. >> han su kim, followed by anthony ballistyer. >> good afternoon, directors and first let me just sayhat i think i speak on behalf of the entire taxi industry when i say these painted red diamond lanes that are painted red have been enormously effective in louing taxis cabs to get around faster and encourage you to continue this in all the main corridors. it's been extremely effective and things like this have to be looked at and done quickly. thank you very much for that. i am addressing my comments to you today and also to the public at-large. we are hearing over and over about how uber is about innovation and technology and how the taxi industry is not. well, they have framed this issue in that way, but, in fact what this is about deregulation. let me tell new a deregulated environment, my taxi cab company would do just fine. the problem is it appropriate and is it in the public interest to allow anybody to take their personal car without any accountability, without commercial insurance, and act like a taxi cab in the city? i think that is the problem here and as i speak here today

han su kim is the owner of the de soto cab company in san francisco and people have said the san francisco industry is effectively on the verge of collapse because of companies like uber, is that true? >> let me make it very clear that's actually not true. what is going to happen is companies like mine and others will move away from a regulated business model to a deregulated one. unier is not playing by the same rules of taxi cab companies. while we're highly regulated in terms of the vehicles and drivers and everything about how we operate, uber services don't have to follow those same rules. >> which are you specifically referring to in this case? >> so right now taxi cabs have to have commercial insurance. they need licensed drivers, the type of vehicles have to be inspected. the type of model of vehicles are regulated, and so if i, myself, as a tax company were able to determine that i can charge whatever i like, put out as many cars as i want, decide who gets to drive the car what, commercial insurance i will have or not have, of course i'll be far more profitable, so the problem wit