NOL Entertainment
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NOL Entertainment - overview
Established
2016
Location
Seongnam, -, South Korea
Primary Industry
Travel & Leisure
About
Based in South Korea, Nol Universe Co. , Ltd. trading under the name NOL Entertainment specializes in digital solutions tailored for enhancing travel and leisure experiences, focusing on innovative technology to serve both domestic and international travelers. NOL Entertainement was founded in 2016 in Seongnam, South Korea, and is primarily engaged in providing innovative travel solutions.
The company successfully completed a MERGER with Interpark Corporation on August 1, 2022, which expanded its offerings in overseas travel services. The firm has secured a total of KRW 10,000 mn in funding, with its most recent investment from multiple venture capital firms. The founder's specific history is not disclosed, nor are there mentions of other ventures prior to this. NOL Entertainment operates the NOL app, which is a comprehensive platform for travel and ticket bookings.
This app provides users access to various travel options and cultural experiences in Korea, tailored for both locals and international visitors. It enables personalized travel itineraries and ticket purchases, focusing on enhancing leisure activities in urban centers and popular tourist spots. In fiscal year 2020, NOL entertainment reported revenues of KRW 334,878. 3 and an EBITDA of KRW -12,934,503.
5 for the same year. The company generates revenue mainly through its platform by charging service fees for each travel booking and ticket sale facilitated via the NOL app, emphasizing customer engagement through continuous updates and service enhancement. Following the merger with Interpark Corporation, which took place on August 1, 2022, NOL Entertainment aims to expand its digital travel solutions by incorporating detailed information on overseas destinations and customizing services for international travelers. The recent funding of KRW 10,000 mn will support the development of new features within the NOL app and assist in expanding their market presence in international regions.
Through these initiatives, NOL Universe Co. , Ltd. seeks to enhance user engagement and broaden its customer base.
Current Investors
AJU IB Investment, KB Investment, Korea Investment Partners
Primary Industry
Travel & Leisure
Sub Industries
Travel & Tourism, Hotels & Accommodations
Website
www.triple-corp.com
Verticals
Mobile Apps
Company Stage
Merged
Total Amount Raised
Subscriber access only
NOL Entertainment - financials
| Fiscal Year Ended | Dec 31, 2020 |
|---|---|
| Revenue (USD) | - |
| % Revenue Growth (YoY) | - |
| EBITDA (USD) | - |
| Operating Income (USD) | - |
| Operating Margin | - |
| % EBITDA Margin | - |
| NET Income (USD) | - |
| % Net Margin | - |
NOL Entertainment - employee data
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