[Full Text] Park Jaewook, CEO of Tada, "We will suspend the service"

[Asia Economy Reporter Bu Aeri] The amendment to the Passenger Transport Service Act, known as the "Tada Ban Act," passed the National Assembly's Legislation and Judiciary Committee on the 4th, and Tada announced that it will "soon suspend the Basic service."

Park Jae-wook, CEO of Tada, released a statement in the afternoon, saying, "With the judgment of the National Assembly, we are returning to the past," and added, "We apologize for not being able to protect the service. We tried hard, but we could not persuade the lawmakers who strongly advocated for the passage of the Tada Ban Act and the Ministry of Land, Infrastructure and Transport."

◆Below is the full statement from CEO Park

The Tada Ban Act passed the National Assembly's Legislation and Judiciary Committee today. It is truly regrettable. Today, the National Assembly defined our society as one that cannot take on new challenges.

With the judgment of the National Assembly, we are returning to the past.

Tada, as a legal service, has done its best for the past one year and five months?less than that?to create a happier ecosystem together for the safer mobility of 1.72 million citizens, better jobs for 12,000 drivers, and better earnings for taxi drivers.

Now, according to the judgment of the legislative body, Tada will soon suspend the Basic service.

We apologize to the users who loved Tada and for not being able to protect the service. We tried hard, but we could not persuade the lawmakers who strongly advocated for the passage of the Tada Ban Act and the Ministry of Land, Infrastructure and Transport.

We also apologize to the Tada drivers. I promised in person that I would protect your jobs, but I could not fulfill that promise.

We apologize to our colleagues who worked harder than anyone else to create better services. We promised to build a mobility ecosystem to create a better world, but we will not be able to keep that promise.

We apologize to other startup colleagues. We said we would set a good precedent, but instead, we have become a negative example.

Tada's innovation will stop here.

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