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antitrust regulator-Yanolja takeover

Regulator reviews travel platform Yanolja's takeover deal

SEOUL, June 2 (Yonhap) -- South Korea's antitrust regulator said Thursday it has started to review the proposed deal by Yanolja Co., a leading travel platform operator, to buy e-commerce firm Interpark Corp.

In October last year, Yanolja announced a deal to buy a 70 percent stake in Interpark's e-commerce business, including travel services, performing arts and online shopping, for 294 billion won (US$235.8 million).

The Fair Trade Commission (FTC) said it plans to see if the combination between the two firms could hurt competition in the online travel platform market.

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