SOCAR CEO Jake Park on Listing Debut

The video discusses the company's decision to proceed with an IPO despite market volatility, viewing it as a stepping stone towards their ultimate goals. The company is confident in its growth and profitability, planning to use IPO proceeds for strategic M&A and market expansion, particularly focusing on the Korean market. They are also developing a super app to enhance profitability and are optimistic about future growth trends in the car-sharing industry.

Why does the company view the IPO as a stepping stone?

• To avoid market volatility

• To reduce operational costs

• To increase short-term profits

• To reach their long-term goals

How does the company plan to handle the reduced funds from the IPO?

• By reducing workforce

• By increasing product prices

• By cutting down on expansion plans

• By maintaining their growth strategy

What is the expected impact of the super app strategy?

• Reduction in service offerings

• Increase in profitability

• Decrease in user engagement

• Stagnation in market growth

What percentage of IPO proceeds is planned for mergers and acquisitions?

• 30%

• 40%

• 50%

• 60%

What is the company's primary focus in the Korean market?

• Decreasing operational costs

• Reducing market share

• Improving service offerings

• Increasing product prices

What is the estimated growth rate of the car-sharing market in Korea?

• 20-30% annually

• 10-15% annually

• 5-10% annually

• 30-40% annually

What market trend is contributing to the growth of the car-sharing industry?

• Decrease in urban population

• Increase in single household ratio

• Decrease in single household ratio

• Increase in new car registrations