Bank of England Sees Surge in Higher-Risk Collateral 
Lenovo Shares Fall After Dropbox Security Breach Exposes ID Vulnerability 
Shein Shares Slide 9% in Hong Kong IPO Debut 
German Retail Sales Drop 3.4% in July 
Dollar Hits Two-Week High as Iran Conflict Lifts Oil and Bond Yields 
Gold Prices Slide as Iran Conflict Fuels Fed Rate Hike Bets 
Honda, Nissan Eye Shared Vehicle Software Platform by 2029 
SpaceX Mobile Network Could Cost Up to $130 Billion, Bernstein Says 
Asian Stocks Tumble as Oil Surge Fuels Rate Hike Fears 
Star Entertainment Shares Fall After A$307 Million FY2026 Loss 
OpenAI Nears Astra AI Model Launch With Safety Focus 
Asian Stocks Slip as Fed Rate Hike Bets and Oil Surge Weigh 
GM Canada Workers Approve C$1.1 Billion Investment Deal 
Treasury Yields Set to Stay High as Debt Supply Pressures Bond Market 
Street Poller Media and The Boom of the Street Interview Ad Industry 
Apple’s Phil Schiller Steps Back as Leadership Shake-Up Accelerates 
Dollar Holds Near Two-Week High as Fed Rate Hike Bets Rise 
Add as a preferred source on Google
Kakao Mobility Co. Ltd., a transportation company based in South Korea, has formed an alliance with four major delivery services to boost sales while cutting operation costs as well. The company signed deals with Dealver, Delion Group, Super Hero, and Manna Planet on Monday, Jan. 30.
According to The Korea Economic Daily, Kakao Mobility said it has inked an agreement with the firms for delivery service business. They will jointly work on the development of the “last mile industry" with the mentioned delivery firms.
It was explained that the ”last mile” is referring to the last step in the delivery of products to customers. Kakao’s mobility unit is planning to link the four delivery firms to orders from Kakao T Walking Delivery, a type of service that delivers simple items like groceries, bakery items, and cosmetics to customers living within a 1.5 km radius from the stores.
Kakao Mobility’s goal for these partnerships with delivery companies is to build a "win-win" model in this line of business and motivate the market. Moreover, for the deals, it will be developing a sharing platform that will link the orders from Kakao T Walking Delivery. Kakao Mobility will also be the one that will operate this system.
Dealver, Delion Group, Super Hero, and Manna Planet will be receiving support from Kakao Mobility. This setup will allow it to focus on the quality management of the deliveries.
Meanwhile, Kakao Mobility has also entered the Laos market recently. The Korea Times reported that it is set to sign an agreement with LVMC Holdings, a Vietnamese mobility company soon.
The firm said on Tuesday, Jan. 31, that once the deal is completed, it will launch its local service platform in the country this year. It will also offer services that are specially created for the Laotian market.
"With the company's entry to the Laotian market, we will continue to create successful overseas expansion cases that demonstrate global competitiveness in Southeast Asia ― a major mobility market in the world," an official at Kakao Mobility stated.
