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Yanolja has established a fund to foster the tourism venture companies

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2021.10.06

Yanolja has established a fund to foster the touri

Yanolja has created a fund to foster tourism venture companies. The company participates in the fund investment project hosted by the Ministry of Culture, Sports and Tourism as a limited liability member. And the fund is worth a total of KRW 65 billion(USD 54.4 million), and Yanolja raises KRW 13 billion(USD 10.9 million) to invest in innovation in the travel industry.

This fund creation is a part of Yanolja's ESG (Environmental, Social, and Governance) management. Yanolja plans to support new start-ups through investment and also to nurture unicorn companies in the travel industry by sharing the know-how accumulated by Yanolja over the years to build a virtuous cycle for the development of the industry.​