• 2025.10.22 (Wed)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
APEC2025KOREA가이드북
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
MENU
 
Home > Industry

South Korea Unveils Comprehensive Plan for Underground Railway Development

KO YONG-CHUL Reporter / Updated : 2025-01-08 14:39:18
  • -
  • +
  • Print

Seoul, South Korea – The Ministry of Land, Infrastructure and Transport has announced a comprehensive plan to expedite the underground development of railways across the country. The plan outlines a long-term roadmap to guide local governments and industry stakeholders in their efforts to underground railway lines and optimize land use.

A key focus of the plan is to prioritize projects that can generate sufficient revenue from above-ground development to offset the costs of underground construction. For projects with limited financial viability, the government will explore support options and consider the potential economic impact on local communities.

To streamline the implementation of these projects, the government plans to establish a dedicated subsidiary under the Korea Railroad Corporation. This new entity will be responsible for overseeing and managing underground railway development projects. Additionally, a unified accounting system will be implemented to facilitate the sharing of resources among different regions.

The scope of underground railway development projects has been expanded to include the construction of artificial platforms above railway facilities. This will allow for more intensive and versatile land use. The government will also offer various incentives to promote high-density development in these areas.

While the initial phase of the plan was originally scheduled for completion this year, it has been delayed due to ongoing negotiations with local governments. Some local authorities have proposed including all railway lines within their jurisdictions in the first phase, while others have raised concerns about funding.

The Ministry plans to form task forces to address these issues and finalize the details of the first phase of the project. Once agreements have been reached with local governments, the ministry will proceed with developing a comprehensive plan for nationwide railway underground development.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #globaleconomictimes
  • #seoulkorea
  • #periodicoeconomico
  • #글로벌이코노믹타임즈
  • #GET
  • #GETtv
  • #대한민국
  • #중기청
  • #재외동포청
  • #외교부
  • #micorea
  • #my
KO YONG-CHUL Reporter
KO YONG-CHUL Reporter
Reporter Page

Popular articles

  • The Imminent Reality: Donald Trump's Unlikelihood for the Nobel Peace Prize as a Destroyer of International Order

  • "Trump's Delusion for the Nobel Peace Prize: The Award He Deserves is 'The NO PEACE Prize'"

  • McDonald's 'Subtle Racism' Controversy: Korean American Denied Order After 70-Minute Wait

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://globaleconomictimes.kr/article/1065591496950566 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • LG Electronics Launches 'ThinQ ON' AI Home Hub to Lead Smart Home Market
  • Supersonic 'Hyperloop' Poised to Shrink South Korea, Cutting Seoul-Busan Trip to 20 Minutes
  • Traffic Congestion Levy Stifles Support for Small Businesses
  • S. Korea Ramps Up Cybersecurity with Sweeping Measures
  • Gmarket Challenges E-Commerce Leaders Coupang and Naver with 700 Billion Won Investment and Alibaba Synergy
  • Arc Flash Horror: Uncertified Adapter Blamed for Fiery Tesla Charging Explosion in Canada

Most Viewed

1
The Imminent Reality: Donald Trump's Unlikelihood for the Nobel Peace Prize as a Destroyer of International Order
2
Renewable Energy Covers 100% of Global Electricity Demand Growth in H1 2025, Marking a Turning Point in the Fossil Fuel Era
3
Early Winter Chill Grips South Korea as Seoraksan Sees First Snow
4
McDonald's 'Subtle Racism' Controversy: Korean American Denied Order After 70-Minute Wait
5
A Chemical Revolution, the Era of Metal-Organic Frameworks (MOFs) Begins: 2025 Nobel Prize in Chemistry
광고문의
임시1
임시3
임시2

Hot Issue

Chinese Researchers Unveil Ultra-Fast Analog Chip, Targeting 1,000x Nvidia Speed

Melody in the OR: Parkinson's Patient Plays Clarinet During Brain Surgery

South Korean Chip Titans Clash Over Next-Gen HBM4 Memory

South Korea to Launch Government-Led AI Certification to Combat Market Confusion

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • APEC2025가이드북TV
  • 세종시
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
  • Multicultural News
  • Jobs & Workers
  • APEC 2025 KOREA GUIDE