Yanolja Selected as High-Growth Company in Asia-Pacific Amid Pandemic

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Yanolja announced on the 20th that it has been selected as one of the high-growth companies in the Asia-Pacific region in 2023, achieving significant growth despite the COVID-19 pandemic.

Yanolja CI Photo by Yanolja

The financial media outlet Financial Times and the global research firm Statista annually survey companies headquartered in 13 countries across the Asia-Pacific region and select the top 500 companies showing high growth. This year, they announced companies that demonstrated high growth based on innovation from 2018 to 2021 among tens of thousands of companies in the Asia-Pacific region.

During the survey period, Yanolja recorded a revenue growth rate of 209% and an average annual growth rate of 45.7%, earning its place on the list. The company explained that it has shown significant growth even during the pandemic by strengthening its super app strategy in the platform business and expanding its cloud solutions business globally. In 2020, it achieved profitability, and in 2021, its operating profit increased by 392% compared to the previous year, securing both growth and profitability simultaneously.

A Yanolja representative stated, "Despite the travel and hospitality industry's contraction due to the pandemic, we were able to be named a high-growth company in the Asia-Pacific region by proactively responding to industry trends. This year, based on a customer-first strategy, we plan to leap forward as a global leading player by showcasing innovative services and technological capabilities."