Monday, October 21, 2019
Yello Mobile Settles Legal Disputes with Major Partners
Poised for Takeoff
Yello Mobile Settles Legal Disputes with Major Partners
  • By Kim Eun-jin
  • May 21, 2019, 20:54
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Yello Mobile announced on May 15 that it has ended legal disputes with its major partners and is poised for takeoff.

In its first quarter business report, the business group said lawsuits filed by its major partners, including Alpen-Route Asset Management and Coinone, have been brought to a happy end.

Another lawsuit filed by Kwon Do-gyun, CEO of one of Yello Mobile's major partners, regarding the sales of JTNet stock, is to be resolved soon as the two parties have recently signed an agreement.

The company looks to completely resolve legal disputes and conflicts with its major stakeholders within the first half of this year.

As conflicts with investors and partner companies are being resolved, Yello Mobile now plans to solidify relations with its key partners and wipe out concerns about its future.

Yello Mobile CEO Lee Sang-hyuk said, “Based on our solid cooperation with various stakeholders, we will leap forward as a leading company in the era of the Fourth Industrial Revolution.”

Yello Mobile is an integrated data platform company established in 2012 to provide B2C services B2B solutions based on blockchain, big data and AI technologies. Its core business areas include smart city, healthcare, advertising technology, and media commerce. The company has been pushing hard to sharpen its competitiveness in these areas.

The company’s key subsidiaries include DAYLI Blockchain, a smart city solution company, Carelabs, an O2O healthcare platform company, and Future Stream Networks, an integrated digital marketing company. These companies are all listed on KOSDAQ.