Business Standard

Tuesday, December 24, 2024 | 11:55 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Uber boss indicted in South Korea for running illegal taxi service

Image

ANI Washington

Uber CEO, Travis Kalanick, has been indicted for running an illegal taxi service in South Korea.

According to The Verge, the formal accusation against Kalanick and another man, a local rental car service operator, was made without physical detention.

If found guilty of violations, Kalanick could face up to two years in prison along with a fine of up to 20 million won (18,121 dollars).

South Korean capital Seoul has offered to pay around 1 million won (a little more than 900 dollars) to anyone who reports an Uber driver operating without a license in the city.

According to CNET, the move, which appears to be specifically aimed at Uber, requires only that would-be customers inform local officials of the alleged violation, and depending on the severity, the city government will give a cash reward.

 

Earlier, Uber agreed to suspend services for three months in Portland while officials revised regulations governing taxis and ride-sharing apps.

The taxi company has been facing trouble as taxi consortiums across the world have charged Uber for operating without the required license.

Some have also accused Uber of practicing "illegal" method for handling transactions.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 25 2014 | 1:58 PM IST

Explore News