Kamo Reviews Investment in Tmoney Mobility Sector Spin-off Corporation

Kakao Mobility is confirmed to be considering an investment in the newly established company created through the physical division of Tmoney.

According to industry sources on the 8th, Kakao Mobility is reviewing an investment plan for the company newly established by Tmoney through the physical division of its mobility, value-added communication network, and electronic payment gateway (PG) business sectors (tentatively named Tmoney Mobility). Earlier, Tmoney announced the establishment of the new company through physical division on the 4th, with the division date set for April 1, 2025.

A Kakao Mobility official stated, "We have confirmed that Tmoney is considering the advancement of public transportation infrastructure through the establishment of the new company," adding, "It is not a joint venture (JV) form, and we are reviewing whether there are possible cooperation methods such as investment, but nothing has been finalized."

They continued, "Kakao Mobility has continuously collaborated with Tmoney, which has been a taxi-related settlement company and active in the public mobility sector since the early stages of the business," and added, "Based on the existing cooperative relationship, we plan to explore the advancement of public transportation infrastructure and the activation of domestic tourism by securing new demand including foreigners."

However, regarding claims that an open taxi call service allowing both general taxis and franchise taxis to join would be operated using Tmoney's integrated public transportation platform 'TmoneyGO,' Kakao Mobility drew a clear line. The company stated, "Contrary to some claims, the direction of launching a new platform or opening general calls is not true."

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