There seems to be a rumor that Seoul Transportation Corporation is in danger of going bankrupt within a month.ㄷㄷㄷㄷ

Seoul subway faces up to KRW 1 trillion in funding next year, Corona crisis
‘Fear of bankruptcy’
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Seoul Transportation Corporation, which operates Seoul subway lines 7 and 8, will begin construction next year.
It is predicted that there will be a shortage of up to 7 trillion won in funds for operation.
Behind: Due to the spread of COVID-79 and social distancing, subway users are decreasing.
Construction is in flux due to financial difficulties similar to those experienced during the sharp decline.
The possibility of bankruptcy due to a financial crisis cannot be ruled out.
It is reported that the company is preparing measures to reduce costs.
It is said that the urgent fire will be extinguished through the issuance of bills of exchange (CP), expansion of support, etc.
However, the fundamental cause of financial difficulties is compensation for free-riding losses.
There are no measures such as raising subway fares, which are only 50% of the original cost.
In many cases, it is pointed out that this is a temporary measure.
The main cause of the financial crisis is the lack of transportation revenue. Seoul underground
The rate realization rate (ratio of freight to transportation cost) of steel is only 55%.
For every 7 passengers, we lose about 858 won. 65 years or older
Losses from free riding, including to the elderly, amounted to KRW 304.8 billion (per day) from July to September this year.
This trend continued until the end of the year, with an average loss of 1.77 billion won.
In many cases, free-riding losses alone are expected to exceed 400 billion won again this year.
Decided to increase subway fares, increasing burden on people and raising prices
Losses resulting from cancellation due to concerns about winning, etc. (KRW 39.6 billion); Gifu-dong
Hancard benefits provided (KRW 39.2 billion) Free re-ride within 75 minutes (KRW 26.4 billion)
etc.
Revenue deficit due to Seoul Metropolitan Government’s policy was 705.2 billion won for two days.
I’m nervous. In addition, due to rising prices such as increases in electricity rates,
one
Increase in various expenses, including national expenses (KRW 32.7 billion) and outsourcing services (KRW 32.8 billion)
Become the head of the household

[Exclusive] Seoul subway up to KRW 1 trillion next year
‘Budo’ in the midst of a coronavirus-level financial crisis
ryo’
Entered 2024.11.28 04:30
page 71
Reporter Park Min-sik
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Expected funding shortfall of KRW 857 billion next year
If the rate increase is postponed, the maximum amount will exceed KRW 1 trillion.
The possibility of default (dedolt) cannot be ruled out.
“Payment carryover limit has been reached, countermeasures are being prepared.”
P
cellar
Oh my

Since the crisis broke out
There’s less than a month left until my absence expires, but I can’t go at the moment.
In addition, the capital was wasted to pay for the delayed wages.
Even from the city of Seoul’s perspective, my head is exploding right now.
Since the reprimand is not possible, Jungkook’s team is unable to pass the supplementary budget.
I’m screaming somewhere else too
If it goes bankrupt, just go for privatization.
The city of Seoul will have to repay more money over the next year.
The government has already been paralyzed until the expiration of overseas private placements.
I’m preparing to come in because I can’t pay it back.
Are you talking about privatization or a transportation crisis?
It seemed like there was talk of privatization in high-ranking internal circles.