Government reviews system for foreigners' credit card use in public transit

The South Korean government has begun reviewing a system to allow foreign tourists to use buses and subways with overseas-issued credit cards. This initiative aims to address the inconvenience faced by visitors who currently must purchase and top up transportation cards with cash or buy foreigner-specific prepaid cards. The study will estimate the required budget and determine who should bear the costs.

The South Korean government has recently launched a bid to commission a study on introducing an open-loop public transportation payment system to enhance convenience for foreign tourists. The Ministry of Land, Infrastructure and Transport plans for the study to run from this month through the end of next year, exploring ways to enable direct fare payments using international credit cards. Currently, visitors face inconvenience by having to purchase and top up transportation cards with cash or buy prepaid cards designed specifically for foreigners.

The number of foreign visitors rose 15.2 percent year-on-year to 15.82 million from January to October this year, heightening the need for improvements. Major global cities, including New York and London, have already implemented systems allowing passengers to use their own credit cards for public transit.

"It would be difficult to roll out the system nationwide over a short period, so the government is likely to adopt a phased expansion in consultation with local governments and public transportation operators," a government official said. If the study leads to a decision to introduce the system, actual implementation could begin as early as 2027. The study will focus on estimating the budget required and determining who should bear the related costs.

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Illustration of commuters purchasing discounted monthly public transport passes in Sweden.
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Monthly public transport passes to be halved from July 1

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The government and the Sweden Democrats plan to halve the price of monthly public transport passes nationwide from July 1 until year-end. A support package of around 7 billion kronor will go to regions to cover revenue losses.

韓国のカード会社が、金融当局による家計債務の規制強化を受け、個人事業主や中小企業向けの融資へと軸足を移している。これは今週、複数のカード会社がカードローン残高の目標値を超過したことを受け、金融監督院が各社を呼び出したことによる動きである。業界関係者は、規制による圧力と消費者向け融資における成長余地の制限が主な要因であると指摘している。

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韓国政府は金曜日、消費者がサブスクリプションサービスを管理しやすくし、解約を困難にするダークパターンを抑制するための対策を発表した。

The Tidö parties announced on Tuesday that the price of monthly public transport passes will be halved from July 1 until year-end. The 6.5 billion kronor measure is loan-financed in response to the energy crisis.

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韓国の具潤哲(ク・ユンチョル)国務調整室長は火曜日、保有税と取引税のバランスを調整するため、政府が今月中にも不動産税制の改正案を公表する方針であることを明らかにした。

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