Kakao Mobility (CEO, Eung-seon Ryu) announced on the 18th that it has attracted an investment of $200 million from the Carlyle Group, a global investor.
Kakao Mobility plans to aggressively expand new business and invest in technology based on this investment attraction.
This Carlisle investment attraction took place three and a half years after the TPG investment in 2017. It received an evaluation of the enterprise value of 3.4 trillion won (based on post money). Kakao Mobility, which has actively built partnerships with other companies and startups, is expected to revitalize the growth of the domestic mobility industry as a result of securing large-scale funds.
Gung-seon Ryu, CEO of Kakao Mobility, said, “Based on this investment, we are able to grow to a level that can compete with global players in terms of technology as well as scale.” The state will be able to realize smart mobility even faster.”
Next, CEO Ryu emphasized, “I will try to establish a virtuous cycle structure that allows the entire domestic mobility ecosystem to grow based on Kakao T.”
Meanwhile, the Carlyle Group has been investing in the Korean market for more than 20 years. In 2018, it sold a stake in ADT Caps, the second largest security service company in Korea, to SK Telecom and Macquarie.
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