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Business deals

Kakao to link Korea-Japan taxi-hailing apps

South Korean company will invest $14m in JapanTaxi

Tourists in South Korea and Japan will be able to use the linked ride-hailing apps from Kakao Mobility and JapanTaxi. (Photo by Yuichi Shiga)

TOKYO --  South Korea's Kakao Mobility plans to make a 1.5 billion yen ($13.5 million)  investment in JapanTaxi and link their taxi-hailing apps by the end of this year, enabling South Korean tourists to book cabs in Japan.

The mobility unit of internet company Kakao intends to take an estimated 2% to 3% stake in its Japanese partner via a private placement of new shares.

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