Seoul subway basic fare to increase by 1,400 won next year - South Korea

There are no plans to raise fares on the Seoul subway in 2024. It was initially expected that fares would be raised by around 150 won (about 16 yen) as early as October, but the plan has been revised to keep fares to a minimum in order to stabilize prices.
According to Seoul Metropolitan Government and other sources on the 3rd, due to the government's policy of curbing inflation, it has been decided not to proceed with further increases in subway fares for the time being.
A Seoul city official said, "It is difficult to raise the level immediately, so no specific date has been decided."
Initially, Seoul City had planned to raise subway fares by an additional 150 won in the second half of this year. In August last year, the city increased bus fares within Seoul by 300 won.
In October of the same year, the city of Seoul raised the subway fare by 150 won (about 33 yen). At that time, the city of Seoul decided to raise the subway fare in two instalments, with an additional 150 won.
The increase was scheduled for the second half of this year. Because the integrated transfer discount system is in place, Seoul City is negotiating with Gyeonggi-do, Incheon City, and Korea City to raise fares.
This will include adjustments to fares for the Gimpo Gold Line, Gyeonggi Light Rail, Incheon Lines 1 and 2, and Line 1 operated by KORAIL.
Currently, the basic fare for the Seoul subway is 1,400 won (about 154 yen) based on the card. If the 150 won increase, the basic fare for the subway will be 1,550 won (about 170 yen).
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