Read about it here: http://www.bloomberg.com/news/2012-06-19/south-korean-taxi-drivers-go-on-first-nationwide-strike.html
The taxi drivers in Korea want the fares to be increased because fuel costs are rising. They also want to be able to switch to Diesel fuel. They are currently required to use Liquid Petroleum gas which has risen 245 won per liter since 2009.
The initial fees have been capped at 2400 won (@$2.00 usd) since 2009. The fees are 17% lower than the fees in New York City and 77% cheaper than Tokyo. (wow! 77%..remind me to never take a taxi in Tokyo!)I loved the cheap transportation in Korea. I can see how that would put stress on the cab drivers. Fuel prices keep going up, but their fares are staying the same. It's harder for them to make a profit.
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