Smartkarma Originals

Kakao Mobility: Number One Mobility Company in Korea

  • 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.

• Korea/Asia, New Economy, IPOs, Events • (Opens in a new window) ⧉

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