Citibank Korea and Yanolja "Global Business Expansion"... Initiate Cooperation System 구축

On the 21st, attendees are taking a commemorative photo after signing a business agreement for global expansion at the Yanolja headquarters in Gangnam-gu, Seoul. From the left: Song Min-kyu, Head of Communications at Yanolja; Ryu Kyung-soo, Head of Fund Management at Yanolja; Bae Bo-chan, CEO of Yanolja Management Division; Lee Soo-jin, CEO of Yanolja; Yoo Myung-soon, President of Citibank Korea; Yoo Ki-sook, Executive Director of Commercial Business Division at Citibank Korea; Kim Yong, Head of Commercial Digital Corporate Finance Center at Citibank Korea; Choi Young-jun, Credit Officer at Citibank Korea. Photo by Citibank Korea

[Asia Economy Reporter Song Seung-seop] Korea Citibank announced on the 24th that it has signed a business agreement with Yanolja to expand their business.

According to the agreement held on the 21st at Yanolja's headquarters in Gangnam-gu, Seoul, the two companies will establish a cooperative system to activate global business. Korea Citibank will provide a global payment solution specialized for the lodging industry by utilizing Yanolja's market insight and big data. Yanolja plans to expand its license contracts and countries of entry by using Citigroup's global network.

Yoo Myung-soon, President of Korea Citibank, emphasized, "Through this business agreement, we will support Yanolja to become a leading company in the global travel industry," and added, "We will help ensure they receive the best financial services overseas as well."

Lee Su-jin, CEO of Yanolja, stated, "With Yanolja's innovative technology and Citibank's global network, we will be introduced to more countries and clients," and expressed, "We will continue to strengthen international competitiveness through active collaboration and leap forward as a representative company in the industry."

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