S.Korean taxi app Kakao Mobility plans to buy Europe's FreeNow - media report

Reuters

15 November 2023 at 5:37 am·1-min read

FILE PHOTO: Illustration photo of the Kakao apps

SEOUL (Reuters) - Kakao Mobility, a South Korean taxi-hailing service provider, plans to acquire European taxi platform FreeNow, Maeil Business Newspaper reported on Wednesday.

Kakao Mobility will make a proposal as early as next week to acquire about an 80% stake in the Germany-based mobility service provider, the newspaper reported, citing an unidentified source.

Responding to a Reuters request for comment, Kakao Mobility said it did not have anything to say on the matter.

Kakao Mobility, a subsidiary of South Korean tech giant Kakao, has a market share of more than 90% of the country's taxi-hailing market. It is facing growing regulatory scrutiny after the president urged a review into its taxi app amid complaints about monopolistic practices.

(Reporting by Jihoon Lee; Editing by Mark Potter)

Malay Mail
Thursday, not Tuesday: PM Anwar raps home minister for batik blunder in Parliament
KUALA LUMPUR, July 2 — Prime Minister Datuk Seri Anwar Ibrahim today admonished Home Minister Datuk Seri Saifuddin Nasut...
Malay Mail
Online users make fun of Wan Fayhsal, Radzi for final 5km effort during Syed Saddiq's 200-km run
KUALA LUMPUR, July 1 — Muar MP Syed Saddiq Abdul Rahman took a stand against government inaction in a rather unusual way...
The Telegraph
Prison officer accused of having sex with an inmate on video appears in court
A prison officer allegedly filmed having sex with an inmate in a cell has appeared in court charged with misconduct in public office.
INSIDER
Malaysia's $100 billion ghost town is good for at least one thing: filming documentaries and shows like Netflix's 'The Mole'
Embattled Forest City is a backdrop for a handful of reality shows and documentaries.
Malay Mail
Proton makes cheeky fun of Tesla’s Cybertruck in X50 social media ad (VIDEO)
KUALA LUMPUR, July 2 — Tesla’s Cybertruck has been gaining attention for more than its futuristic design. Various online...
Malay Mail
With 2.3 million Malaysian adults living with three NCDs, doctors warn of serious public health risks
KUALA LUMPUR, July 2 — The key findings from the newly-released National Health and Morbidity Survey 2023 by the Health...
Malay Mail
Chinese badminton player, 17, dies after collapsing on court
JAKARTA, July 1 — A 17-year-old Chinese player has died after collapsing on court during an international tournament in...
The Telegraph
Macron ‘practically wiped out’, Marine Le Pen declares
Follow the latest updates in our French election liveblog
HuffPost Life
Gastro Doctors Share The 1 Food They Never (Or Rarely) Eat
The experts on gas, bloating, colon cancer and other digestive issues share what they avoid themselves.
Associated Press
Nepalese spiritual leader ‘Buddha Boy’ sentenced to 10 years in prison for sexual assault on minor
A controversial spiritual leader in Nepal known as “Buddha Boy” has been sentenced to a 10-year prison term Monday for sexually assaulting a minor, court officials said. Ram Bahadur Bamjan — believed by some to be the reincarnation of the founder of Buddhism — was also ordered to pay $3,700 in compensation to the victim by a judge at the Sarlahi District Court in southern Nepal. The man will have 70 days to appeal against the court order, court official Sadan Adhikari said.
Malay Mail
Spurned by Perikatan, Ramasamy says ‘time for Urimai to be a political coalition’ in Malaysia
KUALA LUMPUR, July 2 ― The fledgling United Rights of the Malaysian Party (Urimai), an emerging political entity that...
The Independent
A pair of siblings were stabbed and the sister’s dying words were that the killer was a man from Detroit. Thirty-four years later, he’s been arrested.
Pamela Sumpter, was raped and stabbed, and her brother John Sumpter was stabbed to death, at their Georgia home on July 15, 1990. Andrea Cavallier reports
People
Taylor Swift Gets Stuck on Platform After Stage Malfunction During Dublin Concert
One of the popstar's backup dancers, Jan Ravnik, came to her rescue during the Eras Tour mishap
People
Woman Was Killed by Man Her Mom Had Forced Her to Marry — and Now the Mother Is Convicted
Prosecutors in Australia said Sakina Muhammad Jan forced her daughter to marry a man she didn't want to wed in November 2019, weeks before he killed her
The Independent
Prostitute is fatally strangled then sexually assaulted inside Las Vegas casino by man who said he ‘snapped’
Jason Kendall, 35, is being held without bond in connection to the murder of Larissa Garcia at a Las Vegas casino
Malay Mail
Teh tarik satu, boss? Otters are surprise ‘regulars’ at a Perak mamak (VIDEO)
KUALA LUMPUR, July 2 — Visitors to a mamak eatery in Perak got a furry surprise when a pair of otters dashed into the es...
Malay Mail
Transport minister: Bus in Genting Highlands crash had expired permit and is over 15 years old
KUALA LUMPUR, July 1 — Transport Minister Anthony Loke today revealed that the bus that crashed in Genting Highlands and...
Cinema Online
Jiang Zhihao reveals hardship in battling lung cancer
The "Youth with You 3" alumnus says that his condition has worsened since last update
CNN
The reason why NATO and Europe found Biden’s debate performance so alarming
Joe Biden’s performance at the CNN presidential debate against Donald Trump has raised concerns with US allies - particularly within NATO and Europe.
Futurism
China Cracks Open First Ever Sample From Moon’s Far Side
"Thicker and Stickier" After boldly going to the Moon's far side, China is now in possession of more than four pounds of lunar samples — the first ever collected in human history from that mysterious region. The state-run China Daily newspaper reports that the Chang'e 6 robotic lunar lander, which touched down back on Earth […]

Latest stories