By Reuters Staff
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FILE PHOTO: The logo of Google is seen on a building at La Defense business and financial district in Courbevoie near Paris, France, September 1, 2020. REUTERS/Charles Platiau
SEOUL (Reuters) - South Korea’s Kakao Mobility has secured a strategic investment from Google of 56.5 billion won ($50.1 million), the transportation firm and parent Kakao Corp said on Thursday.
Kakao Mobility’s app, Kakao T, has 28 million registered users, and offers South Korea’s most popular taxi-hailing service as well as other transportation services.
Carlyle Group Inc agreed to invest $200 million earlier this year, valuing Kakao Mobility at 3.42 trillion won.
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SEOUL, South Korea, March 15, 2021 /PRNewswire/ Kim Beom-su, chairman of Kakao, has signed the Giving Pledge, officially pledging to donate more than half of his personal assets to society.
Kakao announced that Kim became the 220th pledger of the Giving Pledge on March 16.
Kim Beom-su, chairman of Kakao
The Giving Pledge is a global philanthropic movement that was launched in 2010 by Microsoft chairman Bill Gates and his wife Melinda Gates along with Berkshire Hathaway chairman Warren Buffett. The Giving Pledge is a moral commitment by the world s wealthiest to give the majority of their wealth to charitable causes. Currently, there are 220 pledgers from 25 countries, including Tesla founder Elon Musk, Facebook founder Mark Zuckerberg and Virgin Group founder Richard Branson.