SEOUL, July 27 (Korea Bizwire) — Kakao Taxi began South Korea’s first taxi meter application service for medium-sized taxis on Friday.
Kakao Mobility, an affiliate of Kakao Corp., the operator of top South Korean messaging app KakaoTalk, announced on Friday that it had received the government’s regulatory sandbox permit to introduce taxi meter applications in Kakao T Blue vehicles.
A regulatory sandbox allows for small-scale testing of innovations in a controlled environment without changing existing rules.
The taxi meter application uses a GPS system to measure the time, distance, and speed to calculate the taxi fare.
Under current legislation, taxi meters are required to measure distance and speed by using a measurement device attached to the car’s transmission, preventing South Korean taxis from using taxi meter applications used by Uber and other global car hailing services.
Kakao Mobility set up taxi meter applications for ten Kakao T Blue vehicles, and plans to expand the use of the app.
Taxi meter applications can automatically calculate toll fees and extra charges. Passengers can also check the taxi fare in real-time.
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