Prosecutors on Monday indicted Kakao Mobility, its chief executive and other executives on charges of violating fair trade laws over allegations that the company blocked taxi ride requests to pressure rival franchise operators.
Kakao Mobility and Uber Taxi Korea are launching rival subscription plans, with both companies offering discount programs in what they claim is a bid to enhance customer satisfaction.
Korean tech giant Kakao said Thursday its second-quarter net profit nearly doubled from a year earlier, driven by robust growth in its platform business and increased equity gains.
Kakao Mobility, Korea’s top ride-hailing platform operator, is reportedly in talks with global autonomous vehicle leaders Waymo and Baidu to launch a self-driving taxi service in Korea.
Kakao Mobility will provide a parking platform solution for Saudi Arabia’s $63 billion Diriyah Project, marking the company’s first global export of its parking technology.
Korea's antitrust watchdog said Wednesday it has imposed a fine of 3.88 billion won on a subsidiary of Kakao Mobility, operator of the nation's leading taxi-hailing service, for engaging in unfair business practices.
A mobility platform exclusively for foreign travelers, k.ride, will be available in 12 additional countries, Kakao Mobility announced Thursday.
Kakao Mobility, the operator of the country's most used taxi hailing service provider, was fined for alleged accounting fraud on Wednesday and referred to prosecution for further investigation.
Korea’s antitrust regulator has fined Kakao Mobility, the nation’s largest ride-hailing service provider, 72.4 billion won ($54.8 million) and plans to file charges with the prosecution.
Korea’s antitrust regulator has imposed a fine of 72.4 billion won ($54.8 million) on Kakao Mobility, the nation’s largest ride-hailing service provider, and will file charges with the prosecution.
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