Oil Prices Slide as OPEC, IEA Cut 2026 Demand Forecasts 
KOSPI Rebounds 20% as Samsung, SK Hynix Lead South Korea Stock Rally 
Google Pushes Gemini AI Overhaul as Sergey Brin Targets Model Supremacy 
S&P 500 Retreats From Record High as AI Stocks Slide, Retail Sales Disappoint 
ANZ Home Loan Applications Drop 12% After Australia Property Tax Changes 
Wall Street Hits Record High as Softer Inflation Data Eases Fed Rate Hike Fears 
Apple Develops China-Specific AI Model With Alibaba as Apple Intelligence Launch Nears 
Tesla Roadster Reveal Could Feature SpaceX Thrusters in August 
European Stocks Steady as U.S.-Iran War, Euro Zone Data Keep Investors Cautious 
S&P 500 Hits Record High as Soft Inflation Data Eases Fed Rate Hike Fears 
Goldman Sachs Eyes Investors for Nvidia’s $500 Billion AI Financing Plan 
Bank of America to Buy Up to 49.9% Stake in Jio Credit for $1.92 Billion 
J.P. Morgan Upgrades SanDisk, Sets $2,250 Price Target on AI NAND Growth 
Australia’s Corporate Leaders Face Parliament Over KPMG Client Data Scandal 
Micron Stock Upgraded to Buy as New Street Sees $2 Trillion Valuation Potential 
Asian Stocks Rally as Cooling US Inflation Boosts Fed Rate Outlook 
Add as a preferred source on Google
Yanolja, a South Korean company that provides online accommodation services, can go ahead and acquire Interpark’s travel business. This news comes after Korea’s Fair Trade Commission (FTC) announced its decision to allow the acquisition deal between the two companies on Tuesday.
With the approval, Yanolja may now proceed and close the deal to acquire Interpark’s travel unit. This will give the company a 70% stake which will cost KRW301.1 billion or about $231.8 million.
According to Korea Joongang Daily, Yanolja does not have to report the deal beforehand to the FTC, as the agreement is now a merger or acquisition of a company but simply a purchase of a business with small revenue. It was explained that companies are usually required to report to the trade commission if they have a market capitalization or annual revenue that is over KRW2 trillion.
Moreover, the FTC said it approved Yanolja’s takeover of Interpark’s travel business because it determined that the acquisition would not limit the market competitiveness in related trade divisions like online reservations, online accommodation booking platforms, online concert ticket reservations, and the issuance of airline tickets.
“When people book accommodations, they are not likely to simultaneously purchase tickets for airlines and when booking other activities. Consumers usually compare the prices on other platforms and choose the best option given, so the deal will not exclude other companies in these sectors,” the FTC stated.
Pulse News reported that the trade agency further said that Yanolja and Interpark’s combined sales plan is not likely to cut out competitors because the percentage of customers who buy transportation or concert tickets along with accommodation bookings is not high in the local market.
Finally, through its acquisition of Interpark, Yanolja is aiming to dive into the global online travel market, where it plans to provide various services related to what it is already offering to customers.
