Yangcheon-gu, Traffic Inducement Charges Reduced by Up to 40%

Yangcheon-gu, Get Your Traffic Volume Reduction Levy Discount!

Recruiting Companies to Participate in Traffic Demand Management Until July 31, Up to 40% Reduction in Traffic Generation Levy for Traffic Volume Reduction

Implementation Period from August 1 to Next July, Discount Rate Determined Through Quarterly Inspections

Traffic Demand Briefing Session Held on July 24 Afternoon to Encourage Participation, Along with On-site Briefings

Downtown view of Yangcheon-gu

Yangcheon-gu (Mayor Lee Gijae) announced that it is recruiting companies to participate in the ‘2023 Corporate Traffic Demand Management’ program until the 31st of this month to realize low-carbon green growth.

‘Corporate Traffic Demand Management’ is a system where large buildings and companies with a total floor area of 1,000㎡ or more voluntarily participate in traffic volume reduction programs and receive up to a 40% reduction in the traffic generation levy based on their performance. Last year, 19 companies participating in traffic demand management received a total reduction of about 590 million KRW in traffic generation levies.

The traffic volume reduction programs eligible for discounts include a total of 10 measures such as ▲carpool restrictions (5·2 system) ▲paid parking ▲bicycle-friendly environment development ▲parking demand management to reduce fine dust ▲operation of commuting and shuttle buses.

Companies wishing to participate must submit a traffic volume reduction implementation plan to the Traffic Administration Division of the district office by the 31st of this month or apply online through the ‘Seoul Corporate Traffic Demand Management’ website.

The implementation period is one year from August 1 to July 31 of next year. The district office will verify compliance through quarterly on-site and document inspections and determine the discount rate accordingly.

To encourage participation, the district office will hold a traffic demand management briefing session on the afternoon of the 24th targeting facility owners with large traffic generation levy amounts and few owners. The briefing will focus on promoting the procedures for levy imposition and collection, the revised traffic volume reduction program items, and detailed standards. Additionally, an on-site briefing will be conducted for facility owners who cannot attend the session.

Lee Gijae, Mayor of Yangcheon-gu, said, “Participating in corporate traffic demand management not only provides benefits such as traffic generation levy discounts but also contributes to smooth traffic flow and low-carbon green growth. We hope companies will take a keen interest and actively participate.”

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