Zycommerce Decides to Absorb Subsidiaries Newkaka and Samwontrade Through Merger

[Asia Economy Reporter Lee Gwan-joo] ZY Commerce announced on the 26th that it will absorb and merge two subsidiaries, used car sales company Newcaca and imported food sales company Samwon Trade. The merger date is April 1. The company stated that the purpose of the merger is "to enhance organizational operational efficiency and maximize competitiveness and synergy effects based on the integration of management resources, thereby increasing the value of the company and its shareholders."