The impacts of high speed train on the regional economy of Korea

Abstract

High-speed railway (Korea Train Express) has had a deep impact on the regional economy of Korea. Current high-speed rail research is mostly theoretical, there is a lack of quantitative research using a precise algorithm to study the effect of high-speed railway on the regional economy. This paper analyses the influence of highspeed rail on the regional economy, with a focus on the Daegu area. Quantitative analysis using department store indexes and regional medical records is performed to calculate the economic influence of high-speed rail. The result shows that high-speed railway effects the regional economy though regional consumption growth and medical care trends.

Analysis of Mobile Phone Data to Compare Mobility Flows and Hotspots Before and After the Opening of High-Speed Railway: Case Study of Honam KTX in Korea

“…They concluded that there is no negative impact of KTX on the local shopping activities at least in the first year of its introduction, although the respondents in local areas expected more visitors from the Seoul metropolitan area rather than those from local cities because of the reduced travel times. Park and Kim [19] investigated the effect of Gyeongbu KTX on the regional economy. They focused on the department store and regional medical records to calculate the economic influence of the KTX.…”