South Korea court says Uber violated transport lawApril 26, 2017 - 11:03 AMT PanARMENIAN.Net - A South Korean court on Wednesday, April 26 ruled that the ride-hailing group Uber Technologies Inc illegally used private vehicles for commercial purposes, in the latest legal setback for the U.S. firm in Asia's fourth biggest economy, Reuters says. Uber's operations in South Korea were not expected to be impacted by the ruling, since it suspended its UberX service after prosecutors filed charges against the local unit in 2014 for violating the transport law, a company spokeswoman said. Uber's local unit has "admitted and repented" its illegal act and resolved the issue, a judge at Seoul Central District Court said in a ruling. The company was fined 10 million won ($8,863). "Uber respects the court's decision and we are looking forward to strengthening our partnership with the government and serving riders, drivers and cities in Korea," the company said in a statement. Uber's South Korean unit continues to offer its premium taxi service, UberBLACK, and uberASSIST for seniors and people with disabilities, as those services do not use private vehicles, the spokeswoman said. The U.S.-based company links users to both licensed taxis and unlicensed cars and drivers, a business model that has faced legal challenges in several other cities across the world. Uber's investors include Goldman Sachs and GV, formerly known as Google Ventures. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | 17 bridges collapse as a result of floods in Armenia As a result of floods in Armenia’s northern Lori and Tavush provinces, 17 bridges, including five large ones, have collapsed. Ex-mayor of Karabakh capital arrested in Yerevan Ex-mayor of the Nagorno-Karabakh city of Stepanakert David Sargsyan has been arrested for 20 days. 269 people evacuated amid severe floods in Armenia’s north According to the Interior Ministry, 269 people have been evacuated from their homes in Lori and Tavush provinces. Armenian delegation participating in NATO PA session The delegation is headed by Andranik Kocharyan, the chairman of the standing committee on defense and security matters. |