Kakao Mobility Expands Services, Secures 140B Won in Shares Offering

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Kakao Mobility secured 140 billion won from PEFs, raising its total outside funding to 920 billion won, the highest amount for a domestic mobility company. Kakao Mobility Corp., the largest South Korean cab-hailing and parking service app operator announced that it had acquired additional investments. During the latest funding round, the Kakao subsidiary secured a combined 140 billion won ($125.69…
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