Gyeongsan City Raises City Bus Fare for the First Time in 7 Years... Transportation Card 1250 Won → 1500 Won
Children and Youth Fare Freeze
Daegu-Gyeongsan-Yeongcheon Transfer Agreement
Gyeongsan City (Mayor Jo Hyun-il) will raise city bus fares starting from the 13th. This is the first fare adjustment in seven years since December 2016.
While other cities and counties in the Gyeongbuk region raised fares in January 2021, Gyeongsan City had postponed the increase for two years. This fare hike was finalized through deliberation and resolution by the Gyeongsan City Comprehensive Transportation Development Committee and the Price Countermeasure Committee, following the adjustment of city bus fares in Daegu as part of the Daegu-Gyeongsan-Yeongcheon metropolitan transfer discount agreement.
With this city bus fare increase, starting from the 13th, the fare for general passengers using transportation cards will be adjusted from 1,250 won to 1,500 won, and cash fares will be adjusted from 1,400 won to 1,700 won. Child and youth fares have been frozen to minimize the increase rate in consideration of household burdens.
Gyeongsan City had postponed fare increases despite rising public transportation operating costs such as labor, fuel, and ancillary expenses, out of concern for citizens' household burdens. However, due to the impact of COVID-19 and increased private car usage causing a decline in passengers, and the accumulation of deficits from low fare recovery rates compared to operating costs, which led to management crises for transportation companies, the fare adjustment became unavoidable.
Gyeongsan City plans to continuously guide and supervise transportation companies to make high-intensity management rationalization efforts to reduce costs and improve service quality so that the fare increase can lead to greater convenience for citizens using public transportation.
Hot Picks Today
About 100 Trillion Won at Stake... "Samsung Strike Is an Unprecedented Opportunity" as Prices Surge 20% [Taiwan Chip Column]
- "Heading for 2 Million Won": The Company the Securities Industry Says Not to Doubt [Weekend Money]
- "Envious of Korean Daily Life"...Foreign Tourists Line Up in Central Myeongdong from Early Morning [Reportage]
- "Anyone Who Visited the Room Salon, Come Forward"… Gangnam Police Station Launches Full Staff Investigation After New Scandal
- Did Samsung and SK hynix Rise Too Much?... Foreign Assets Grow Despite Selling [Weekend Money]
Mayor Jo Hyun-il of Gyeongsan City stated, “We have delayed fare increases as much as possible over the past seven years since the last increase in December 2016, but we hope citizens understand this unavoidable increase under the Daegu-Gyeongsan-Yeongcheon agreement. We will actively strive to promote various policies to revitalize public transportation and enhance convenience so that public transportation can fully serve as the citizens’ means of mobility.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.