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By 2007, provincial airports suffered from deficits after a drop in the number of passengers attributed to the KTX. [136] With lower ticket prices, by 2008, KTX has swallowed up around half of the airlines' previous demand between Seoul and Busan (falling from 5.3 million passengers in 2003 to 2.4 million). [137]
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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 ...
From 2015, direct KTX trains are to reach Pohang from Seoul in 1 hour 50 minutes, cutting 33 minutes from the travel time with transfer at Gyeongju. [1] Under the government's 2010 strategic plan for 2020, the entire line may see KTX service.
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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]