The Seoul Metropolitan Government is in the process of hiking the basic taxi fare. At present the basic fare is W3,000, but the city government is pushing to raise it to W3,900 or W4,500 (US$1=W1,073).
The hike is being considered to reflect inflation and enhance the working conditions of taxi drivers.
The city government promised to raise the taxi fare every two years, but it has been frozen for five years. The city officials believe the increase will be followed by better service, while the public already thinks cabs are too expensive.
The hike is likely to take effect in the second half of this year.