All nine shareholders including Hyundai Rotem and Industrial Bank of Korea have disposed of their holdings with the company. Hyundai Rotem and Macquarie Korea Infrastructure Fund were two largest shareholders in the company, with stakes of 25.0 and 24.53 percent respectively.
The new shareholders include Kyobo Life, Hanwha Life, and Shinhan Bank. Hanwha Asset Management and Shinhan BNP Paribas Asset Management have been selected as asset managers. The total volume of shares sold was 746.4 billion won. From now on, any fare raises must be approved by pertinent authorities beforehand instead of after-the-fact notice, the decision on fares has effectively shifted to the Seoul City Government.
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