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Naver Teams Up with SOCAR to Launch AI-based Mobility Service

Naver Teams Up with SOCAR to Launch AI-based Mobility Service

SEOUL, July 26 (Korea Bizwire) — South Korea’s top portal operator Naver Corp. said Tuesday it has signed a memorandum of understanding (MOU) with car-sharing and mobility service provider SOCAR Inc. to foster mutual cooperation for mobility service innovation using its hyperscale artificial intelligence (AI) platform, HyperCLOVA X. According to the terms of the MOU, [...]

SOCAR’s Commuter Pass Subscriptions Surge as Workers Return to Office

SOCAR’s Commuter Pass Subscriptions Surge as Workers Return to Office

SEOUL, April 11 (Korea Bizwire) – South Korea’s largest car-sharing and mobility service provider SOCAR Inc. said Monday that the use of its Commuter Pass subscriptions, designed for office workers, grew robustly by about 50 percent from November last year to March of this year. The Commuter Pass is a program that provides users with access to SOCAR [...]

Hyundai Glovis Joins Hands with SoCar to Advance Future Logistics Technologies

Hyundai Glovis Joins Hands with SoCar to Advance Future Logistics Technologies

SEOUL, Feb. 8 (Korea Bizwire) — Hyundai Glovis, the logistics unit of Hyundai Motor Group, announced that it had signed a memorandum of understanding (MOU) to establish a new business alliance with car-sharing company SoCar with a focus on developing future logistics technologies. With a fleet of about 18,000 vehicles, SoCar has been applying innovative [...]

Mobility Startup SOCAR Becomes Unicorn After Fresh Investment

Mobility Startup SOCAR Becomes Unicorn After Fresh Investment

SEOUL, Oct. 16 (Korea Bizwire) — South Korea’s largest mobility startup SOCAR Inc. said Friday it has received 60 billion won (US$52.2 million) from two local private equity firms, becoming the latest “unicorn” company in the Asian country. The investments from SG Private Equity and Songhyun Investment pushed SOCAR’s valuation to over 1 trillion won. [...]

SoCar Teams Up with Startup to Launch Jeju Self-driving Car Shuttle Service

SoCar Teams Up with Startup to Launch Jeju Self-driving Car Shuttle Service

SEOUL, May 18 (Korea Bizwire) — South Korea’s leading car-sharing app operator SoCar has teamed up with a local vehicle tech startup to launch an autonomous car shuttle service on the resort island of Jeju, the company said Monday. The collaboration with RideFlux Inc., which officially began earlier in the day, marks the first time [...]

Court Rules Ride-hailing Service Tada is Legitimate Rental Car Service

Court Rules Ride-hailing Service Tada is Legitimate Rental Car Service

SEOUL, Feb. 19 (Korea Bizwire) — A Seoul court ruled in favor of the ride-hailing service Tada as a legitimate rental car service Wednesday, in a landmark decision that will likely support the mobility platform industry. The Seoul Central District Court acquitted Lee Jae-woong, car-sharing app operator SoCar, and Park Jae-uk, head of SoCar’s subsidiary [...]