Socar
Socar is South Korea's largest car-sharing platform, offering on-demand vehicle rental through a mobile app. Founded in 2011 on Jeju Island by Daum co-founder Lee Jae-woong, the company operates a fleet of thousands of vehicles across hundreds of pickup zones nationwide and holds a dominant share of Korea's domestic car-sharing market. Socar has expanded beyond car-sharing into a broader mobility platform, including micromobility, parking, intercity bus tickets, and an autonomous driving joint venture with Krafton. The company achieved unicorn status in 2020 and listed on the KOSPI in August 2022, becoming the first Korean mobility unicorn to go public.
Public Company
Socar is publicly traded
IPO'd on August 22, 2022
This company is no longer available on our private secondary market. Shares can be traded publicly under 403550.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2011
Employees
501–1,000
Total Funding
$322M
5 rounds
Last Private Valuation
$1B
March 8, 2022
Funding
Total raised $322M across 5 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series G
Date
March 8, 2022
Amount
$150M
Valuation
$1B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| March 8, 2022 | Series G | $150M | $1B | Lotte Rental |
| 2020 | Series E | $44.5M | — | Not disclosed |
| April 2018 | Series D (IMM PE) | $53.5M | — | IMM Private Equity |
Leadership
Park Jae-wook
CEO
Lee Jae-woong
Founder & Chairman
Competitors
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Greencar
Korean car-sharing service founded in 2009 that launched Korea's first commercial car-sharing in 2011; operates ~7,000 vehicles across 2,300+ zones, owned by Lotte Rental.
Kakao Mobility
Mobility subsidiary of Kakao operating taxi-hailing, navigation, and car rental services in Korea.
Lotte Rent-a-Car
Korea's largest traditional car rental company and parent of Greencar, owned by Lotte Group.
SK Rent-a-Car
Major Korean car rental operator and competitor in the broader shared-mobility market.
Tmap Mobility
SK Telecom-backed Korean mobility platform with navigation, taxi-hailing, and rental partnerships.
Socar Investment FAQ
Socar FAQ
Yes, Socar is publicly traded under the ticker symbol 403550 on the KOSPI. The company went public in August 22, 2022.
Socar trades under the ticker symbol 403550 on the KOSPI. It began trading in August 22, 2022.
Socar (403550 on the KOSPI) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker 403550 to place an order.
Socar went public in August 22, 2022 via ipo, with an offering valuation of approximately $1B. Socar listed on the KOSPI on August 22, 2022 under ticker 403550, becoming the first Korean mobility unicorn to go public. The IPO priced at 28,000 won per share (cut from the original 34,000-45,000 won range due to weak demand), raising roughly 102 billion won (~$78M) at a market cap of ~966.5 billion won (~$731M). Shares tumbled on debut.
Socar raised $322M across 5 disclosed funding rounds prior to its public listing.
Socar was founded by Lee Jae-woong in 2011.
Socar is headquartered in Seoul, South Korea.
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