According to reports in foreign media, China's largest ride sharing platform Didi Chuxing plans to enter the South Korean market in 2020.
South Korea's Mirae Ohsung Group said that the company is preparing the establishment of a South Korean subsidiary with Didi Chuxing in 2020.
An executive from Mirae Ohsung Group revealed that they are implementing close cooperation with Didi Chuxing, hoping to launch the South Korean subsidiary in 2020. They have basically completed mobile platform design and they are waiting for the final decision of Didi Chuxing. In addition, their office for the subsidiary is also ready and Kim Beom-chang, president of Mirae Ohsung Group, will be director of the subsidiary.
This move is considered a part of Didi's global expansion strategy to compete with Uber. At the beginning of 2019, the Chinese company just expanded its business into South America; and it entered Austria and Japan in 2018.