Asset Development
KORAIL’s Asset Development Business
seeks to contribute to management improvement by developing and giving weight to new profit system with high-added value assets, rather than heavily depending on profit from transport business We develop station buildings (private capital station or /station complex), station nfluence areas, railway roadside lands and loan assets as well.
Scope of Asset
Development
- Projects decided by Presidential Decree as development/operation projects for station’s sphere of influence or such projects using KORAIL’s assets
- Projects decided by Presidential Decree as station development/operation according to subparagraph 2 (a) of Article 2 of the Railroad Construction Act
- Projects decided by Presidential Decree as tourist projects according to the Tourism Promotion Act
- Projects connected to the above-decided projects by Presidential Decree
Main Duties
- Establishing and executing mid- to long-term business development plans
- Planning/adjusting business development policy
- Developing and operating private/complex stations
- Working on projects to develop station’s sphere of influence and railway lands
- Conducting project feasibility studies, deciding business methods designing and overseeing construction process
- Overall asset management and operation
- Asset investment/lease/disposal
- Working on development projects and exploring new business opportunities using railway assets
- Managing commercial facilities , advertisements, and car park in railway stations