Subway fares in Seoul may increase by 150 won ($0.11) as early as July.
The number of taxi rides in Seoul dropped by six percent this year due to fare hikes, with taxi usage being the second lowest in five years. The changes led passengers to opt for buses and subways instead.
Korea implemented a tagless payment system in its subway stations, becoming the first country to deploy such a technology.
The subway fares in Seoul will rise 150 won ($0.12) starting in early October, the first hike in eight years. The city government of Seoul passed a bill Wednesday to raise subway fares by 150 won later this year. The single adult fare will rise...
Inflation in projected to remain high as utility and transportation prices continue to rise.
A customer walks to grab a taxi in front of Seoul Station on Wednesday, the first time in four years the base fare for taxis in Seoul were raised, going from 3,800 won to 4,800 won.
Taxis wait for passengers near Seoul Station in central Seoul on Monday. Starting 4 a.m. Wednesday, fares for a medium-sized taxi will rise to 4,800 won ($3.91) from 3,800 won.
Subway and bus fares in Seoul are likely to rise by a few hundred won from as early as next April to make up for its growing deficits.
The standard fare for mid-sized taxis in Seoul will increase from 3,800 won to 4,800 won ($3.40), while the basic distance will also be decreased from the current 2 kilometers to 1.6 kilometers. This will be applied from February next year.
As President Yoon Suk-yeol promised to remove stifling regulations, the government must turn to innovation to enhance public welfare instead of translating growing costs to the public.
Korea JoongAng Daily Sitemap
