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Islands of Korea, Islands of the World Islands of Korea, Islands of the World  The average annual               Annual Average     The average annual             Fare per Kilometer                                                          ISLAND Scene



                                               Number of Ferry Passengers
                  number of coastal
                                                                                                                                         number of coastal
                                                                                                                                                                                                                                                    ISLAND Scene

                                                                                                                                         ferry passengers is
                  ferry passengers is
                                                                                                                                                                                          ,38
                                                                                                                                         13 million

                  13 million
                                                                                                       Approx.

                                                                                                       13 million
                  Source: Ministry of the Interior and
                                                                                                                                         Korea Maritime Transportation


                                                                                                                                         Safety Authority, 2022, “Coastal Ferry
                  Safety, 2021
                                                                                                                                         Statistics”

                                                                                                                                                                                                                                       ,38






                                                                                                                                                                                                                     ,38      ,38

                                                                                                                                                                                                          ,38


                                                                                                                                                                                                  ,38
                                               The number of ferry operators increased from 59 in 2019 to 61 in 2021.
                                               However, as of 2021, 36 operators (59%) were small businesses operating                                                              Coastal   ITX Commuter   Village   Express   City   KTX
                                               only 1 to 2 vessels.With the exception of long-distance operators serving                                                             Ferry    Train    Bus       Bus      Bus      Train
                                               routes like Jeju Island and Baengnyeong Island, most companies remain
                                               small-scale and financially vulnerable.
                                                                                                                                                                        Ferries are the primary mode of transportation connecting islands to islands
                                                                                                                                                                        and islands to the mainland. In South Korea, where 464 islands are home to
                                               Following the Sewol Ferry disaster, stricter regulations on vessel age were
                                                                                                                                                                        approximately 820,000 residents, the fare for coastal ferries is significantly
                                               implemented, leading to a reduction in ferries over 20 years old. In 2013, 122
                                                                                                                                                                        higher compared to other transportation options. Did you know that ferry
                                               vessels (70% of 174) were over 20 years old, but by 2021, the number had
                                                                                                                                                                        fares are 3 times higher than metropolitan subways or express buses and 10
                                               decreased to 26 vessels (15% of 164).                                                                                    times higher than ITX commuter trains?
       Vol.01  Vol.01                          Another growing concern is the aging workforce. As South Korea’s population
                                               continues to age, this demographic shift will inevitably impact the age of ferry
                                               crew members as well, posing further challenges for the industry in the future.                                          Budget Support for Public Transportation

                                                                                                                                                                              Ferry Routes            Bus                Subways
                  (Korea Maritime Transportation
                  Safety Authority, 2022, “Enhancing   Average Age of Ferry Crew
                  Public Service for Coastal Ferries
                  to Promote Island Utilization”)
                  (Yeosu City Hall, 2021, “A Study on
                  Stabilizing Ferry Operations for the     T
                  Geomun Route”)
                                                                                                                                                                                KRW 22            KRW 463.6 billion    KRW 818.7 billion
                                                     T
                                                                                                                                                                                 billion          (21 times higher)    (37 times higher)
                                                     T
                                                                                                                                                                        Why are ferry fares so expensive? The reality is that ferries have only been
                                                                                                                                                                        recognized as a form of public transportation for just two years. This
                                                                                                                                                                        change occurred on October 8, 2020, when the Public Transportation
                                               Although ferries are the only means of transportation connecting islands
                                                                                                                                                                        Promotion and Use Act was amended to include ferries as part of the public
                                               to the mainland, frequent cancellations due to bad weather often disrupt
                                                                                                                                                                        transportation system.
                                               routes, causing significant difficulties for island residents.
                                                                                                                                                                        Despite this recognition, the 2022 budget allocated only KRW 22 billion across
                                                                                                                                                                        104 ferry routes, including:
                                               Annual Ferry Cancellation Days                                                                                             - KRW 7.4 billion for coastal ferry route stabilization
                                                                                                                                                                          - KRW 14.6 billion for fare subsidies for island residents
                                                  Ulleungdo Island    Baengnyeongdo Island     Geomundo Island
                                                   – Pohang City          – Incheon City         – Yeosu City                                                           This amount remains disproportionately low compared to other public
                                                                                                                                                                        transportation systems. To address the issue of high ferry fares, ensure
                                                    147 Days               93 Days               91 Days                                                                maritime transportation safety, and correct systemic inequities, it is imperative
     30                                                                                                                                                                 to urgently implement a Public Ferry Service System.                        31
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