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 [...]
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 [...]
SEOUL, Aug. 24 (Korea Bizwire) — A group of taxi drivers who are affiliated with Kakao Mobility Corp., the country’s top taxi-hailing company, are facing sanctions from from the firm after asking passengers not to the service. According to industry sources, Kakao Mobility issued warnings to a total of 33 affiliated taxi drivers who were [...]
SEOUL, July 2 (Korea Bizwire) — LG Corp., the holding company of South Korea’s fourth-largest conglomerate LG Group, on Friday said it will invest 100 billion won (US$87.9 million) in Kakao Mobility Corp., the country’s leading taxi-hailing firm, for future growth. LG said the investment will allow its affiliates, including LG Energy Solution Ltd. and [...]
SEOUL, May 18 (Korea Bizwire) — State-run utility Korea Electric Power Corp. (KEPCO) has teamed up with Kakao Mobility Corp., the country’s top taxi-hailing company, to provide a new electric vehicle (EV) charging service. The two parties recently signed a memorandum of understanding (MOU) to promote cooperation for the service development needed for the establishment [...]
SEOUL, April 1 (Korea Bizwire) — U.S. tech giant Google will invest more than 50 billion won (US$44.15 million) in Kakao Mobility Corp., the country’s top taxi-hailing company, parent Kakao Corp. said Thursday. Google will invest in Kakao Mobility by acquiring new shares worth 56.51 billion won, according to a regulatory filing from Kakao. The [...]