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Startups

South Korea's top ride-hailer cleared of violating transportation law

VCNC founder and lobby group hail startup's victory as step forward for innovation

VCNC has been operating its ride-hailing service Tada since October 2018. (Photo by Kotaro Hosokawa)

SEOUL -- South Korea's top ride-hailing startup has been cleared of running a taxi service illegally in what is being hailed as a victory for entrepreneurship and innovation in the country.

The Seoul Central District Court on Wednesday acquitted VCNC and its CEO, Park Jae-wook, of the charges against them, saying the company offers a legitimate, app-based car rental service. VCNC began operating Tada, a service that allows users to book an 11-seat minivan and driver, in October 2018.

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