404Kakao Withdraws Business Expansion Plans Under Concerns of Affecting Small Businesses - NSP NEWS AGENCY(English)
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Kakao Withdraws Business Expansion Plans Under Concerns of Affecting Small Businesses

NSP NEWS AGENCY, By hYUNJIN KIM Journali, 2021-09-17 21:50 END7
#카카오 #business plan

(서울=NSP통신) hYUNJIN KIM Journali = Kakao and its major affiliates decided to reinforce taking social responsibility through; ▲ dropping the business plan concerned to be competing with mom-and-pop stores ▲ raising 300 billion won worth of funds to support partners for the next five years ▲ letting K Cube Holdings focus on creating social value, in a meeting held on 13 and 14 September.

The company will sort out affiliates that share a business domain with small businesses. K Cube Holdings, a company 100% owned by the founder Brian Kim, will transform to create social value, including education for future industries and fostering workforces.

Kakao Mobility. announced to join Kakao’s adjustment.

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The ride-hailing company acknowledged the influence of Kakao T on Korean society and decided to ▲ abolish its “smart call” service and ▲ decrease the “pro-membership” rate for taxi drivers to 39,900 won per month, lifting a burden for taxi drivers and its users.

Kakao decided to scrape off B2B flower, snacks, and salad intermediary delivery services, which were under fire for potential harm for small local businesses.

The company also announced a plan for designated driver services in the entire country to replace the existing 20 percent of the fixed fee with variable fees, which may apply from 0 to 20 percent according to supply and demand.

NSP News Agency hYUNJIN KIM Journalist kimhj30310@nspna.com
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