A taxi driver takes part in a protest against a carpool service application that will be launched by Kakao Corp later this year, in central Seoul, South Korea, October 18, 2018. The banners read, “Stop carpool service application, it is illegal business”. Photo: Reuters

No Uber or Airbnb in South Korea: red tape, risk-aversion hobble start-ups

  • Korea struggles to steer away from chaebol-focused economy as hopes for innovation-fuelled growth sputter
Topic |   Sharing economy

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A taxi driver takes part in a protest against a carpool service application that will be launched by Kakao Corp later this year, in central Seoul, South Korea, October 18, 2018. The banners read, “Stop carpool service application, it is illegal business”. Photo: Reuters
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