The South Korean Government announced that it would invest 2.5 trillion won (USD 2.2 billion) in railway facilities and safety systems to sharply reduce rail accidents this year. The budget allocated to help prevent train crashes and other major rail accidents has been increased by 32% compared to last year, according to the Ministry of Land, Infrastructure and Transportation.
This year, the government aims to achieve “zero cases” of serious rail accidents and reduce cases of derailment or train crashes by 20% compared to a year earlier. Serious rail accidents refer to cases where there are more than five deaths.
Some of the budget will be spent for the railways’ seismic reinforcement to withstand earthquakes and to sustain less damages in case of natural disasters such as torrential rain and falling rocks.
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