South Korean prosecutors have indicted Uber CEO Travis Kalanick for violating local public transportation licensing law, becoming the latest jurisdiction to challenge the taxi service provider. The head of MK Korea, Uber’s car rental partner in the country, is indicted on the same charge as well. According to South Korea’s Yonhap News Agency, prosecutors said they will make no arrest at this point, but the penalty of breaking the law in question is up to two years in prison. Uber rejected the claim that it is operating illegally in South Korea and said that local authorities are acting inappropriately for punishing drivers who are trying to make a living. It is unclear if any of the executives will appear before the prosecutors for questioning.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source