Seoul Metropolitan Council Transport Committee Adopts Witnesses Including Cha Partners Asset Management for Audit

Resolution to Summon Witnesses for the 2022 Administrative Audit by the Transportation Committee... Attendance Requested from Cha Partners Asset Management CEO Regarding Stable City Bus Service... Attendance Requested from CEOs of Ollulo Co., Beam Mobility Korea Co., Airport Limousine Co., and Seoul Airport Limousine Co. Regarding Shared Personal Mobility Devices and Airport Bus Service Improvement... Attendance Requested from CEOs of Seoul CNG Co. and Cowon Energy Service Co. Regarding Future Operation After Donation Deadline Expiry of CNG Charging Station in Public Garage

[Asia Economy Reporter Jong-il Park] The Seoul Metropolitan Council's Transportation Committee (Chairman Junghwa Park · photo, People Power Party, Seongdong 1) announced that during the 314th extraordinary session, it has selected representatives from Cha Partners Asset Management, Ollullo Co., Ltd., Seoul C&G Co., Ltd., Airport Limousine Co., Ltd., Seoul Metro Line 9 Co., Ltd., Next Train Co., Ltd., and Dongbuk Line Urban Railroad Co., Ltd. as witnesses for the administrative audit of the Urban Transportation Office and others.

On October 21, the Transportation Committee held an extraordinary session during the recess of the 314th session and passed the “2022 Administrative Audit Witness Summons Proposal” to summon the relevant witnesses.

The Transportation Committee members pointed out that “a prior review is necessary regarding potential issues arising from private placement funds recently entering bus companies, in order to improve the operational efficiency of Seoul’s quasi-public bus system and provide citizens with sustainable and stable services.”

They also noted, “It is necessary to check the results of measures taken regarding parking order and safe operation guarantees for shared Personal Mobility (PM) devices, which were pointed out during the 2020 Transportation Committee administrative audit when witness attendance was requested. Additionally, there is a need to devise activation plans for the shared PM industry, which has been shrinking due to various regulatory issues, and to prepare improvement measures for airport bus services following the COVID-19 pandemic.”

Chairman Junghwa Park of the Transportation Committee stated, “Through this administrative audit, it is necessary to prevent side effects caused by private placement funds entering quasi-public city bus companies in advance, and to review the results of securing pedestrian safety related to the use of Personal Mobility (PM) devices, which have caused inconvenience and risks to citizens, as well as to seek ways to promote their use. We will also do our best to efficiently operate the CNG charging stations within public garages, as pointed out in last year’s administrative audit.”

If a summoned witness fails to attend without justifiable reason or refuses to testify, a fine of up to 5 million KRW may be imposed. (Article 41, Paragraph 5 of the Local Autonomy Act)

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