Seoul to raise bus, subway fares
Feb 2, 2012
The Seoul Metropolitan Government said Thursday it will raise public transit fares by 150 won ($0.13) late this month to reduce mounting deficits in the public transportation system.The minimum bus and subway fare will rise from 900 won to 1,050 won for adults from Feb. 25. Fares for children and teenagers will remain unchanged.The decision to allow the fare hike was taken to lower deficits stemming from energy costs, fee discounts and some free rides, among other factors, officials said. It is