Lee Jae-woong, "I Will Not Back Down" Against Prosecutor's Appeal

Lee Jae-woong (right), CEO of Socar, and Park Jae-wook, CEO of VCNC, are entering the courtroom on the 10th at the Seoul Central District Court in Seocho-gu, Seoul, to attend the first trial sentencing hearing disputing the illegality of 'Tada.' Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Buaeri] Lee Jae-woong, CEO of Socar, stated on the 25th that he "will not back down" regarding the prosecution's decision to appeal.

On the same day, through his Facebook, CEO Lee said, "The prosecution decided to appeal, dissatisfied with the first trial's not guilty verdict. I have to stand in court again for dreaming of new changes." The Seoul Central District Prosecutors' Office held the 'Tada' first trial public prosecution review committee in the morning and resolved to appeal the first trial verdict, submitting an appeal to the Seoul Central District Court.

Socar stated in response to the prosecution's appeal, "We are confident that the court's ruling will not change," and "Tada will not stop moving forward into the future." Earlier, on the 19th, Judge Park Sang-gu of the Seoul Central District Court Criminal Division 18 acquitted CEO Lee, Park Jae-wook, CEO of VCNC (Tada's operating company), and the respective corporations on charges of violating the Passenger Transport Service Act.

Regarding the amendment bill to the Passenger Transport Service Act pending at the National Assembly's Legislation and Judiciary Committee, CEO Lee said, "If the Tada Prohibition Act passes, Tada will be unable to attract investment and will have to close," adding, "Even today, about 2,000 drivers are working for their livelihoods and to facilitate others' mobility, but if the Tada Prohibition Act passes, they will immediately lose their jobs."

CEO Lee criticized, "I will do my best to prevent the passage of the Tada Prohibition Act, but if the government tells us to close, we will close. However, I do not know who will take responsibility for the disappearance of about 10,000 jobs, the loss of investments from domestic and foreign investors, and the loss of choice for 1.7 million users."

He continued, "I do not understand why the Ministry of Land, Infrastructure and Transport and the Democratic Party are pushing the Tada Prohibition Act to the end," adding, "President Moon Jae-in said he would do his best to allow innovative industries like Tada to enter, but I wonder if the government and the Democratic Party know that they are so eager to pass a bill whose only purpose is to shut down Tada."

This content was produced with the assistance of AI translation services.