TAXI HAILING T MAP MOBILITY TO ISSUE NEW SHARES WORTH $357.3 MILLION

Highlights –

• Taxi hailing T Map Mobility to issue new shares worth $357.3 million.
• The shares will then be allocated to two private equity funds (PEFs).
• T Map Mobility’s move comes as it plans to compete with Kakao Mobility.

KAKAO TO TAKE OVER VAN SERVICE BUSINESS, KAKAO MOBILITY

Highlights –

• Kakao Mobility service over rival Tada
• Tada acquitted on Wednesday
• Kakao did a beta test run of the service

One of South Korea’s IT giant and messenger operator Kakao is rapidly ascending its taxi...