Gwangju City Hall

Gwangju City Hall

View original image


[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Metropolitan City announced on the 19th that it will postpone the planned increase in public parking lot fees, originally scheduled to take effect on September 1, to January next year.


This decision was made as a follow-up measure to the "Second Countermeasure to Protect the Local Economy from COVID-19," announced by Mayor Lee Yong-seop on March 19 as a livelihood stabilization plan to reduce the burden on citizens facing unprecedented emergency situations due to the prolonged COVID-19 pandemic. It was finalized after passing the 290th City Council plenary session on the same day.


This adjustment in public parking lot fees marks the first increase since 2004, aiming to improve the lowest fee system among the six major metropolitan cities and to correct unreasonable fee structures, while reflecting transportation changes following the opening of Urban Railway Line 2.


Additionally, public parking lot fees have been categorized into four grades (1 to 4) based on demand factors such as accessibility to urban railways and city buses.


The public parking lots in Grade 1, which have the best accessibility, will see an increase from 1,400 KRW per hour to 2,000 KRW, a 43% rise.


Currently, Gwangju operates a total of 15,521 parking spaces across 488 public parking lots (both paid and free).



Park Gap-su, head of the city's Transportation Policy Division, stated, "We expect that the adjustment in the timing of this fee increase will help reduce the burden on citizens using public parking lots."


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing