SEOUL, Jan. 31 (Korea Bizwire) — South Korean IT giant Kakao Corp. said Thursday that its artificial intelligence (AI) powered system has surpassed humans for the first time in a Korean reading-comprehension test. Kakao’s AI topped the list by scoring 91.85, surpassing a human score of 91.2, the company said. Clova, an AI platform by [...]
SEOUL, Jan. 23 (Korea Bizwire) — Kakao Corp. announced on Tuesday that KakaoHairShop, a reservation service platform for hair salons, recorded 1.03 million customers and 60 billion won (US$53.21 million) in transactions last year. This represents an increase of 153 percent in the number of customers and 109 percent in sales compared to 2017. KakaoHairShop [...]
SEOUL, Jan. 22 (Korea Bizwire) — The ruling party, the government, and the taxi and carpooling service sectors launched a social dialogue body Tuesday in an effort to explore win-win strategies over shared mobility. Taxi associations have been strongly opposed to the introduction of carpooling services by Kakao Mobility Corp., the operator of South Korea’s [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korean IT giant Kakao Corp. said Tuesday that it has decided to temporarily suspend the pilot of its app-based carpool service. Kakao Mobility, the transportation arm the country’s dominant mobile messenger operator, Kakao, earlier delayed the official launch of its carpool service, slated for December, following the death [...]
SEOUL, Jan. 15 (Korea Bizwire) — The taxi industry, which is opposing the introduction of ride-sharing ventures, is trying to innovate by introducing new services such as a taxi paging application and premium taxis. This month, the ‘T-One’ taxi app will launch, which will compete against similar apps from Kakao Corp. and SK Telecom Co. [...]
SEOUL, Jan. 14 (Korea Bizwire) — KT Corp. and Kakao Corp. are set to begin work to raise their stakes in their own Internet-only banks — K-Bank and Kakao Bank — as a law that eases the ownership rule for web-only banks will go into effect later this week, but their plans to raise stakes [...]
SEOUL, Dec. 21 (Korea Bizwire) — Transport Minister Kim Hyun-mee revealed Friday a proposal already offered to cab drivers for them to adopt a system similar to that used by Uber to solve their chronic business problems, as social conflict was growing over the launch of a commercial ride-sharing platform. “If you look at Uber [...]
SEOUL, Dec. 20 (Korea Bizwire) — Hundreds of thousands of taxi drivers gathered in Seoul on Thursday for a massive protest against commercial carpool services by Kakao Corp., calling for a state ban on “the illegal services.” There have been severe conflicts over Kakao T Carpool, a ride-sharing service by South Korea’s top mobile messaging [...]
SEOUL, Dec. 14 (Korea Bizwire) — Kim Kil-jun, a taxi driver for 22 years, thought his taxi-hailing app was like a business partner, something that helped him get more fares, but now he feels like the platform has turned on him and become a powerful competitor in South Korea’s growing mobility market. The app’s operator, [...]
SEOUL, Dec. 13 (Korea Bizwire) — South Korean IT giant Kakao Corp. said Thursday it has decided to delay the launch of its carpool service after a taxi driver committed suicide by setting himself on fire in protest. Kakao, which operates South Korea’s most popular mobile messenger application, KakaoTalk, earlier kicked off a pilot run [...]