[Alpha Biz= Reporter Kim Jisun] Yanolja, which is reportedly aiming for a NASDAQ listing, has established a local subsidiary in the United States.
According to industry sources on June 3rd, Yanolja founded a U.S. subsidiary named "Yanolja US LLC." on February 8th.
The primary business activity of the U.S. subsidiary, as stated in Yanolja's first-quarter report, is consulting, and it is wholly owned by the parent company, Yanolja. The book value of the subsidiary is approximately 132.51 million won.
Delaware, where the subsidiary was established, is known for its business-friendly corporate laws and low tax burden. Many global companies, including Apple, Amazon, and Coupang Inc., which is directly listed in the U.S., have their headquarters in Delaware.
The establishment of the U.S. subsidiary is seen by industry experts as a strategic move by Yanolja to accelerate its efforts to list on NASDAQ.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
