Fare Increase After 8 Years... Subway Transport Deficit 173.6 Billion KRW, Bus 264.8 Billion KRW

Incheon subway and bus fares will increase for the first time in 8 years. On the 19th, Incheon City announced that starting from the first train on the 7th of next month, subway and city bus fares will be raised by 150 won and 250 won respectively.


The basic fare for the Seoul Metropolitan Subway lines including Incheon Subway Lines 1 and 2 will be uniformly increased from 1,250 won to 1,400 won for adults, and the integrated transfer discount system will be applied. Distance-based additional charges will remain unchanged.


For regular buses, the fare for trunk lines will rise from 1,250 won to 1,500 won, branch lines from 950 won to 1,200 won, and intercity seat buses to other cities and provinces will increase from 1,300 won to 1,550 won. The seat bus to Yeongjong will increase from 1,650 won to 1,900 won, but if boarding or alighting within Yeongjong city, the fare will be 1,500 won.


Incheon Subway and Bus Fares to Increase from Next Month 7... Subway 1,400 Won, City Bus 1,500 Won View original image

Fares for metropolitan buses (direct seat buses) connecting Incheon and the metropolitan area will increase from 2,650 won to 3,000 won, and metropolitan rapid buses (BRT) will rise from 2,200 won to 2,600 won. Passenger ferry fares for island residents of Incheon will also increase from 1,250 won to 1,500 won for adults. Ferry fares are applied equally to city bus fares according to Incheon City ordinances.


Subway and bus fares in Incheon have been frozen for 8 years since the last increase in June 2015. However, due to continuous inflation and rising labor costs, the public transportation operating deficit reached 173.6 billion won for the subway and 264.8 billion won for buses as of last year.



The city plans to prioritize the use of funds secured through the fare increase for citizen safety and improved convenience, and aims to improve the public transportation operating balance through various revenue-generating projects and cost reductions. Detailed information about the fare increase can be found on the Incheon City website.


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