Legal Analysis on the Service Suspension of Major Private Railway

Abstract

The foreign funding fund wanted to suspend the service of some unprofitable routes of a major private railway company. Although the transportation density of four lines is over 8000 people among five targeted lines, all five lines are presumed to be unprofitable. Although the same problem may occur in other major private railway companies, application of foreign exchange and foreign trade law is not easy. This paper analysed the issue mainly in terms of legal aspects including railway business act.