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Market Chatter: Kakao Mobility, Renault Korea Sign MOU on Connected Vehicle Services

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Kakao's (KRX:035720) mobility subsidiary Kakao Mobility and Renault Korea have signed a memorandum of understanding to collaborate on connected vehicle and future mobility technologies, Yonhap News Agency reported Wednesday, citing company statements.

As part of the deal, The companies will work on high-precision mapping, software solutions for advanced driver assistance systems and in-vehicle infotainment and connectivity services.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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