Uber Technologies Inc. and SK Telecom Co. plan to invest 150 million US dollars to establish a joint venture in South Korea to expand the scope of services while reducing competition and regulatory pressure in South Korea. The two companies will hold 51% and 49% of the joint venture, respectively. The new joint venture is still awaiting approval from South Korean regulators and is expected to start operations in the first half of next year. < p > < p > it is reported that SK Telecom Co. will split its map and online car Hailing Department t map mobility as an independent company from December 29 to create a service that serves more than 200000 drivers and 750000 taxi users every month. Sk Telecom’s shareholders will vote on the plan at its shareholders’ meeting on November 26, which will take effect on December 29, the report said. Uber and SK will launch a co branded mobile platform after obtaining regulatory approval. It will compete with kakao Corp., which runs South Korea’s largest travel service. Skip to content