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Uber's operations in South Korea were not expected to be
impacted by the ruling, since it suspended its UberX service
after prosecutors filed charges against the local unit in 2014
for violating the transport law, a company spokeswoman said.
Uber's local unit has "admitted and repented" its illegal act
and resolved the issue, a judge at Seoul Central District Court
said in a ruling. The company was fined 10 million won ($8,863).
"Uber respects the court's decision and we are looking forward
to strengthening our partnership with the government and serving
riders, drivers and cities in Korea," the company said in a
statement.
Uber's South Korean unit continues to offer its premium taxi
service, UberBLACK, and uberASSIST for seniors and people with
disabilities, as those services do not use private vehicles, the
spokeswoman said.
The U.S.-based company links users to both licensed taxis and
unlicensed cars and drivers, a business model that has faced
legal challenges in several other cities across the world.
Uber's investors include Goldman Sachs <GS.N> and GV, formerly
known as Google Ventures <GOOGL.O>.
(Reporting by Hyunjoo Jin; Editing by Randy Fabi)
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