Press Release 2018.02.27

Kakao Mobility Introduces Cab-hailing Service for Corporates

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Seoul, South Korea - February 27, 2018

Kakao Mobility, a mobility arm of South Korea's top mobile messaging app service provider Kakao, announced today it launched 'Kakao T for business', the new cab-hailing service customized for companies.

As a start, the operator of Kakao T, South Korea's leading cab-hailing, navigation, parking and driver-for-hire service platform, starts providing the service for 400 companies including LOTTE department store and BCcard. The South Korea-based company said an additional 6,000 plus local companies are contemplating the use of the new service.

The employees of the member companies for Kakao T for business can use the ride-hailing service with ease since their taxi fares are automatically paid with the corporate cards registered in the app upon arrival at their destinations. The passengers from the companies do not need to go through the hassles of keeping and submitting ride receipts to the companies for reimbursement.

The new service is also beneficial to the firms partnered with Kakao Mobility in that the process of reimbursing employees' taxi fares will become simpler and more efficient. Kakao Mobility also plans to unveil premium ride-hailing and chauffer service for corporates.

John Jung, Kakao Mobility CEO, said "The introduction of Kakao T for business is a testament to our commitment to evolving and expanding our services for better user experience and for the improved profitability for our partner taxi drivers."
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About Kakao Mobility
Kakao Mobility is South Korea's leading mobility service provider spun off from Kakao in August 2017. Under the philosophy of "Make every moment of users' journey faster, safer and more convenient", Kakao Mobility operates Kakao T, the mobility app for cab-hailing, navigation, parking and chauffeur service. In June 2017, Kakao Mobility attracted $461 million (KRW 500 billion) investment via a strategic partnership with a consortium led by a U.S. private equity fund TPG.


About Kakao
Kakao, better known as South Korea's largest mobile messaging app operator, is an integrated mobile lifestyle platform company with services including mobile messaging (Kakao Talk), gaming (Kakao Games), music (Melon), e-mail (Daum Mail), search (Daum Search), news (Daum News), and more. With the mission of "Connect Everything", Kakao is dedicated to creating an ecosystem of connectivity where people can stay connected with family and friends by sharing what matters to them. For more, please visit at www.kakaocorp.com.


Press Contact
Jeff Kim
Communications Manager
jeff.kim@kakaocorp.com
+82-02-6718-2889
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