SoCar, RideFlux to Test Run Driverless Shuttle Service in Jeju Island

Car-sharing app operator SoCar and partner RideFlux will launch a test run for self-driving shuttle service in Jeju Island during this year’s first half. / photo courtesy of SoCar

South Korean car-sharing service company SoCar will start a test run of their driverless shuttles on Jeju Island. SoCar’s scheduled ...

SoCar Becomes First Mobility Startup Unicorn After 60Bln Won Funding

by James Jung

October 16, 2020

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South Korean car-sharing and ride-hailing startup SoCar announced on Friday that it attracted a new 60 billion won ($52.5 million) ...

SoCar announced that it would launch its Private Label Credit Card (PLCC) with the credit issuer Hyundai Card to bring more benefits to its customers.

SoCar to Launch Private Label Credit Card Benefits under Hyundai Card

by James Jung

July 23, 2020

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SoCar announced that it would launch its Private Label Credit Card (PLCC) in partnership with the credit issuer Hyundai Card. ...

Tada Operator VCNC Files Appeal against Revised Transport Act

by James Jung

May 6, 2020

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The operator of the South Korean ride-hailing service provider Tada, Value Creators & Company (VCNC), filed an appeal to the ...

The plenary session passes into law the Anti-Tada Bill.

Anti-TADA Bill Approved into Law, Halting Innovation

by James Jung

March 6, 2020

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The National Assembly plenary session of Friday passed the revision bill aimed at banning TADA, a car-sharing service operated by ...

KITA supports SoCar for solutions testing.

Socar Collaborates with KITA to Conduct Solutions Testbed Project

by James Jung

February 27, 2020

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South Korea's largest ride-hailing service provider SoCar, amid issues surrounding its legality, received support from the Korea International Trade Association ...

Seoul Court: Tada Did Not Violate Transportation Law

by KoreaTechToday Editor

February 19, 2020

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The Seoul Central District Court ruled on Wednesday in favor of Socar and its subsidiary Value Creators & Company (VCNC), ...

S. Korea’s SoCar Secures 51 Bn Won Amid Legal Setbacks

by James Jung

February 6, 2020

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SoCar announced on Wednesday that the company secured a total of 51 billion won ($43.1 million) since December from several ...

Socar Acquires Korean Interior Precision Map Startup Polariant

by KoreaTechToday Editor

May 3, 2019

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Korean car-sharing company Socar said on April 17th that it will take over Polariant, an indoor precision positioning technology startup, ...

[Breaking News Korea Tech] Socar Shifts Gears with a $44.5M USD Windfall

by KoreaTechToday Editor

January 15, 2019

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Socar, a Korean ride-sharing platform, is planning to rev up development with an investment worth $44.5M USD (50B KRW). The ...

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