The initial public offering of South Korea's Lotte Rental Co., set for next month, will likely produce high double-digit to low triple-digit returns to the National Pension Service (NPS) in six years of its investment.Lotte Rental, the country's largest car rental and auto leasing company, wil
42dot CEO Song Chang-hyun will lead Hyundai's TaaS division Hyundai Motor Group has created a new Transportation-as-a-Service (TaaS) division that will oversee the mobility businesses of Hyundai Motor Co. and Kia Corp. According to the group on Apr. 16, the new division will be responsible for
Lotte Rental, Korea's largest car rental and auto lease company South Korea’s leading rental car company Lotte Rental Co. has kicked off an initial public offering process to raise some 400 billion won ($360 million) through the share sale, likely to happen in September at the earliest.Ac
South Korea’s leading rental car company Lotte Rental Co. has resumed its initial public offering process, despite having earlier postponed it, to address the increasing financial burden placed on its parent company Hotel Lotte Co.The company has received requests for proposals from do
42dot, a South Korea-based autonomous driving startup, plans to launch a Level 4 self-driving service in some areas of Seoul next year.The company said on Dec. 21 that it has received a temporary permit from the transport ministry to operate Level 4 autonomous vehicles, which run without human