TPG-led group to invest $437m in S.Korean Kakao's taxi-hailing unit

TPG-led group to invest $437m in S.Korean Kakao's taxi-hailing unit

South Korea’s largest chat app service provider Kakao Corp and TPG said on Friday a consortium led by the private equity firm agreed to invest 500 billion won ($436.88 million) in Kakao’s new taxi-hailing service unit.

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