SEOUL, Apr. 2 (Korea Bizwire) — Uber Technologies Inc. announced on Tuesday that it will be launching a cab-hailing service in Seoul. Uber Taxi, available for all Seoulites, automatically assigns cabs at the nearest location when customers hail a taxi. Information on the driver will be displayed in the app once the taxi is assigned. [...]
SEOUL, Jan. 28 (Korea Bizwire) — Experts argue that South Korea should be better prepared for the incoming gig economy which has begun to take root in the country. Choi Ki-san and Kim Su-han from the Bank of Korea said that the gig economy may spread throughout the country at a faster speed than anticipated [...]
SEOUL, Dec. 21 (Korea Bizwire) — Transport Minister Kim Hyun-mee revealed Friday a proposal already offered to cab drivers for them to adopt a system similar to that used by Uber to solve their chronic business problems, as social conflict was growing over the launch of a commercial ride-sharing platform. “If you look at Uber [...]
SEOUL, Aug. 29 (Korea Bizwire) — Global ride-hiring application operator Uber Technologies Inc. said Wednesday that it will comply with local regulations as it seeks to expand its presence in the tech-savvy South Korean market. “We will not launch products or services in Korea that do not comply with the regulatory framework,” said Barney Harford, [...]
SEOUL, Sept. 21 (Korea Bizwire) – U.S. ride-hailing company Uber Technologies Inc. on Thursday launched its car pool service in South Korea from which it sees a “big opportunity.” The uberSHARE car pool service comes after Uber launched the restaurant delivery app UberEATS last month as it seeks to diversify its business portfolio in Asia’s fourth-biggest economy. The “eco-friendly and affordable” car pool service, initially available inSeoul, will help alleviate traffic congestion during commuting hours, [...]
BRAZIL, May 30 (Korea Bizwire) – The Bank of Korea (BOK) announced yesterday plans to include the sharing and digital economy in its new gross domestic product report, which will be published in 2019. The latest plan by the BOK for an overhaul of GDP statistics will see sharing services like Uber and Airbnb or [...]
SEOUL, April 26 (Korea Bizwire) – A lower court on Wednesday fined the local unit of app-based ride service provider Uber 10 million won (US$8,900) for running an illegal taxi business. Travis Kalanick, founder and CEO of the U.S.-based ride-sharing service Uber Technologies Inc., and its local unit were indicted in December 2014 for offering [...]
SEOUL, April 10 (Korea Bizwire) – U.S. app-based ride service provider Uber Technologies Inc. said Monday that it is considering a move to launch its on-demand restaurant delivery service in South Korea. UberEats, the online meal ordering and delivery platform, partners with restaurants, with ordering conducted on the company’s Web site or with a smartphone [...]
SEOUL, Dec. 8 (Korea Bizwire) – Startup companies voiced opposition Wednesday following recent media reports that the government may impose restrictions on mobile apps offering carpool services. The Korea Startup Forum, representing some 70 startups in the country, released an official statement Wednesday claiming that carpool apps are legitimate business models that do not violate [...]
SEOUL, June 29 (Korea Bizwire) – Travis Kalanick, the CEO of Uber, abruptly notified South Korean courts Wednesday, June 29, that he would not be present for court proceedings scheduled to take place on the same day. The Uber co-founder was indicted in December 2014 on charges of violating the Passenger Transport Service Act. Uber entered [...]