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 | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |