Revenue from the company’s core car-sharing business rose 16.8 percent year on year to a record 100.5 billion won, driven by higher revenue per vehicle. It is now expanding into long-term rentals through Socpick, its new monthly subscription service, which saw weekly new contracts more than quadruple in its first month.
Tags: Socar, Q3 earnings, record revenue, car sharing, Socpick, car subscriptions
Ryu Yuna
Yuna Ryu covers finance, capital markets and Southeast Asian affairs.
She is drawn to the questions that numbers raise and the stories that data alone cannot answer.
Prior to journalism, she worked at Hyundai Motor Company and the Singapore Chamber of Commerce, focusing on business strategy and international affairs. She has also hosted diplomatic receptions and international conferences as an MC.
Ryu holds a master's degree in Media and Communication from Korea University, where her research focused on neuroscience-based studies of media effects.
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