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Yanolja to Acquire 70 pct Stake in Interpark’s E-commerce Businesses

Yanolja to Acquire 70 pct Stake in Interpark’s E-commerce Businesses

SEOUL, Oct. 14 (Korea Bizwire) — Yanolja Co., a leading South Korean travel platform operator, said Thursday that it signed an agreement to buy a 70 percent stake in e-commerce businesses of Interpark Corp. for 294 billion won (US$248 million). Yanolja said its move to acquire Interpark’s travel, performing arts, shopping and book businesses is [...]

Hotel Booking App Ordered to Compensate Rival for Alleged Info Theft

Hotel Booking App Ordered to Compensate Rival for Alleged Info Theft

SEOUL, Aug. 23 (Korea Bizwire) — South Korea’s biggest accommodation booking app Yanolja has defeated its industry rival Good Choice in a civil suit launched over an alleged leak of confidential company information, judicial officials said Monday. The Seoul Central District Court has ordered Good Choice Company (GCC), the operator of the namesake hotel reservation [...]

Travel Platform Operator Yanolja Receives 2 tln-won Investment from Softbank’s Vision Fund

Travel Platform Operator Yanolja Receives 2 tln-won Investment from Softbank’s Vision Fund

SEOUL, July 15 (Korea Bizwire) — Yanolja, a leading South Korean travel platform operator, said Thursday it has received a 2 trillion-won (US$1.75 billion) investment from Softbank’s Vision Fund, the second-largest investment into a South Korean company after $3 billion for e-commerce giant Coupang Inc. Yanolja, which has been seeking to go public, plans to [...]