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Kakao Mobility Advocates for Reinstatement of CEO Amid Accounting Fraud Allegations

Kakao Mobility Advocates for Reinstatement of CEO Amid Accounting Fraud Allegations

SEOUL, March 19 (Korea Bizwire) – Kakao Mobility Corp., South Korea’s top taxi-hailing service operator, has been pushing for plans to reappoint its CEO, despite the state financial regulator’s recommendation to replace him amid allegations of accounting fraud, industry sources said Tuesday. In a general shareholders’ meeting slated for next week, Kakao Mobility will carry [...]

Kakao Mobility Partners with Startups to Launch ‘NEMO ride’ Autonomous Driving Service on Jeju Island

Kakao Mobility Partners with Startups to Launch ‘NEMO ride’ Autonomous Driving Service on Jeju Island

JEJU, Mar. 15 (Korea Bizwire) – Kakao Mobility, in collaboration with the startup RideFlux and the Jeju Free International City Development Center (JDC), announced on March 15 the launch of an autonomous driving service named ‘NEMO ride’ around a high-tech complex on Jeju Island. Designed to alleviate transportation challenges in areas known for heavy traffic congestion [...]

Naver Partners with Saudi Public Transport Company to Revolutionize Urban Transit

Naver Partners with Saudi Public Transport Company to Revolutionize Urban Transit

SEOUL, Mar. 7 (Korea Bizwire) –South Korean tech giant Naver has announced a strategic partnership with the Saudi Public Transport Company (SAPTCO) to improve Saudi Arabia’s urban transport system through the deployment of an intelligent transportation system. This collaboration, formalized through a Memorandum of Understanding (MOU) on March 7, aims to leverage cutting-edge technologies like [...]

Seoul to Launch River Bus Service along Han River in October

Seoul to Launch River Bus Service along Han River in October

SEOUL, Feb. 1 (Korea Bizwire) — Boats will run in the Han River like buses starting in October on a seven-stop route between the northwestern district of Magok and the southeastern district of Jamsil, the Seoul city government said Thursday. The Hangang River Bus service will reduce the travel time between Jamsil and the financial [...]

Yoon Vows Sweeping Improvements to Commuter Transport in Seoul Metropolitan Area

Yoon Vows Sweeping Improvements to Commuter Transport in Seoul Metropolitan Area

SEOUL, Jan. 25 (Korea Bizwire) — President Yoon Suk Yeol vowed Thursday to make sweeping improvements to commuter transport in the Seoul metropolitan area by extending express rail networks and adding new bus lanes and double-decker electric buses. Yoon made the remark during a government-public debate on people’s livelihood issues, the sixth in a series, [...]

Bags Most Common Lost Items on Korail Trains Last Year

Bags Most Common Lost Items on Korail Trains Last Year

SEOUL, Jan. 23 (Korea Bizwire) — The Korea Railroad Corporation (Korail) reported that bags were the most frequently lost items on its trains and at its stations last year. According to a statement from Korail on January 22, a total of 247,225 lost items were reported in 2022, marking a 51.9% increase from the previous year. [...]

Seoul Citizens Applaud Subway Re-entry Policy as Top Civic Proposal

Seoul Citizens Applaud Subway Re-entry Policy as Top Civic Proposal

SEOUL, Dec. 26 (Korea Bizwire) – A new policy that allows passengers to reboard Seoul subways within 15 minutes after using the restroom or for other reasons has emerged as the most popular proposal by a Seoul city government official this year. The Seoul Metropolitan Government revealed on December 25 that the proposal topped the ‘Creative [...]

Seoul to Launch Comprehensive Monthly Transit Pass Next Month

Seoul to Launch Comprehensive Monthly Transit Pass Next Month

SEOUL, Dec. 19 (Korea Bizwire) — The Seoul city government said Tuesday it will launch an all-inclusive monthly transit pass service starting next month, offering unlimited access to the city’s subway and buses at a fixed price of 62,000 won (US$47.36). The Climate Card, set to debut on Jan. 27, will be the first in the country to offer an eco-friendly transit pass [...]