SEOUL, Dec. 22 (Korea Bizwire) – The Seoul High Court has determined that drivers associated with the ride-hailing service TADA are to be considered employees under the Labor Standards Act. Consequently, terminating their contracts without just cause is deemed unfair dismissal, as per the ruling on December 21. In a lawsuit against the National Labor Relations [...]
SEOUL, June 16 (Korea Bizwire) – Value Creators & Company (VCNC), the operator of ride-hailing service Tada, has decided to reduce its company payroll by half through intensive restructuring, as the company has been unable to find a new growth engine since the “Anti-Tada” bill was passed by the National Assembly in 2020. According to [...]
SEOUL, June 1 (Korea Bizwire) — The Supreme Court on Thursday upheld lower courts’ rulings in favor of the ride-hailing service Tada and its former chief executives, putting an end to a long controversy over the legitimacy of the innovative rental car service. The top court approved the lower courts’ acquittal of Lee Jae-woong, former [...]
SEOUL, July 12 (Korea Bizwire) — A Seoul court ruled that an administrative labor agency’s decision to recognize the drivers of the ride-hailing service Tada as workers should be canceled. The Seoul Administrative Court on Friday ruled in favor of SOCAR, the parent company of Tada operator VCNC, that filed a suit against the National [...]
SEOUL, Oct. 12 (Korea Bizwire) — South Korea’s taxi-hailing market, dominated by internet giant Kakao Corp.’s mobility unit, is facing a new challenger. Viva Republica Inc., the operator of financial app Toss, recently acquired 60 percent stake in VCNC, the company behind ride-hailing service Tada. Tada currently operates a taxi-hailing app after its popular van-hailing [...]
SEOUL, June 24 (Korea Bizwire) — A revised law that practically forced a leading ride-hailing service out of business last year complied with the country’s Constitution, a court ruled Thursday. The justices of the Constitutional Court unanimously ruled as constitutional the law limiting the Tada service to rent out its vans only for tourism purposes [...]
SEOUL, Oct. 30 (Korea Bizwire) — South Korean ride-hailing service Tada, which was banned in March when a revised passenger transport service act entered effect, is gearing up for revival. Tada service operator Value Creators & Company (VCNC) announced on Wednesday that it will launch a new designated driver service called Tada Daeri. ‘Daeri unjeon’ [...]
SEOUL, May 5 (Korea Bizwire) — The operator of the ride-hailing service Tada has filed a constitutional appeal against a revised passenger transport service act, company officials said Tuesday, accusing the amendment of infringing on the freedom of corporate activities and other basic rights. The Value Creators & Company (VCNC) submitted the petition to the [...]
SEOUL, March 6 (Korea Bizwire) — South Korea’s passage of a bill against the ride-hailing service Tada is a major setback for the country’s drive for innovation, experts said Thursday. The bill allows Tada service operator Value Creators & Company (VCNC) to rent out its vans with drivers for at least six hours at airports [...]
SEOUL, Feb. 19 (Korea Bizwire) — A Seoul court ruled in favor of the ride-hailing service Tada as a legitimate rental car service Wednesday, in a landmark decision that will likely support the mobility platform industry. The Seoul Central District Court acquitted Lee Jae-woong, car-sharing app operator SoCar, and Park Jae-uk, head of SoCar’s subsidiary [...]