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Top related persons:
Thomas White - 1 Jihoon Lee - 1 Mark Potter - 1 Heekyong Yang - 1 Ed Davies - 1
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Rights SEOUL South Korean Germany SEOUL Korea's KS Asiana
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Maeil Business - 2 Thomson - 2 REUTERS - 1 Rights - 1 Kakao - 1 South - 1 Kakao Mobility - 1 Korea's Asiana Airlines - 1

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☆ S.Korean taxi app Kakao Mobility plans to buy Europe's FreeNow - media report
  + stars: | 2023-11-15 | by ( ) www.reuters.com   time to read: +1 min
The Kakao messaging application and the Kakao T taxi booking application are seen on a mobile phone in this illustration photo March 13, 2018. REUTERS/Thomas White/Illustration/File Photo Acquire Licensing RightsSEOUL, Nov 15 (Reuters) - Kakao Mobility, a South Korean taxi-hailing service provider, plans to acquire European taxi platform FreeNow, Maeil Business Newspaper reported on Wednesday. Kakao Mobility will make a proposal as early as next week to acquire about an 80% stake in the Germany-based mobility service provider, the newspaper reported, citing an unidentified source. Responding to a Reuters request for comment, Kakao Mobility said it did not have anything to say on the matter. Kakao Mobility, a subsidiary of South Korean tech giant Kakao (035720.KS), has a market share of more than 90% of the country's taxi-hailing market.
Persons: Thomas White, Jihoon Lee, Mark Potter Organizations: REUTERS, Rights, Kakao, South, Maeil Business, Kakao Mobility, Thomson Locations: Rights SEOUL, South Korean, Germany
☆ Asiana Airlines shares jump ahead of board meeting on merger with Korean Air
  + stars: | 2023-10-30 | by ( ) www.reuters.com   time to read: +1 min
If approved, the move might help South Korea's biggest carrier Korean Airlines (003490.KS) to win European Union antitrust approval for acquiring Asiana Airlines. Asiana Airlines said on Friday that it would hold a board meeting on Monday to discuss whether to accept Korean Air's proposal to the EU, according to its regulatory filing. Reuters reported earlier that Korean Air would offer to sell Asiana's air cargo business and divest routes to four EU cities. Separately, Korean Air will convene a board meeting on Monday, said a company official who declined to share further details. At the board meeting, the carrier is expected to finalise a revised proposal to gain EU approval for its merger with Asiana Airlines, Maeil Business Newspaper reported.
Persons: Heekyong Yang, Ed Davies Organizations: Korea's Asiana Airlines, Korean Air Lines, Korea's, Korean Airlines, Asiana Airlines, Reuters, Korean Air, Maeil Business, Thomson Locations: SEOUL, Korea's, KS, Asiana
☆ Kia Corp to produce electric vehicles in the U.S. from 2024 - reports
  + stars: | 2022-09-20 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterThe logo of Kia Corp is seen on its electric vehicle EV6 during a photo opportunity in Seoul, South Korea, June 1, 2021. REUTERS/Kim Hong-JiSEOUL, Sept 20 (Reuters) - Kia Corp (000270.KS) is expected to produce electric vehicles in the United States from 2024, South Korean media Maeil Business Newspaper and TV channel SBS reported on Tuesday, citing an unidentified auto industry source. Kia Corp was not immediately available for comment when contacted by Reuters. The Inflation Reduction Act signed into law by U.S. President Joe Biden last month excludes Hyundai Motor Co (005380.KS) and its affiliate Kia Corp from federal tax credits because they don't yet make EVs in North America, knocking their EV ambitions in the short term at least. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Heekyong Yang and Joyce Lee; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
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