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Suwon Shared Bicycle TAZO to End Operations on December 27

Operating company halts service due to declining usage rates and worsening profitability
Suwon shared bicycle TAZO. (Photo=Suwon City)
Suwon shared bicycle TAZO. (Photo=Suwon City)

[Suwon Ilbo=Reporter Jung Jun-seong] Suwon's shared bicycle service TAZO will cease operations as of December 27.

TAZO, an unmanned rental shared bicycle service launched in October 2020 through an agreement between Suwon City, KT, and Wizit Energy, began operations with 1,000 bicycles and expanded to 3,000 units.

However, as private shared bicycle services increased, usage rates declined and profitability deteriorated, leading the operator Wizit Energy to decide to terminate the service.

The shared bicycle TAZO can be used until December 27. For 30-day passes sold on the TAZO app on November 29-30, the usage period has been changed to December 27, and any unused balance will be refunded.

A Suwon City official stated, "While it is regrettable that TAZO, which has played an important role as a convenient transportation option for citizens, is ending operations, we have no choice but to respect the decision of the operating company," and added, "TAZO's vacancy should be filled by private shared bicycle services." The official further noted, "We will pay careful attention to ensure citizens do not experience inconvenience until operations conclude."

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