KOTI - Korea Transport institute

New transportation services based on the sharing economy are at odds with the existing transportation industry. Uber Pool, a world-famous and representative ridesharing service, was not introduced in Korea due to the opposition of the taxi industry and lack of legal basis. However, some argue that shared transport services, which were newly introduced in line with technological advancements, are necessary from the aspect of strengthening urban competitiveness. According to Deloitte (2016) the Uber X rate in Australia is 20% lower (about US$ 6) than taxis, and the waiting time is 4.5 minutes shorter than taxis (8 minutes). Brookings Institute (2017) forecasted that shared transport platform businesses like Uber will bring about positive changes in terms of economic efficiency and social equity.