These days, you might have noticed that corporate names and other titles are displayed alongside regular subway station names.
Seoul Metro has reportedly earned 28 billion won through this business.
Selling the rights to display company or institutional names alongside station names is known as the station name-addition business.
It is currently implemented at 38 stations across Seoul Subway Lines 1 through 8 managed by Seoul Metro.
Introduced in 2016 to help overcome the corporation's financial difficulties, the cumulative revenue through August of this year stands at 28 billion won.
Among the 38 stations, which one has the highest contract amount?
It is Gangnam Station, which sees a large floating population.
In 2024, a dental clinic won the bid with a total amount of 1.111 billion won for three years.
Next were Euljiro 3-ga Station at 874.5 million won and Euljiro 1-ga Station at 800 million won.
Not just any company can participate in the station name-addition business.
Offices and other facilities must be located within 1 kilometer of the respective station, and businesses deemed inappropriate for naming public spaces are excluded.
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