| Kim Jong-yoon, CEO of Yanolja / Korea Times photo by Choi Won-suk |
Korea's antitrust regulator said Tuesday it has approved travel platform operator Yanolja's purchase of e-commerce firm Interpark's travel business
In 2021, Yanolja acquired a 70 percent stake in Interpark's e-commerce business, including travel services, performing arts and online shopping, for 301.1 billion won (US$231.3 million), and reported the deal to the Fair Trade Commission (FTC) last year.
After a monthslong review, the regulator gave the green light to the combination, saying that there "exist no concerns that the corporate merger would practically hurt competition" in the domestic online travel platform market. (Yonhap)