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High-speed rail service in South Korea began with the construction of a high-speed line from Seoul to Busan in 1992, and was inspired by Japan's Shinkansen. The first commercial high-speed rail service was launched on 1 April 2004. Currently, South Korea hosts two high-speed rail operators: Korea Train eXpress (KTX) and Super Rapid Train (SRT).
KTX fares were designed to be about halfway between those for conventional trains and airline tickets. [116] The fare system implemented at the start of service in April 2004 deviated from prices proportional with distance, to favour long-distance trips. [116] On April 25, 2005, [117] fares were selectively reduced for relations under ...
Opening ceremony of the Gyeongin Railway between Seoul and Chemulpo (today Incheon) on September 18, 1899.. Rail transport in Korea began in the late 19th century. On March 19, 1896, the late Joseon Dynasty that ruled Korea awarded American engineer James R. Morse a concession to build a railway between Seoul and Chemulpo (today Incheon), while on July 4, the French company Compagnie de Fives ...
The Honam high-speed railway, also known as Honam HSR, is a high-speed rail between Osong (on the existing Gyeongbu high-speed railway) and Mokpo in South Korea.The line is a part of Korail's Korea Train Express (KTX) system, accelerating Seoul–Mokpo and Seoul–Gwangju KTX high-speed services which currently use the existing conventional Honam Line.
From 1974 until 1985, the subway's fare system was distance-based and Edmondson railway tickets, originally introduced for the Korean railways during Japanese rule, were used for fare validation. In 1985, the fare system changed to a zone-based system and magnetic-stripe paper tickets were introduced to replace the Edmondson system.
Fares are set according to distance. KORAIL has posted losses every year for the last decade, with the exception of 2015. In 2021 alone, the deficit was 1.1081 trillion won. As of the end of 2021, the cumulative deficit is 18.66 trillion won. Rail fares have been frozen since they were raised by 4.9% in 2011.
The Intercity Train eXpress-Saemaeul (ITX-Saemaeul; Korean: ITX-새마을) is a class of train operated by Korail, the national railroad of South Korea, it was introduced on May 12, 2014, to replace the Saemaeul-ho. The new ITX-Saemaeul trains have a faster average speed of 150 kilometers per hour.
It is the only Limited express in Korea, and offers services comparable to those in Japan. In fact, it is known to benchmark Japan's Limited express. Korea's first double-decker coach ran on this line. This train connects Seoul, Guri, Namyangju, Gapyeong and Chuncheon. ITX-Cheongchun trains have an average speed of 180 kilometers per hour.