of Section 27A of theSecurities Act of 1933 and Section 21E of the Securities Exchange Actof 1934. Such forward-looking statements involve certain risks anduncertainties, including statements regarding Monster Worldwide,Inc.'s strategic direction, prospects and future results. Certainfactors, including factors outside of Monster Worldwide's control, maycause actual results to differ materially from those contained in theforward- looking statements, including economic and other conditionsin the markets in which Monster Worldwide operates, risks associatedwith acquisitions, competition, seasonality and the other risksdiscussed in Monster Worldwide's Form 10-K and other filings made withthe Securities and Exchange Commission, which discussions areincorporated in this release by reference.