[Alpha Biz=(Chicago) Reporter Kim Jisun] It has been confirmed that the process of establishing a joint venture between Kakao Mobility and LGU+ for charging electric vehicles is nearing the end.

According to the industry on the 1st, the Fair Trade Commission (FTC)'s business combination is in the final stage to establish a joint venture related to Kakao Mobility and LGU+'s electric vehicle charging business.

"We are going to make the last-minute review as soon as possible because it was received in the second half of last year," an FTC official said. "There are things to look into such as related platforms (charging electric vehicles) and the opinions of stakeholders."

Previously, Kakao Mobility and LGU+ decided to invest 25 billion won each in July last year to create a joint venture for the electric vehicle charging business and applied to the FTC for a review of the business combination.

Participating companies are also busy ahead of the announcement of the results of the FTC's business combination review.

The company is also hiring technical personnel so that it can proceed with the project quickly when it passes the corporate combination review. Kakao Mobility recently announced that it will recruit 'JV electric vehicle charging service company'. "Currently, we are faithfully responding to the FTC's request to submit data and are waiting for the results of the business combination," a Kakao Mobility official said. "If approved, we will establish JV in accordance with the following procedures."

 

 

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