The amendment to the Passenger Transport Service Act was passed a year ago and is effective April 8. It creates a new class of transportation--the platform taxi--and tightly regulates participants. =
The government has decided to permit apps that facilitate cab sharing within the first half of this year.
Car-sharing service operator Socar has started preparations for an initial public offering (IPO), the company announced Tuesday.
Car-sharing app SoCar became the first mobility start-up in Korea to be valued above 1 trillion won ($873 billion), the company said Friday.
After a legislative reform forced Tada to halt its popular van-hailing service, the company is hoping for a comeback after obtaining a government license to restart its business.
Van-hailing service Tada is trying to resurrect itself as a taxi franchise business. VCNC recently submitted preliminary paperwork and plans to apply for a license as a franchise taxi business with the Ministry of Land, Infrastructure and Transport.
Carpooling never took off in Korea. Uber tried and failed to launch here, and local companies like Poolus and Tada built up a significant user base only to be pushed out by hostile legislation and lobbying from influential taxi companies.
VCNC, the operator of the ride-sharing service Tada, announced Tuesday that it has filed a constitutional appeal against the revision of the Passenger Transport Service Act claiming it is unconstitutional.