No Uber or Airbnb in South Korea: Red tape, risk-aversion hobble start-ups - News Summed Up

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


A photo illustration shows the Uber app on a mobile telephone, as it is held up for a posed photograph, in London, Britain November 10, 2017. “The bottom line is that we have to move toward innovation, but it takes a lot of time and is a difficult process to mediate existing interests,” the government official at the Ministry of SMEs and Startups told Reuters.“Realistically, we can’t simply ignore existing interests. You and what army are going to go and create this? You have six people. Think outside Korea.”


Source: Egypt Today December 17, 2018 23:03 UTC



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