[Featured Stock] DA Technology 'Kakao Mobility IPO Process Begins'... Wizdom Emerges as Second Largest Shareholder

[Asia Economy Reporter Hyunseok Yoo] DA Technology is showing strong performance. It appears to be influenced by the news of Kakao Mobility entering the initial public offering (IPO) process.

As of 11:12 AM on the 25th, DA Technology was trading at 6,940 KRW, up 8.27% (530 KRW) compared to the previous trading day.

According to related industries, the day before, Kakao Mobility sent a Request for Proposal (RFP) containing its listing plan to major domestic and international securities firms. It was spun off as a subsidiary from Kakao's smart mobility division in 2017. Through its mobile mobility platform ‘KakaoT,’ it holds an 80% market share in the domestic taxi brokerage market, gaining recognition for its market value.

Not only in taxi brokerage but also in the franchise taxi (brand taxi·KakaoT Blue) business, it leads the industry by securing 26,000 taxis, the largest number among domestic companies. In the designated driver market, it recently partnered with the operator of ‘1577 Daeri Driving,’ the number one phone call (phone request) service, aiming to expand its market share. KakaoT has also expanded into quick delivery and courier brokerage, as well as public transportation and airline reservations.

DA Technology is the second largest shareholder of Wizdom. Wizdom has provided services as the operator of KakaoT's 'Ultra Korea Kakao T Shuttle Bus.' Wizdom's shuttle buses operated 19 routes to event venues in the Seoul area, metropolitan area, and provincial regions.

This content was produced with the assistance of AI translation services.