The Seoul Metropolitan Government passed the plan to raise the basic rate for cabs operating in the capital city from the current 3,000 won, which was set in 2013.
Large-sized van-type and deluxe taxis will see their basic fare go up 1,500 won to 6,500 won, according to the city government.
The basic fare for late hours from midnight to 4 a.m. will also rise from 3,600 won to 4,600 won, it said.
The new fares will be applied sometime between the end of January and early February. (Yonhap)