| Founded | 2011 |
|---|---|
| Closed | 2022 |
| Country | South Korea |
| Sector | Mobility |
| Collapse type | Mass Layoff Spiral |
| Founder | Lee Jae-woong, Park Jae-uk |
SOCAR Korea
"Korea's car-sharing king IPO'd at the worst moment and lost two-thirds of its value in 90 days."
Cascading layoffs that accelerated the decline
Key Events Timeline
SOCAR, South Korea's leading car-sharing platform founded by Lee Jae-woong, raised KRW 900 billion and attempted an IPO on KOSPI in August 2022.
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