Yanolja is moving forward with the acquisition of KakaoVX, the leading platform for golf course rese…

According to the Seoul Economic Daily on the 10th, Yanolja is currently negotiating with the selling party for the acquisition of KakaoVX. It’s been reported that Yanolja is discussing potential joint acquisition with its initial investor, Venture Capital Murex Partners.

The key issue lies in determining KakaoVX’s valuation. KakaoVX has rapidly increased its corporate value through aggressive external investment initiatives. Starting with financial investors such as KB Securities and Mirae Asset Securities in 2018, followed by Korea Investment Partners, Q Capital Partners, and Won Asia Partners, KakaoVX’s initial valuation was only 10-20 billion KRW. However, by 2021, it had surpassed 500 billion KRW following consecutive equity increases and performance improvements. Financial investors have the right to refuse to sell their management rights, making it challenging for Yanolja to finalize the transaction without offering a satisfactory price.

A financial industry source who…