Kakao Taxi App Fined for Secretly Giving More Calls to Franchise Cabs

SEOUL, Feb. 14 (Korea Bizwire) — South Korea’s antitrust regulator said Tuesday it has decided to slap fines of 25.7 billion won (US$20 million) on Kakao Mobility Corp., the nation’s leading taxi-hailing service, for manipulating its algorithm to give more calls to cabs under its franchise. The punishment on the operator of the app, Kakao [...]