Mexican Media Brands
Korea Will License Ride-Share Services, Drivers
The South Korean government plans to require that ride-share services obtain taxi licenses, and their drivers hold a taxi driver license.
#regulations
Share
The South Korean government plans to require that ride-share services obtain taxi licenses, and their drivers hold a taxi driver license.
The new regulations will take effect in the first half of 2020, according to the Ministry of Land, Infrastructure and Transport. The agency says the ruling aims to ensure that new ride-sharing businesses and the traditional taxi industry “can coexist in a mutually beneficial way,” The Chosunilbo reports.
The ministry also proposes creating a government body that would purchase taxi licenses and rent them out to ride-share startups. The scheme would involve an estimated 900 licenses per year at a cost of 60 billion won ($51 million), only 10% of which would be paid by the companies.
The Chosunilbo notes that the measure would make it illegal for startups to use rental cars in their fleets, as some do now to skirt current regulations about drivers using their own vehicles.
RELATED CONTENT
-
China Targets 7 Million Annual NEV Sales by 2025
The Chinese government is targeting annual sales of electric and plug-in cars at 7 million units by 2025—nine times last year’s volume.
-
U.S. in No Hurry to Regulate Autonomous Vehicles
The National Highway Traffic Safety Administration says the emerging technology involved in self-driving cars is too new to be tightly regulated.
-
Tesla Maxes Out on Tax Credit as U.S. Sales Reach 200,000
Tesla Inc. says it will deliver its 200,000th electric vehicle in the U.S. this month, thereby triggering a phase-out of the $7,500 federal tax credit its vehicles have enjoyed.
