Uber suspends ride-sharing platform in Seoul
Uber Technologies suspended its ride-sharing service in Seoul on Friday, bowing to local authorities after more than a year of struggle over its ride-hailing services.The decision comes only nine days after Uber made uberX free for riders there in response to a crackdown by city authorities, who offered a reward of up to 1 million won (US$910) to residents who reported drivers accepting payments for rides without a permit.“This is the strongest show of our willingness to change the Uber business model in order to create a regulated solution, as we believe that changing our business model is the right thing to do,” Uber said in a statement. The suspension takes effect Friday, it said.To read this article in full or to leave a comment, please click here


