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Yanolja has acquired 70 percent of Interpark’s commerce business for 294 billion won ($260 million).
The hotel booking company signed a memorandum of understanding with Interpark, which is focused on concert and travel tickets, to buy 70 percent of an Interpark spinoff in October. The deal was finalized on Tuesday following two months of due diligence.
The spinoff manages e-commerce businesses including those related to plane ticket and art exhibitions ticket sales.
Yanolja said it will provide “innovative services” for people throughout their journeys, from booking hotels to organizing activities by integrating technologies and services. Interpark sells the most flight tickets of all travel companies and has high brand loyalty, according to Yanolja.
It added that it will also target inbound…