The government’s support for free transportation has been canceled as subway fares in Seoul are likely to rise

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(2)The government’s support for free transportation is likely to rise in subway fares in Seoul
(3)Enter 20221225 p.m. 103 article text

(1)The basic fare for the Seoul subway system has remained the same for eight years since it was raised from 1,50 won to 1,250 won in 2015, and considering that it has been raised along with the bus fare every three to four years, it is well past the adjustment time
(2)On top of that, as the number of free transportation increases every year due to the aging population, the average fare per person is less than half of the cost, and the loss of freight per person jumped from 494 won in 2019 to 1,15 won last year
(3)To make matters worse, the Seoul Transportation Corporation, which operates the Seoul Subway, recorded a net loss of KRW 586.5 billion in 2019 to KRW 1.1137 trillion in 2020 and KRW 964.4 billion last year as passenger transportation income decreased due to COVID-19 Free transportation accounted for 292784 billion won in last year’s deficit
(4)Local governments, including the Seoul Metropolitan Government, said that the free ride system for the transportation vulnerable was introduced in 1984 as a result of the government’s order to compensate for the loss