Geochang-gun Plans Taxi Total Volume System... Decision to Reduce 29 Taxis by 2024

In 2021, a reduction of 10 taxis, including 6 corporate taxis and 4 private taxis, was implemented

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Geochang-gun, Gyeongnam announced on the 10th that it has finalized the annual taxi reduction scale and compensation amount according to the 4th Taxi Total Volume Control Plan and decided to reduce 29 taxis by 2024.

At the Taxi Reduction Committee meeting held last month, the county decided to promote taxi reductions of 10 in 2021, 13 in 2022, 3 in 2023, and 3 in 2024, and to pay compensation of 38 million KRW to corporate taxis and 79 million KRW to individual taxis subject to reduction.

According to the decision of the Taxi Reduction Committee, the county plans to publicly recruit 6 corporate taxis and 4 individual taxis as 2021 taxi reduction candidates starting from October.

Compensation including incentives from the taxi reduction compensation fund management agency will be paid to the finally confirmed taxi reduction candidates.

Deputy Governor Choi Young-ho said, “To improve the profitability and competitiveness of the taxi industry, taxi reduction suitable for local conditions must proceed smoothly,” and added, “We ask for active cooperation so that the taxi reduction project can be carried out smoothly.”

Meanwhile, the taxi reduction project is a project promoted under the ‘Act on the Development of Taxi Transportation Business’ to solve the problems of management deterioration in the taxi industry and income reduction of transportation workers caused by oversupply of taxis and decrease in passengers.

This content was produced with the assistance of AI translation services.