The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    Garbage collector mistakes sex doll for corpse

  • 3

    Netflix announces password sharing crackdown in Korea

  • 5

    Seoul city council under fire for sexual conduct guidelines for teachers

  • 7

    Major webtoon platforms' fight against piracy

  • 9

    Is non-consensual sex not rape?

  • 11

    Japanese comic series 'Slam Dunk' enjoys resurgence on back of animated film

  • 13

    President pledges support for Korean chipmakers to overcome crisis

  • 15

    $120,000 banana, praying Hitler: Infamous art world prankster Maurizio Cattelan's first Seoul outing

  • 17

    Korea's presidential couple celebrates recovery of Cambodian boy who received heart surgery

  • 19

    Retired actress Shim Eun-ha denies rumor of return

  • 2

    Free subway rides for elderly emerge as headache for Seoul mayor

  • 4

    Korea seeks measures to better protect foreign workers

  • 6

    Samsung unveils new Galaxy S23 smartphone

  • 8

    Retailers return to Myeong-dong as more foreign tourists visit

  • 10

    4 South Korean activists arrested for executing orders from Pyongyang

  • 12

    ENHYPEN-inspired webtoon 'Dark Moon: The Blood Altar' surpasses 100 million views

  • 14

    INTERVIEWA touch of authenticity in Korea's Mexican cuisine scene

  • 16

    Income gap widening among workers

  • 18

    China imposes mandatory virus tests for arrivals from Korea only in latest protest over curbs

  • 20

    Pyongyang threatens eye-for-eye response as US B-1B bombers join drills in South Korea

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
Fri, February 3, 2023 | 12:11
Markets
Yanolja with newfound growth potential seeks stock listing in 2021
Posted : 2020-10-06 17:11
Updated : 2020-10-06 18:29
Lee Kyung-min
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link

Yanolja founder and CEO Lee Su-jin / Courtesy of Yanolja
Yanolja founder and CEO Lee Su-jin / Courtesy of Yanolja
By Lee Kyung-min

Yanolja, the fast-growing operator of a travel and lodgings service platform here, is planning for a stock listing from scratch, in a revised strategy seeking a proper corporate valuation due to its rising growth potential as seen by a combined $180 million (213 billion won) investment by the Singaporean sovereign wealth fund and a global travel reservation app operator, industry sources said.

GIC Private Limited, formerly the Government of Singapore Investment Corporation, and Booking Holdings, a NASDAQ-listed American travel service platform operator valued the Korean firm at around 1 trillion won in June 2019, an assessment which could be bolstered given that its domestic and global earnings doubled and quadrupled, respectively in 2019, year-on-year.

The Korean firm recently sent a request for proposal (RFP) to five local and global brokerages, a prerequisite to selecting an underwriter for an initial public offering (IPO).

"We want to have the stocks listed by the end of 2021, a process that will require the help and foresight of underwriters that best understand the philosophy and vision of our firm," a Yanolja official said.

This renders moot previous underwriting work in 2018 commissioned by Mirae Asset Daewoo and Daishin Securities.

Yanolja founder and CEO Lee Su-jin / Courtesy of Yanolja
An electric board shows stock market transactions. Yanolja seeks stock listing of its shares by the end of 2021. Korea Times file

The ambitious plan reflects the firm's gross annual sales of 300 billion won in 2019, up 78.8 percent from the year before. Of the total, 270 billion won came from domestic sales, a 68 percent year-on-year growth, while overseas sales totaled 30 billion won, an over four-fold increase from 6.9 billion won in the same period. Its year-on-year operating loss of 10.1 billion won in 2019 dropped nearly 7 billion won.

The outstanding performance came despite the tourism industry taking a major hit from the pandemic. Data from Wise App, a data analysis service provider, showed Yanolja reporting a solid 4 percent year-on-year increase in sales in the January to July period after many Koreans changed their travel plans to visit local destinations as an alternative to overseas trips.

Further bolstering the global prospects for the Korean firm is its cloud-based Property Management System for hotels, a platform that enables a hotel or group of hotels to manage reservations, guest check-ins and check-outs, room assignments, room rates and billing.

Yanolja is the global leader in the cloud-based service, and the second-largest after Oracle Hospitality when measured by services offered via individual servers and data centers.

The firm is a favorite in the local IPO market alongside Krafton, the online games developer best known for "PlayerUnknown's Battlegrounds" that gained worldwide popularity, and Big Hit Entertainment, the agency representing K-pop sensation BTS. Krafton is seeking to shortlist its underwriters with plans to list as early as next year.


Emaillkm@koreatimes.co.kr Article ListMore articles by this reporter
 
Top 10 Stories
1Seoul city council under fire for sexual conduct guidelines for teachers Seoul city council under fire for sexual conduct guidelines for teachers
2Samsung unveils new Galaxy S23 smartphone Samsung unveils new Galaxy S23 smartphone
3[INTERVIEW] A touch of authenticity in Korea's Mexican cuisine scene INTERVIEWA touch of authenticity in Korea's Mexican cuisine scene
4Pyongyang threatens eye-for-eye response as US B-1B bombers join drills in South KoreaPyongyang threatens eye-for-eye response as US B-1B bombers join drills in South Korea
5Police to introduce new measures to better handle intoxicated people Police to introduce new measures to better handle intoxicated people
6Gov't announces measures to cope with shortage of surgeons Gov't announces measures to cope with shortage of surgeons
7[INTERVIEW] 'Extended deterrence is best option to ensure peace on Korean Peninsula' INTERVIEW'Extended deterrence is best option to ensure peace on Korean Peninsula'
8[INTERVIEW] US-NK summit is unlikely in 2023: Korea Society INTERVIEWUS-NK summit is unlikely in 2023: Korea Society
9[INTERVIEW] IMF expects no recession for Korean economy INTERVIEWIMF expects no recession for Korean economy
10Taxi passengers in Seoul taken aback by fare increase Taxi passengers in Seoul taken aback by fare increase
Top 5 Entertainment News
1Major webtoon platforms' fight against piracy Major webtoon platforms' fight against piracy
2ENHYPEN-inspired webtoon 'Dark Moon: The Blood Altar' surpasses 100 million views ENHYPEN-inspired webtoon 'Dark Moon: The Blood Altar' surpasses 100 million views
3$120,000 banana, praying Hitler: Infamous art world prankster Maurizio Cattelan's first Seoul outing $120,000 banana, praying Hitler: Infamous art world prankster Maurizio Cattelan's first Seoul outing
4PULL UP: VIVIZ returns with new song about gossipers PULL UP: VIVIZ returns with new song about gossipers
5Park Hyung-sik to play crown prince in tvN series 'Our Blooming Youth' Park Hyung-sik to play crown prince in tvN series 'Our Blooming Youth'
DARKROOM
  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

  • World Cup 2022 France vs Morocco

    World Cup 2022 France vs Morocco

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group