Industry
Bike-sharing biz heats up in Korea with Kakao, Socar joining
March 12, 2019
South Korea’s ride-sharing companies are expanding their business portfolios into electric bike-sharing, creating high expectations as municipalities scramble to introduce the service as an alternative to conventional transportation. The country’s major messenger app company, Kakao, has entered the e-bike sharing business with a new service called Kakao T Bike. The company began its service on Mar. 6 in Incheon and Seongnam, Gyeonggi Province. Socar, a Seoul-based car-sharing startup, also joine