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Taxi Industry Launches Challenge to Ride-hailing Market

Taxi Industry Launches Challenge to Ride-hailing Market

SEOUL, Nov. 29 (Korea Bizwire) — Seoul’s taxi industry has challenged the taxi-hailing service market dominated by mobility companies. Launched Thursday, the Onda Taxi app is attracting attention in that it is the first call service introduced by the city’s two largest taxi unions against Kakao Taxi and Tada. The Onda taxi service will be [...]

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 [...]

Late-night Taxi-sharing App Launches

Late-night Taxi-sharing App Launches

SEOUL, Aug. 2 (Korea Bizwire) — A new late-night taxi-sharing and matching service was launched in Seoul on Thursday. The Seoul Metropolitan Government (SMG) and the service’s operator, Kornatus, announced the launch of the “Banban (half-half in Korean) Taxi” service. Banban Taxi is a mobile application-based service that matches passengers with similar routes so that [...]

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 [...]