Oh Yeon Ho, a South Korean journalist and owner of the world's largest citizen journalism Web site plants to launch the site, OhmyNews.com, in Europe, Telegraph.co.uk reported Friday.

Ho said he is currently “in talks with a European partner to launch an OhmyNews site in Europe.”

The site gained notoriety when it played a part in the outcome of South Korea's 2002 presidential election. Currently, it publishes content written by nearly 50,000 citizens, and has up to 600,000 daily readers, Telegraph.co.uk reported.

“I hope I can keep introducing our model to other countries including Europe, North America and hopefully North Korea in the future. Why not?” Ho said. “ Every citizen can be a reporter. Journalists aren't some exotic species, they're everyone who seeks to take new developments, put them into writing and share them with others.”

OhmyNews was founded in 2000, and only five stories have become involved in legal disputes. About 200 stories are published a day, and most citizen reporters write one or two articles a week.

In 2002, OhmyNews was seen as playing a key role in the election of President Roh Moo-Hyun, and as a result was granted the first official interview with Moo-Hyun as president.

Although the site is popular in South Korea, it has been criticised for its unprofitable business model, and for launching in Japan. The site has not gained a profit since 2003, and suffered a small loss in 2006. Ho told Telegraph.co.uk that last year the advertising market, which makes up 60 percent of the site's revenue, was in a slump. The group also invested heavily in redevelopment of the site last year.