Rise in taxi fare in Korea

Photo courtesy of http://news1.kr/articles/917837

Taxi fares are likely to face an increase in 2013.

The Ministry of Land, Transportation, and Maritime Affairs stated on December 3rd that "We review whether to raise taxi fares every 3 years, and it is the 3rd year now. Also, LPG gas prices have significantly increased so any increase in the taxi fare seems reasonable."

So far, 13 local governments, out of 16, have turned in a fare increase proposal.

On January 1st, 2013, Busan may increase its cab fare from 2,200 won to 2,800 won, and Daegu is considering the same.

Currently, the base fare in Seoul is 2,400 won, but the city is likely to consider to raise the fare.