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Uber says Korean service legal, despite indictment of CEO for illegal taxi operations

Peter Sayer | Jan. 2, 2015
Would iconic ride-hailing startup Uber Technologies CEO still be worth its US$40 billion valuation if founder and CEO Travis Kalanick were in prison?

A number of U.S. cities are also at loggerheads with the company over its flouting of local taxi ordinances. Last week Uber suspended its service in Portland, Oregon, for three months while it seeks to negotiate a settlement there.

(With additional reporting by Yewon Kang in Seoul.)


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