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Uber to acquire TMAP Mobility's shares in UT for sole ownershipUber has been operating a ride-hailing app, named Uber Taxi (UT), in South Korea through the joint venture with TMAP Mobility Co., a mobility subsidiary of the investment company SK Square Co ...
"Korea and Uber are a perfect fit. I want the government to make smart and forward-looking regulations, which will lift Uber and the taxi industry at the same time." The vice president of the ...
Kakao has a more than 90% market share of taxi-hailing, estimated based on app usage data. Uber first entered the South Korean market in 2013, but pulled out due to regulations that only allow ...
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