Taxi medallion to "The Washington Post", medallions were "the best investment in America", but—due to increased competition from app-based car services and transportation network company growth from companies like Uber and Lyft—taxi medallions are now decreasing in price. In 2013, the price of a medallion was $625,000. In 2014, that price had risen to around $700,000. In 2014, a medallion was worth nearly $700,000. The total value of all medallions and assets related to them had a value of $2.5 billion in Chicago in 2013. In 2012, medallion prices ranged from $87,000 to $385,000. In 2015, Chicago's average medallion price was under
Kakao T Kakao T Kakao T (formerly KakaoTaxi) is a Korean transportation service app launched by Kakao Mobility, a subsidiary of Kakao in 2017. The service provides taxi-hailing, designated driver booking, nearby parking space searching, and real-time traffic information service. The service was launched originally as Kakao Taxi, a taxi-calling service app launched on March 31, 2015 that connects users who needs a ride to taxi drivers. In 2017, Kakao rebranded the platform as Kakao T, where "T" stands for "transportation", merging their key transportation services into one mobile app. The service was made available in Japan in May 2017 thanks to