Ferry prices to rise

Korea may allow ferry operators to charge more so they can upgrade their fleets in the wake of the Sewol tragedy.

The Chosun Ilbo daily cited an unnamed official at the ministry of oceans and fisheries as saying the move could see owners hiking prices by between 20% and 30%.

The companies will then be asked to use the profits to buy new vessels or invest in enhanced safety measures.

The Sewol sank last month off the coast of Korea, killing more than 300 people, many of them schoolchildren.


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