Uber halts low-cost ride service in Seoul, seeks to avoid ban

Online taxi service provider Uber Technologies Inc said on Friday it would suspend its low-cost uberX ride service in South Korea, in another concession by the U.S.-based firm trying to avoid a total ban in Asia's fourth-largest economy. Uber said the decision to suspend the service in Seoul, effective Friday, was part of its efforts to bring its business in line with local regulations. "We stay committed to cooperate to reach a compromise with the city and taxi industry, and look forw