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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Jisun] Claims have surfaced that SK may completely exit the taxi business it has been operating for the past four years.
According to industry sources on the 3rd, T Map Mobility, a subsidiary of SK Square, has recently begun discussions to divest its stake in UT, a joint venture established with Uber. Various options are being considered, including Uber acquiring some or all of T Map Mobility's shares.
Currently, UT's ownership is split with Uber holding 51% and T Map Mobility holding 49%. Uber first entered the South Korean market in August 2013 but withdrew due to legal controversies. Eight years later, in April 2021, Uber re-entered the market by launching the joint venture UT with T Map Mobility.
Instead of focusing on UT, T Map Mobility is expected to expand and concentrate on its 'data' business to enhance profitability.
Regarding the potential stake sale, a T Map Mobility representative stated, "We are exploring various options for business expansion, including the data business, but it is difficult to confirm anything related to the divestment of our stake."
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
