The basic taxi fare in Seoul will rise to W3,000 in the middle of next month (US$1=W1,073). The last time there was a fare increase was in 2009, when it rose from W1,900 to W2,400.
Last month, the Seoul Metropolitan Government announced the fare hike to around W2,900 to W3,100. It decided the final amount after a hearing by the Seoul Metropolitan Council and a public debate.
The 20-percent extra charge on taxi fares from midnight until 4 a.m. will remain the same.