Toss to Jump into Taxi-hailing Business After Acquiring VCNC

SEOUL, Oct. 12 (Korea Bizwire) — South Korea’s taxi-hailing market, dominated by internet giant Kakao Corp.’s mobility unit, is facing a new challenger. Viva Republica Inc., the operator of financial app Toss, recently acquired 60 percent stake in VCNC, the company behind ride-hailing service Tada. Tada currently operates a taxi-hailing app after its popular van-hailing [...]