Seoul Metro Explained

Seoul Metro
Type:Municipal-owned corporation
Foundation:31 May 2017[1]
Predecessors:Seoul Metro Corporation
Seoul Metropolitan Rapid Transit Corporation
Location:346 Cheonho-daero, Seongdong District, Seoul, South Korea
Key People:Baek Ho[2] (CEO)
Industry:Rapid transit
Products:Subway
Owner:Seoul Metropolitan Government
Hanja:서울
Rr:Seoul Gyotong Gongsa
Mr:Sŏul Kyot'ong Kongsa

Seoul Transportation Corporation, branded as Seoul Metro, is a municipal-owned corporation owned by Seoul Metropolitan Government, and one of the two major operators of Seoul Metropolitan Subway with Korail.

History

On May 31, 2017, Seoul Transportation Corporation was formed after a merger of Seoul Metro Corporation and Seoul Metropolitan Rapid Transit Corporation to more efficiently operate services on lines 1–9.

Management・Performance

In South Korea, seniors aged 65 and over can ride the subway for free. However, due to this country's system, Seoul Metro's deficit is getting worse.

A declining birthrate and aging population are expected to further worsen public finances, and there is even talk of raising the age limit for free passes.

Seoul Metro, the operator of the subway system in Seoul, suffered a net loss of around 1 trillion won annually since 2020, with an accumulated net loss of 14 trillion won. A similar problem is occurring at the Korea Railroad Corporation.[3]

Lines and sections

Seoul Metro's service covers part of lines 1, 3, 4 and all of lines 2, 5, 6, 7, 8 & 9. Trains from Lines 1, 3 and 4 through operate with Korail services.[4] Seoul Metro controls the railways and stations owned by the Seoul Metropolitan Government.

Line NameStarting Station(s)Ending Station(s)StationsTotal Length
CheongnyangniSeoul107.8 km
Soyosan / / / Incheon / Seodongtan / Gwangmyeong / Sinchang(Soonchunhyang Univ.)97200.6 km
City Hall / Sindorim / SeongsuKkachisan / Sinseol-dong / City Hall5160.2 km
JichukOgeum3438.2 km
DaehwaOgeum4457.4 km
DanggogaeNamtaeryeong2631.7 km
Jinjeop / / Oido5172.1 km
BanghwaHanam Geomdansan / Macheon5763.0 km
EungamSinnae3936.4 km
JangamOnsu4146.9 km
JangamSeongnam5360.1 km
AmsaMoran1717.7 km
EonjuVHS Medical Center1212.8 km
Gaehwa / VHS Medical Center3840.6 km

Depots

See also

External links

Notes and References

  1. News: Seoul Metro Created out of Merger between Two Subway Corporations. 1 June 2017. The Korea Economic Daily. The Korea Economic Daily. 31 May 2017. 27 June 2019. https://web.archive.org/web/20190627093253/http://english.hankyung.com/business/2017/05/31/1120141/seoul-metro-created-out-of-merger-between-two-subway-corporations. dead.
  2. News: 서울교통공사 사장에 백호…"혁신 원년…방향키 과감히 전환". 31 July 2023. Yonhap News. . 23 May 2023.
  3. https://en.yna.co.kr/view/AEN20230216007900315 (News Focus) Free subway rides for seniors under hot debate again amid aging society
  4. Web site: 서울교통공사 블로그. 2021-05-31. Naver Blog.