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South Korea passes bill limiting Softbank-backed ride-hailing service Tada – Source Reuters Tech News

FILE PHOTO: A driver walks past vehicles of ride-hailing service operator Tada at its garage in Seoul, South Korea February 17, 2020. Picture taken February 17, 2020. REUTERS/Kim Hong-Ji/File Photo

SEOUL (Reuters) – South Korea’s parliament on late Friday passed a controversial bill to limit ride-hailing service Tada, dealing a blow to a company that has been a smash hit since its launch in late 2018 but faced a backlash from taxi drivers angry over new mobility services.

South Korea’s National Assembly passed a revised passenger transport service act requiring rental vans with 11 to 15 seats for tour purposes to be used for at least six hours and that they be rented or returned at airports or seaports.

A current law bars rental car services from offering drivers, with the exception of vans with 11 to 15 seats – which are provided by Tada.

South Korea restricts ride-hailing to only licensed taxis and bans the use of private cars for the purpose. Tada has been exploiting a…

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Source Reuters Tech News

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