Tada to Suspend Service After April 10... Park Jae-wook "Devastated Feelings" (Summary)

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

On the 11th, Park Jae-wook, CEO of VCNC, announced through the Tada driver-exclusive application, "The Tada Basic service will operate until April 10, one month from now, and thereafter must be suspended indefinitely."

CEO Park said, "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."

Earlier, on the 6th, the National Assembly plenary session passed the amendment to the Passenger Transport Service Act, known as the 'Tada Prohibition Act.' Article 34, Paragraph 2 of the amendment allows operators to arrange drivers only when renting 11-15 passenger vehicles for tourism purposes for more than six hours or when the rental and return locations are airports or ports. Accordingly, 'Tada Basic' will become illegal after the 1 year and 6 months grace period.

CEO Park stated, "It is impossible for Tada to endure the 1 year and 6 months grace period claimed by the Ministry of Land, Infrastructure and Transport," adding, "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 that viewed Tada positively for the future have completely stopped."

He continued, "Since its launch, Tada has endured hundreds of billions in deficits to create better jobs, better services, and a better ecosystem model, which has already become a fatal wound," explaining, "The door to the future has suddenly closed, and Tada is completely tied up."

CEO Park expressed, "Regardless of the reasons, I am truly sorry to all Tada drivers. The journey of Tada over the past 1 year and 5 months was an innovation created by the drivers," and lamented, "It is heartbreaking to have the opportunity to provide better jobs to drivers taken away."

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

Meanwhile, Tada drivers facing the risk of unemployment are in a state of confusion. Tada drivers have organized an 'Emergency Countermeasures Committee' and are working on employment measures.

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