The magic spell Uber is able to cast over regulators to avoid the same requirements as taxi and livery services is ending in South Korea in harsh fashion. Uber CEO Travis Kalanick, along with the local Uber subsidiary, have been indicted by Seoul prosecutors. Uber’s CEO and South Korean operating unit indicted An Uber spokeswoman revealed that Kalanick and Uber’s South Korean operating unit were indicted by the Seoul Central District Prosecutors’ Office for violating a law prohibiting individuals or firms without appropriate licenses from providing or facilitating transportation. The move is likely a warning show across the bow of Uber,…
Uber CEO Indicted in South Korea
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.