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SoftBank-backed South Korean ride-hailer Tada gets rare win amid crackdown

SoftBank-backed South Korean ride-hailer Tada gets rare win amid crackdown

Wednesday, February 19, 2020, 12:51 PM

South Korea's ride-hailing service Tada, a smash hit since its launch just over a-year-ago, was cleared of transport law violations in court on Wednesday, a rare victory in a market that has been particularly unkind to ride-hailing companies. Since starting up in late 2018, Tada has won 1.7-million users as it capitalised on growing demand and the funding muscle of its Japanese-backer SoftBank-Group Corp.
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