FRAMEWORK ACT ON RAILROAD INDUSTRY DEVELOPMENT

Article 1(Purpose) #

The purpose of this Act is to contribute to the advancement of railroad industry efficiency as well as the public good and the development of the national economy, by raising the competitiveness of the railroad industry and laying the foundation for its further development.

Article 2(Scope of application) #

This Act shall apply to railroads falling under any of the following subparagraphs; provided, the provisions of Chapter II shall apply to all railroads: <Amended on Jun. 9, 2020>

1. Railroads owned, constructed, operated or managed by the State or the Korea High-Speed Rail Construction Authority (hereinafter referred to as the "High-Speed Rail Construction Authority") established under the Korea High-Speed Rail Construction Authority Act;

2. Railroads owned, constructed, operated, or managed by Korea National Railway established under Article 20(3) or the Korea Railroad Corporation established under Article 21(3).

Article 3(Definitions) #

The terms used in this Act are defined as follows: <Amended on Jun. 9, 2020>

1. The term "railroad" means a transportation system in which railroad facilities necessary to transport passengers and freight, rolling stock and an operation/supporting system relevant thereto are comprised organically;

2. The term "railroad facilities" means any of the following facilities (including sites):

a. Railway tracks (including facilities ancillary to railway tracks), station facilities (including distribution facilities, transfer facilities, convenience facilities, etc.) and buildings and building facilities for railroad operations;

b. Track and railcar repair and maintenance site, rolling stock maintenance sites and rolling stock storage facilities;

c. Railroad power facilities, information and communication facilities, and signaling and train control facilities;