Kakao taxi app fined for giving more calls to franchise cabs

Yoo Sung-wook, chief of the anti-monopoly bureau at the Fair Trade Commission, holds a press conference at the government complex in Sejong, central South Korea, on Feb. 14, 2023. The antitrust regulator said it has decided to slap a fine of 25.7 billion won (US$20 million) on Kakao Mobility Corp., the nation's leading taxi-hailing service, for manipulating its algorithm to secretly give more calls to cabs under its franchise. (Yonhap)

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