Base fare for taxis set to rise 27 pct from Jan . SEOUL , Dec . 14 ( Yonhap ) -- The base fare for taxis is set to rise 27 percent in the capital city of Seoul from January , with a 28 percent increase in nighttime base fares , the Seoul city government said Friday . The Seoul Metropolitan Council has approved the taxi fare hike plans submitted by the Seoul Metropolitan Government last month , according to the city government . Under the plans , the base taxi fare will rise to 3 , 800 won ( US $ 3 . 40 ) from 3 , 000 won to help improve the welfare of taxi drivers . The nighttime base fares , which apply from midnight through 4 : 00 a . m . , will also go up to 4 , 600 won from 3 , 600 won , it said . The increased taxi fares will be finalized if the city government ' s consumer prices review committee accepts them in a meeting set for Dec . 26 , it said . ( END )