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KTX trains not deviating from the Seoul–Busan corridor are operated as the Gyeongbu KTX service. [94] In 2004, the new service cut the route length from 441.7 to 408.5 km (274.5 to 253.8 mi), [ 29 ] and the fastest trains, serving four stations only, cut the minimum Seoul–Busan travel time from the Saemaul 's 4 hours 10 minutes to 2 hours ...
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).
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The Super Rapid Train (SRT) is a high-speed rail service operated by SR Corporation; it was launched on 9 December 2016. [9] [15] By January 2021, the service consisted of two routes, Suseo–Busan and Suseo–Mokpo. [16] For 2020, SR Corporation achieved a market share of 29 percent upon these two routes against the incumbent KTX service. [17]
The Gyeongbu high-speed railway, also known as Gyeongbu HSR, is South Korea's first high-speed rail line from Seoul to Busan. KTX high-speed trains operate three sections of the line: on 1 April 2004, the first between a junction near Geumcheon-gu Office station, Seoul and a junction at Daejeonjochajang station north of Daejeon, and a second between a junction at Okcheon station, southeast of ...
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A former Allianz fund manager was spared prison time on Friday over his role in a meltdown of private investment funds sparked by the COVID-19 pandemic that caused an estimated $7 billion of ...