SEOUL, Dec. 17 (Yonhap) — South Korea’s antitrust regulator said Tuesday it has fined Kakao Mobility Corp., the operator of the country’s top taxi-hailing service, 15.1 billion won (US$10.5 million) for unfair business practices. Kakao Mobility is accused of manipulating its algorithm to direct more ride requests received through its mobile taxi application to cabs under its [...]
SEOUL, Nov. 22 (Korea Bizwire) – A mobility platform rivalry has intensified in South Korea as Tada operator VCNC announced plans for legal action against Kakao Mobility, accusing the tech giant of unfairly recruiting its drivers and mishandling personal information. According to industry sources on November 21, Tada is considering filing a complaint with the Fair [...]
SEOUL, Oct. 18 (Korea Bizwire) –Kakao Mobility, a leading South Korean tech company, announced on October 16 the launch of a new feature called Trending Now for its navigation app, Kakao Navi. This innovative service utilizes big data from user driving patterns to recommend real-time hotspots based on user preferences. Unlike traditional restaurant and nearby [...]
SEOUL, Jun. 4 (Korea Bizwire) — Kakao Mobility Corp. said Tuesday it has released a new tax-hailing app for foreigners in South Korea. The new app, named k.ride, can be downloaded from the app stores in 14 countries, including the United States, Japan, China and Singapore, first for use in South Korea in connection to [...]
SEOUL, Apr. 29 (Korea Bizwire) — The antitrust regulator approved a joint venture between LG Uplus Corp. and Kakao Mobility Corp. for operating electric car charging stations Monday, noting that the partnership is unlikely to impede market competition. The approval by the Fair Trade Commission (FTC) came as LG Uplus, the nation’s No. 3 mobile [...]
SEOUL, April 25 (Korea Bizwire) – Kakao Mobility Corp., the operator of South Korea’s leading taxi-hailing service Kakao T, said Thursday it will introduce a new membership category with cheaper commissions for its taxi drivers. Starting from June, the new plan will require 2.8 percent commission from its drivers, compared with the current membership plan, [...]
SEOUL, March 19 (Korea Bizwire) – Kakao Mobility Corp., South Korea’s top taxi-hailing service operator, has been pushing for plans to reappoint its CEO, despite the state financial regulator’s recommendation to replace him amid allegations of accounting fraud, industry sources said Tuesday. In a general shareholders’ meeting slated for next week, Kakao Mobility will carry [...]
JEJU, Mar. 15 (Korea Bizwire) – Kakao Mobility, in collaboration with the startup RideFlux and the Jeju Free International City Development Center (JDC), announced on March 15 the launch of an autonomous driving service named ‘NEMO ride’ around a high-tech complex on Jeju Island. Designed to alleviate transportation challenges in areas known for heavy traffic congestion [...]
SEOUL, Dec. 19 (Korea Bizwire) — The startups ministry said Tuesday it will ask the antitrust regulator to file a complaint with the prosecution against Kakao Mobility Corp., the operator of the country’s top taxi-hailing service, on charges of unfair business practices. Kakao Mobility is suspected of manipulating its algorithm to give more of the calls received on its mobile taxi application to cabs under [...]
SEOUL, Dec. 13 (Korea Bizwire) — Kakao Mobility Corp., the operator of South Korea’s leading taxi-hailing service, said Wednesday it will introduce a new membership category for registered taxi drivers with cheaper commissions from drivers. Kakao Mobility said in a press release that the new membership for drivers will require 2.8 percent commission from taxi [...]