Kakao Mobility acquires the urban parking service operator GSPark24

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[Courtesy of Kakao Mobility]

SEOUL – In an effort to expand the range of ICT-based mobility services, the mobility services wing of South Korean web services giant Kakao has acquired GSPark24, an operator major car park service with some 400 paid car parks in urban areas.

Kakao Mobility is South Korea’s preferred mobility service operator providing various services such as taxi reservations, parking lot reservations, long-distance bus reservations and train reservations through “Kakao T”, an app. for all-in-one smartphone. Drivers can search for an empty parking space in a nearby parking lot and benefit from discounts.

The most used service is “Kakao Taxi”, the taxi call service which has more than 10 million monthly active users in August 2021. In 2019, Kakao Mobility acquired nine taxi companies to have a fleet of some 900 taxis under direct management. and establish an infrastructure for taxi services based on information and communication technologies (ICT). There are over 16,000 affiliated taxis in Kakao in 2021.

Kakao Mobility said in a regulatory filing on December 8 that the company acquired a 100% stake in GSPark24 for 65 billion won ($ 55 million). “We were able to establish a foundation that will become a test bed for various technologies and related services,” Lee Chang-min, CFO of Kakao Mobility, told reporters, noting that parking lots are the point of departure and arrival. urban mobility infrastructure.

Kakao Mobility plans to integrate artificial intelligence into its parking service to solve urban problems caused by the lack of parking spaces. AI predicts the use of space inside a parking lot, guidance services for nearby parking lots, and traffic distribution. The company is reportedly looking to test various services such as electric vehicle charging, car washing and repair services using GSPark24 parking spaces.

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