• Journal of the Korean Society for Railway
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• v.20 no.1
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• pp.120-127
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• 2017

The South Korean rail authority is constructing a nationwide tourism belt by developing new rail tour routes in an effort to combine local tourism resources with rail service and to create value in regional areas. As massive financial resources are required to develop and operate such tourist trains, governing authorities are required to examine the feasibility of this project as a sound business model and to assess the public benefit and profitability of the project. In this study, the economic feasibility of the tourist trains was assessed with the contingent valuation method (CVM). According to an estimation of the willingness to pay of potential tour train passengers, the surveyed subjects were willing to pay fares that were higher than prices currently published at the time of this study, thereby demonstrating that the economic value they invest on tourist trains may be higher than published prices at the time. For instance, they were willing to pay 28.4% and 54.9% more for the O-train and V-train types, respectively, according to the study, suggesting that the quality as perceived by train passengers for tourist train services is relatively high. The study is significant in that it succeeded in quantifying the satisfaction level of tourist train passengers using quantitative data (additional funds people are willing to pay).

• Proceedings of the KSR Conference
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• 2008.11b
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• pp.638-644
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• 2008

Mungyeng line(Jupyung${\sim}$Mungyeng) was closed due to a rapid decrease in demand in 1995. However, as the rail transportation demand is expected to increase with the plan to develop a tourist resort and a traffic network in Mungyeng area, it is required to forecast future demand to meet the change of transportation environment in this region. This study predicts the rail transportation demand and analyzes financial benefit in operator's side in case of reopening this line, based on nation-wide traffic volume data from Korean Transportation Database(KTDB). The results of this research can be applied to not only establishing a train operation plan also improving customer service. Moreover, Korail will have an opportunity to develop new business by linking train service to tourist attractions around the Mungyeng area.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.10 no.4
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• pp.900-907
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• 2009

In this research, railway transportation by means of the characteristics of tourism in the selection of railroad tourism and to clarify the difference in IPA is a primary purpose of this research. In addition, the train travel experience would like to clarify the difference in the importance and performance. This research fellows the indication points. First, by means of transportation to select train tourism product is the difference in the importance and performance in the 25 items. Second, the urgent needs to improve part 'Concentrate Here' side of the train, the temperature of the reasonable air-conditioning, and the appropriate means of transport links to the information service has been identified.'Low Priority' side of the entry tourist train operation of the frequency and interval, a total of 26 items, including the efforts of more than the current level of commitment was expected to be unnecessary. Third, according to the experience of sightseeing train railway transportation as a means to help train tourism product selection was the difference in the importance and performance.