抄録
Regulatory reform in public transport has become one of important issues in many countries, in order to improve efficiency and provide better services to user s. Since regulatory reform will bring about institutional and structure changes of the organization, then it will imply the way of the public transport services regulated and managed.
This paper highlights how public transport service is organized under service contracts system, as one of growing trends recently. That is to say a system of which the service delivery of public transport is conducted by business enterprise on specified target which is planned by authority, which works under contract agreement between them.
The study focuses on the two cases namely both London's and Seoul's models. These will illustrate how they are put into practice in those cities. It could be significant as an alternative in undertaking local public transport reform efficiently.
