SEOUL, Aug. 18 (Korea Bizwire) — Kakao Corp. said Thursday it has canceled its plan to sell part of its shares of Kakao Mobility Corp. to a private equity fund over repeated demands from the company union to scrap the plan. The South Korean tech giant, which currently owns a 57.5 percent stake in Kakao [...]
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 [...]
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 [...]
SEOUL, May 17 (Korea Bizwire) — Kakao Mobility Corp., South Korea’s leading taxi-hailing company, said Tuesday it has forged a business partnership with Miki Taxi, a major taxi operator in Guam, to provide ride-hailing services in the U.S. Pacific territory. Through the partnership with Miki Taxi, which operates approximately 40 percent of all taxis in [...]
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 [...]
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 [...]
SEOUL, April 21 (Korea Bizwire) — Kakao Mobility Corp., South Korea’s leading taxi-hailing firm, has unveiled a plan to launch a trial service of wheelchair taxis as part of its efforts to support those who are mobility-vulnerable. The company said Wednesday that in collaboration with the Seodaemun District Office, it will launch a wheelchair taxi [...]
SEOUL, April 7 (Korea Bizwire) — Kakao Mobility Corp., South Korea’s leading taxi-hailing firm, said Thursday that it will invest 50 billion won (US$41 million) to support its business partners to spearhead shared growth. The investment is part of a 300 billion-won fund created by its parent firm, internet giant Kakao Corp., to support small [...]
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 [...]
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 [...]