South Korea's finance minister, Kim Dong-yeon, says the government will getting rid of the red tape that's been holding back the so-called "sharing economy" -- things like ride-sharing and renting out accomodation.<br />In an interview with Yonhap News published on Sunday, Minister Kim said he will fight for regulatory reform and take on the vested interests that have been holding it back.<br />Kim did not mention specific companies in the interview, but there has been fierce opposition, for example, from taxi drivers to ride-sharing apps like Uber.<br />Uber, in fact, saw its local venture regulated out of existence.<br />The rules are also strict on services like Air B-N-B.<br />As it moves forward, though, Kim said he wants to make sure the government gives clear signals about what it's doing so it doesn't confuse the market. <br />
