GM Explores Defense Manufacturing Partnership With Lockheed Martin 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Carro Expands Into Australia With Acquisition of Used-Car Platform CarPlace 
Asian Stocks Advance as Nikkei Nears Record High Ahead of Fed Decision 
Saudi Aramco Explores Sulphur Business Stake Sale to Raise Billions 
ASX Proposes New Share Dilution Limits for Public Takeovers 
HSBC Australia Faces A$35M Penalty Over Scam Protection Failures 
German Industry Employment Falls to Lowest Level in a Decade 
SoftBank Vision Fund CFO Navneet Govil to Exit After Decade-Long Tenure 
SK Hynix Shares Hit Record High After Shipping Next-Generation HBM4E AI Memory Samples 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Dollar Slips as U.S.-Iran Peace Deal Optimism Boosts Risk Appetite Ahead of Fed Decision 
US-Iran Ceasefire Deal Extends Peace Talks and Eases Oil Trade Restrictions 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead 
UK Banks Report Surge in APP Fraud Losses as Pressure Mounts on Meta and Tech Platforms 
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.
