ride-hailing Archives | Be Korea-savvy
Kakao’s New Van Taxi-hailing Service Offers Alternative to Tada

Kakao’s New Van Taxi-hailing Service Offers Alternative to Tada

SEOUL, Dec. 12 (Korea Bizwire) — Amid the recent crisis surrounding ride-hailing app Tada’s possible shutdown, internet giant Kakao Corp. plans to introduce a new van taxi hailing service. Kakao Mobility, the transportation arm of Kakao, announced on Wednesday that it will begin testing the new Kakao T Venti service. The new service will first [...]

Revision Bill on Banning Tada’s Taxi Business Passed at Parliamentary Committee

Revision Bill on Banning Tada’s Taxi Business Passed at Parliamentary Committee

SEOUL, Dec. 6 (Korea Bizwire) — A National Assembly committee on Friday passed a revision bill on effectively outlawing the controversial taxi business of Tada, a South Korean ride-hailing service operator. The revision to the passenger transport service act, approved by the parliamentary transportation panel, restricts the outsourcing of drivers for the use of rental [...]

4 in 10 Office Workers Prefer Car-sharing Services to Taxis

4 in 10 Office Workers Prefer Car-sharing Services to Taxis

SEOUL, Nov. 8 (Korea Bizwire) — Ride-hailing services like South Korean mobility platform Tada are becoming increasingly popular among office workers, a recent study has revealed. Job portal Incruit conducted a survey of 4,326 adults, 41 percent of whom responded that they have the intention to use shared mobility platforms. In particular, 45 percent of [...]

Prosecutors Indict Ride-hailing Service Executives

Prosecutors Indict Ride-hailing Service Executives

SEOUL, Oct. 29 (Korea Bizwire) — South Korean prosecutors Monday indicted the heads of Tada, a ride-hailing service, declaring the app-based business illegal. Lee Jae-woong, chief executive of car-sharing app operator SoCar, and Park Jae-uk, chief executive of its rental car hailing service unit, Value Creators & Company (VCNC), will face a trial without physical [...]

S. Korean Mobility Sector in Crisis as Gov’t Caters to Taxi Industry

S. Korean Mobility Sector in Crisis as Gov’t Caters to Taxi Industry

SEOUL, Jul. 18 (Korea Bizwire) — A prolonged dispute between the taxi industry and the mobility service industry is drawing to a close as the Ministry of Land, Infrastructure and Transport announced new regulations on Wednesday obligating mobility platforms to pay public donations. The ministry also decided to restrict all mobility platforms except for those [...]

Easing Regulations for App-based Hailing Services Eyed in Return for Contribution

Easing Regulations for App-based Hailing Services Eyed in Return for Contribution

SEOUL, Jul. 17 (Korea Bizwire) — In what could signal an end to a monthslong tussle between conventional taxi service providers and new mobility platform operators, the government on Wednesday proposed easing regulations for new ride services, while outlining measures to support the taxi service industry. The taxi industry has been at odds with ride-sharing [...]

Tada Struggles to Go Beyond Legal Gray Area in S. Korean Taxi Market

Tada Struggles to Go Beyond Legal Gray Area in S. Korean Taxi Market

SEOUL, Jun. 27 (Korea Bizwire) — Doing business in a legal gray area needs a lot of guts and an elaborate scheme, and that is especially so in South Korea’s tightly regulated taxi industry, which sets high barriers for mobility startups seeking to enter the market without taxi licenses. The latest major challenger is Tada [...]

Controversy Deepens over Accepting Ride-sharing Services or Protecting the Taxi Industry

Controversy Deepens over Accepting Ride-sharing Services or Protecting the Taxi Industry

SEOUL, May 29 (Korea Bizwire) — Controversy looms over innovation and protection of victims as the dispute between Tada, a ride-hailing service, and the taxi industry continues to deepen. Experts argue that the 4th Industrial Revolution and the expansion of the sharing economy has made it inevitable for the ride service industry to go through [...]

Hyundai, Kia to Invest $300 mln in Indian Ride-hailing Firm

Hyundai, Kia to Invest $300 mln in Indian Ride-hailing Firm

SEOUL, Mar. 19 (Korea Bizwire) — Hyundai Motor Co. and its affiliate, Kia Motors Corp., will invest a combined 338.4 billion won (US$300 million) in India’s biggest ride-hailing firm, Ola, in their single biggest investment ever, Hyundai said Tuesday. Hyundai Motor and Kia Motors will invest $240 million and $60 million, respectively, in Ola to [...]