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Car-sharing Firm SOCAR Confident of Successful IPO

Car-sharing Firm SOCAR Confident of Successful IPO

SEOUL, Aug. 3 (Korea Bizwire) — South Korea’s largest car-sharing and mobility service provider SOCAR Inc. on Wednesday said that its planned initial public offering (IPO) will be successful despite unfavorable market conditions. SOCAR, established in 2011, is seeking to make a market debut later this month after going through IPO subscription Thursday and Friday [...]

Car-sharing Businesses Suffer from Careless Customers

Car-sharing Businesses Suffer from Careless Customers

SEOUL, Oct. 17 (Korea Bizwire) — Car-sharing businesses are suffering from massive financial losses due to careless users. Car-sharing vehicles owned by SOCAR Inc., a car-sharing service provider, last no more than three years on average, a mere 20 percent of the average lifespan of automobiles in South Korea. Smaller car-sharing platforms have a vehicle [...]

Renault Samsung’s LPG Model Selected for Car-sharing Service with Hearing-impaired Drivers

Renault Samsung’s LPG Model Selected for Car-sharing Service with Hearing-impaired Drivers

SEOUL, July 29 (Korea Bizwire) — Renault Samsung Motors Corp., the South Korean unit of French automaker Renault S.A., said Tuesday its liquefied petroleum gas-powered QM6 SUV will be used for the platform established to offer car-sharing services by hiring hearing-impaired drivers. Goyohan (meaning “silent” in Korean) Mobility, established by a local startup Coactus Ltd., [...]

Coronavirus Outbreak a Boon for Car-sharing Services

Coronavirus Outbreak a Boon for Car-sharing Services

SEOUL, March 26 (Korea Bizwire) — With the coronavirus outbreak continuing to spread, a growing number of South Koreans are using car sharing, kickboards, and other mobility services as an alternative to the subway, buses, and other means of public transportation. GreenCar, a car-sharing service platform, reported that weekly usage between February and March had [...]

4 in 10 Office Workers Prefer Car-sharing Services to Taxis

4 in 10 Office Workers Prefer Car-sharing Services to Taxis

SEOUL, Nov. 8 (Korea Bizwire) — Ride-hailing services like South Korean mobility platform Tada are becoming increasingly popular among office workers, a recent study has revealed. Job portal Incruit conducted a survey of 4,326 adults, 41 percent of whom responded that they have the intention to use shared mobility platforms. In particular, 45 percent of [...]