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Kakao Mobility Chief Calls for Postponement of Stake Sale amid Labor Union Backlash

Kakao Mobility Chief Calls for Postponement of Stake Sale amid Labor Union Backlash

SEOUL, July 25 (Korea Bizwire) – The head of Kakao Mobility Corp., South Korea’s leading ride-hailing company, said Monday he has asked the firm’s largest shareholder, Kakao Corp., to postpone its plan to sell part of its shares to a private equity fund amid strong protest from Kakao Mobility’s labor union, sources said. According to [...]

Kakao’s Push to Sell Shares of Kakao Mobility to Private Equity Fund Draws Labor Union Backlash

Kakao’s Push to Sell Shares of Kakao Mobility to Private Equity Fund Draws Labor Union Backlash

SEOUL, July 12 (Korea Bizwire) — A push by Kakao Corp. to sell part of its shares of Kakao Mobility Corp. to a private equity fund has drawn strong protest from its labor union, which criticized the South Korean tech giant for neglecting its corporate social responsibility. Kakao, which currently owns a 57.5 percent stake [...]

Kakao Mobility Partners with Splyt for Ride-hailing Roaming Services in Southeast Asia

Kakao Mobility Partners with Splyt for Ride-hailing Roaming Services in Southeast Asia

SEOUL, May 12 (Korea Bizwire) — Kakao Mobility Corp., South Korea’s leading taxi-hailing company, said Thursday it will begin offering access to local ride-hailing services in seven Southeast Asian countries by partnering up with global mobility platform provider Splyt Technologies Ltd. Through the partnership, users of the company’s Kakao T application will be able to [...]

Kakao Mobility Pilots Pet Taxi Service

Kakao Mobility Pilots Pet Taxi Service

SEOUL, April 28 (Korea Bizwire) — Kakao Mobility Corp., South Korea’s leading taxi-hailing firm, said Wednesday it will begin testing the pet-exclusive cab service KakaoT Pet on its Kakao T application. Kakao T Pet is a pet taxi service designed in accordance with the Animal Protection Act. The service is available in all locations in [...]

Kakao Mobility Unveils Inner Workings of AI Taxi Allocation System

Kakao Mobility Unveils Inner Workings of AI Taxi Allocation System

SEOUL, April 5 (Korea Bizwire) — Kakao Mobility Corp., South Korea’s leading taxi-hailing firm, on Monday unveiled how its artificial intelligence (AI) taxi allocation system works via its official website. The site shows how each cab is hailed in various scenarios, how the AI uses a designated forecast model to reach customers faster, as well [...]

Kakao Mobility to Expand Fleet of Electric Taxis to 10,000 by Year’s End

Kakao Mobility to Expand Fleet of Electric Taxis to 10,000 by Year’s End

SEOUL, March 30 (Korea Bizwire) — Kakao Mobility Corp., the country’s top taxi-hailing company, announced Tuesday a plan to expand its fleet of platform-based electric taxis to 10,000 units by the end of this year. To this end, Kakao Mobility intends to promote not only general mid-sized taxis but also pro-membership users to shift towards electric [...]

Kakao Mobility to Launch Taxi Advertising Service, Share Profits

Kakao Mobility to Launch Taxi Advertising Service, Share Profits

SEOUL, March 22 (Korea Bizwire) — Kakao Mobility Corp., South Korea’s leading taxi-hailing firm, has formulated a plan to launch an advertising service for taxi passengers and share the profits with taxis affiliated with the firm by the end of this year. The company said Monday that it will install Rear Seat Entertainment (RSE) systems [...]