The business combination of Korail and SR has been granted final approval.
Accordingly, SRT will be integrated into KTX starting in September.
For three years following the merger, KTX fares will be lowered by 10% to the level of SRT, while the frequency of operations and number of seats will be increased.
The Fair Trade Commission stated that because fares and operational frequencies are subject to government regulation, it granted final approval as the concerns over fare hikes or service degradation following the integration are low.
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Copying, redistribution, and unauthorized use in AI training are strictly prohibited.
Choi Seung-hun
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