bullish
Kakao Mobility: Number One Mobility Company in Korea
376 Views04 Jul 2022 14:30
SUMMARY
- Kakao Mobility provides taxi, car chauffeur, navigation, and delivery services in Korea. Kakao Mobility's Kakao T app is the number one mobility company in Korea with 31 million members.
- Kakao Mobility is considering both an IPO and a strategic sale of the company. MBK Partners is in discussions with Kakao Mobility for a controlling 40% stake in the company.
- The company has achieved excellent growth in sales and profits. Kakao Mobility had sales of 546.5 billion won (up 95.1% YoY) and operating profit of 12.6 billion won in 2021.
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