The Korea Fair Trade Commission noted that Kakao Mobility had enforced practices that restricted competitor access to its Kakao T app, asserting that competitors were forced to pay fees or share operational data to gain access. This action, seen as an anti-competitive practice, has ultimately led to the fine, highlighting the extreme market control Kakao holds in the ride-hailing space with a staggering 96% market share.
Kakao Mobility's commanding presence in South Korea's ride-hailing market is underscored by their 13.2 million monthly active users, vastly outnumbering their closest competitor, each of which barely scratches the surface with user counts in the thousands. Such dominance raises concerns about fair competition and the potential for regulatory scrutiny, especially as the company faces ongoing investigations into its business practices.
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