[Featured Stock] Obigo Rises on Becoming Largest Shareholder of Carang, Automotive Aftermarket Platform

Obigo is showing strength. The news that it secured the largest shareholder status in the automotive aftermarket platform company 'Karang' and can enter the vehicle aftermarket service business is interpreted as having a positive impact.

As of 9:44 AM on the 15th, Obigo was trading at 4,520 won, up 120 won (2.73%) from the previous trading day.

Obigo announced on the same day that it plans to secure the largest shareholder status by acquiring about 2.26 million new shares issued through a third-party allotment, securing a 35% stake in Karang.

Karang is a comprehensive vehicle management platform company operating total vehicle management businesses for corporations such as 'SK Rent-a-Car', 'T Map', and 'Socar', as well as vehicle management platform 'Kasuri' and vehicle parts platform 'iPartsNet' for general consumers. It has recorded about 24 billion won in sales last year, growing 24% annually.

Through this acquisition, Obigo plans to maximize synergy with the software-defined vehicle (SDV) service business by utilizing vehicle data and the business-to-business (B2B) customer network owned by Karang. It also plans to provide advanced services such as AI-based predictive maintenance, real-time vehicle operation optimization, and driver safety management.

Meanwhile, Obigo is a specialized SDV service platform company providing vehicle software solutions to global automakers such as Hyundai Motor Group, Renault-Nissan-Mitsubishi, and Jaguar-Land Rover.