Incheon Subway Fare Raised for the First Time in 8 Years... 1250 Won → 1400 Won

Incheon Subway fares will increase from 1,250 won to 1,400 won.

On the 5th, Incheon City announced that it decided to raise the basic fare of the Incheon Subway in order to reduce the urban railway transportation deficit while minimizing the burden on citizens.

The fare increase is expected to be implemented in October after final consultations with Seoul City, Gyeonggi Province, and Korea Railroad Corporation.

The Incheon Subway fare has been frozen for eight years since it rose from 1,050 won to 1,250 won in 2015.

Due to accumulated increases in prices and labor costs, the Incheon Subway recorded an average annual transportation deficit of 176 billion won over the past two years. Also, the fare realization rate, which indicates the fare level relative to transportation costs, dropped to 31% as of last year.

The city initially considered raising the subway fare by 300 won but reduced the increase considering the citizens' burden.

An official from Incheon City said, "Since the opening of Incheon Subway Line 1 in 1999, facilities and equipment have aged and need improvement," adding, "With a surge in large-scale expenditure demands over the past three years, a fare increase is inevitable to alleviate the financial burden of the Incheon Subway."

Incheon Subway [Photo by Incheon Transit Corporation]

Meanwhile, Incheon taxi fares increased from July as follows: standard mid-sized taxis by 1,000 won (3,800 won → 4,800 won), and deluxe and large taxis by 500 won (6,500 won → 7,000 won).

This taxi fare increase in Incheon is the first in 4 years and 4 months since March 2019. While maintaining the same basic fare system, Seoul City implemented a taxi fare increase starting in February, prompting Incheon and Gyeonggi Province to also pursue fare hikes.

Incheon City is also planning to raise city bus fares by 250 won, express buses (direct seat) by 350 won, and Cheongna?Gangseo express trunk buses (BRT) by 400 won in the second half of the year.

In this case, the adult bus fares (using transportation cards) will be 1,500 won for trunk buses, 1,200 won for branch buses, 1,550 won for intercity seat buses to other cities and provinces, and 1,900 won for airport seat buses. Express bus fares will rise to 3,000 won, and BRT fares will increase to 2,600 won.

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