Tada to Suspend Service After April 10

[Asia Economy Reporter Buaeri] The 11-passenger van call service 'Tada Basic' will cease operations as of the 10th of next month.

Jaeuk Park, CEO of VCNC, announced the service termination schedule on the 11th through the Tada driver-exclusive application.

CEO Park stated, "I deeply apologize to Tada drivers," adding, "The Tada Prohibition Act, passed by the Ministry of Land, Infrastructure and Transport and the National Assembly, is about to be promulgated. Tada is facing difficulties maintaining the service day by day."

He continued, "It is impossible for Tada to endure the 1 year and 6 months grace period claimed by the Ministry of Land," and added, "Domestic and foreign investors have informed us that they cannot continue investing in Tada because they cannot trust the government and the National Assembly. Investment discussions, which had viewed Tada positively for the future, have completely stopped."

CEO Park said, "'Tada Basic' service will operate until April 10, one month from now, and then must be suspended indefinitely," and added, "Dispatching Tada Basic vehicles to drivers will be indefinitely postponed. Although it is difficult to endure even one month, we want to do our best."

Furthermore, CEO Park emphasized, "All Tada teams will do their best during that one month to create a model that allows you to work in a new form," and stated, "We will do our utmost to ensure that each driver's salary and compensation are properly paid during that month, and to prevent any disadvantages caused by sudden confusion for at least one month."

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