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Business trends

South Korean taxi drivers strike against ride-sharing

Kakao's latest service puts government under pressure to loosen regulations

A taxi driver takes part in a protest against a carpool service application that will be launched by Kakao Corp later this year in Seoul on Oct. 18. The banners read, "Stop carpool service application, it is illegal business".    © Reuters

SEOUL -- Tens of thousands of taxi drivers staged a one-day strike in downtown Seoul on Thursday, rallying against Kakao's ride-sharing service in a bid to prevent the government from easing already strict regulations.

About 60,000 cabdrivers from the capital and provincial areas marched at Gwanghwamun Plaza, chanting, "Illegal ride-sharing app out!"

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