Yanolja to restructure affiliates to boost profit before Nasdaq IPO

Quick Summary:

South Korea’s top travel and accommodation booking platform operator Yanolja Co.is seeking to streamline and restructure its affiliates to boost profitability ahead of its planned initial public offering on the Nasdaq this year.

In 2022, Yanolja spent about 300 billion won to acquire Interpark Inc., one of Korea’s first-generation e-commerce platforms, and Triple, a hyper-personalized travel platform.

Last year, it acquired Go Global Travel (GGT), an Israel-based company for global B2B travel solutions, through its subsidiary Yanolja Cloud.

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Article Details

Category: Economy

Markets: South KoreaIsraelSingapore

Topics: Platform Hotel Cloud Yanolja Travel Nasdaq Year Global Korean Korea’s Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-13 @ 21:13:22 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 379 words

Reading Time: 3 minutes read

Sentences: 21 lines

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Copyright Owner: © Korea Economic Daily

News ID: 22064717

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