South Korea rejected Thursday a proposal by the web-based taxi firm Uber to legalize its business by registering its drivers.
Uber started in South Korea in 2013, sparking angry protests from local taxi drivers and lawsuits by municipal and central officials. On Wednesday, Uber’s senior vice president David Plouffe offered to register its drivers and provide their navigation data if Seoul put its operations on a legal footing.
The South’s transport ministry called the proposal “unacceptable”, and one that would only intensify competition and threaten the livelihood of many taxi drivers.
The authorities in Seoul offered a $918 reward for those who report cars offering rides through the Uber service.
Full Content: The Times of India
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI