Naver’s AI-powered search, online shopping services to go into full swing

South Korea’s Naver Corp. has been preparing for years to take its artificial intelligence-based services to the next level. The tech giant no...

Socar launches car-sharing service with Naver's generative AI

South Korea’s mobility platform operator Socar Inc. has introduced a car-sharing service utilizing generative artificial intelligence in coope...

Macquarie bids for transportation card operator Loca Mobility

Macquarie Asset Management participated in a bid on Dec. 6 to acquire Loca Mobility Corp., Lotte Card Co.’s subsidiary and the second-largest ...

Mobility platform Socar slashes price to push ahead with IPO

South Korea’s first mobility unicorn Socar Inc. has cut its IPO price by 18% to push ahead with its stock market debut, according to industry ...

Korea’s Socar gets pushback for high valuation ahead of IPO

South Korea’s mobility unicorn Socar Inc. faces controversy over its valuation after the car-sharing startup set the price guidance for its in...

Mobility platform Socar targets $1.2 bn value for Aug IPO

South Korea’s car-sharing platform Socar Inc. has estimated its corporate value at up to 1.6 trillion won ($1.2 billion) for an initial public...

Unicorns like Socar and Kurly to dominate Q2 IPOs

Korea’s first mobility unicorn Socar and an online grocery delivery service operator Kurly Inc. are scheduled to begin the process of an IPO e...

SK's car-sharing service SoCar Malaysia sees valuation top $210 mn

Car-sharing platform SoCar Mobility Malaysia has raised around 65 billion won ($55.6 million) from South Korean private equity firm EastBridge Partn...