Gyeongbuk Province Raises Bus Fares by an Average of 16.8% … Regular Fare 1300 Won → 1500 Won

After 5 years and 2 months since the adjustment in January 2016

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Dong-wook] The fare rates for city and rural fishing village buses in Gyeongsangbuk-do have been increased by an average of 16.8% for the first time in 5 years and 2 months since the adjustment in January 2016.

Gyeongbuk Province announced belatedly on the 11th that it finalized the adjustment plan through prior review by the Public Transportation Development Committee and deliberation by the Price Countermeasure Committee last year, and applied it from the 8th.

Until now, fares had been frozen for a long time considering the burden on passengers, but due to the continuous rise in transportation costs such as fuel and labor costs and the decrease in passengers, the province explained that it was inevitable to adjust the fare rates to ensure sound management of the industry and improve the treatment of workers.

Accordingly, the general bus fare will be adjusted from 1,300 won to 1,500 won, middle and high school student fares from 1,000 won to 1,200 won, elementary school student fares from 700 won to 800 won, and seat bus fares from 1,700 won to 2,000 won.

In addition, fares for areas outside city (eup) boundaries, rural fishing village and island areas, and long-distance routes due to administrative district metropolitanization will be separately set according to the circumstances of each city and county.

Bus fares for each city and county will be applied at least 10 days after the transportation operator reports to and receives approval from the city or county within the fare rate standards issued by the province.

Baek Seong-gil, Director of the Job Economy Office of Gyeongbuk Province, emphasized, "This fare rate adjustment was decided after comprehensively considering the industry's worsening management and the burden on passengers due to long-term frozen fares."

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