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.
