A Study on efficiency of the Korea National Railroad

우리나라 철도운영체의 효율성에 관한 연구

This paper evaluates the efficiency of Korea National Railroad on the basis of revenues from 1980 to 1999. There was a significant inefficiency in this organization due to operating at an decreasing return to scale area. Although Korean Railroad in 1990s has made a great effort, his performance is still low. Consequently, it is important to insure substantiality of operations than to expand business area in order to finally improve the efficiency, in particular the revenue efficiency, of the Korea Railroad.