Uber drives deeper into South Korea to take on Kakao Mobility

Quick Summary:

After seeing double-digit growth in South Korea, Uber Technologies has announced a strategic plan to double down in the country — directly challenging market leader Kakao Mobility, the ride-hailing unit majority-owned South Korean messaging and tech giant Kakao.

Uber ramping up in South Korea is the latest chapter in the drama that is the country’s hide-hailing market.

Uber chief executive officer Dara Khosrowshahi outlined the plans in a press conference in Seoul, where he also kicked off a campaign to grow the company’s pool of drivers in the country.

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Article Details

Author / Journalist: Kate Park

Category: Technology

Markets: United StatesIndiaNorth KoreaSouth Korea

Topics: Uber Uber technologies South korea Transportation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 14:01:38 (1 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1130 words

Reading Time: 7 minutes read

Sentences: 53 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 22308438

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