Is Seoul Metro Corporation Moving Toward Management & Safety Normalization?

Since President Baekho's Appointment, Progressing Towards Normalization in Management and Safety Fields

Seoul Metro (President Baek Ho) is drawing attention for gradually stabilizing in management improvement and safety sectors.

The corporation has been facing management difficulties due to a significant increase in debt caused by the rise in fare-free passengers amid an aging population trend. Moreover, the outbreak of COVID-19 greatly reduced transportation personnel, exacerbating the challenges.

However, this year, daily transportation personnel reached about 7.3 million, approaching the pre-COVID-19 daily figure of approximately 7.5 million, leading to a considerable improvement in sales.

In addition, the real estate sales process to reduce debt, initiated as part of management innovation during the previous president’s tenure, is also accelerating.

A company official stated, “Although the company is still in a difficult situation with financial debt reaching 3.5 trillion won, management innovation efforts are proceeding as planned, with smooth progress in real estate sales following the Yongsan apartment sale.”

Alongside this, the company is normalizing in the safety sector without major accidents. Two years ago, vehicle collision accidents and construction site accidents occurred frequently.

This caused significant public anxiety. However, since the appointment of Technical Headquarters Director Kim Seong-ryeol, internal discipline has been established through midnight site inspections and other measures.

Furthermore, since President Baek Ho’s inauguration, operating the company under the motto of ‘on-site management’ has resulted in almost no major or minor accidents.

For the Seoul subway, serving 20 million people in the metropolitan area, safety is paramount.

For this reason, President Baek Ho and executives prioritize safety accidents. A company executive said, “Since President Baek, a former Seoul City Urban Transportation Director, took office, quick decision-making has created a good working atmosphere for executives and employees,” adding, “We are working together to restore normal management.”

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