The South Korean Audit Office has released findings indicating that the Han River Bus system, which is a flagship initiative of Seoul Mayor Oh Se-hun, does not meet the initially promised operating speed for effective commuting. The report, published on November 16, 2024, underlines that the buses are projected to operate at speeds of only 15.6 knots, well below the 20 knots deemed necessary for commuting purposes. This raises serious concerns about the project's ability to fulfill its intended purpose of aiding city commuters. Despite being aware of the speed limitations, the Seoul City government continued to promote the service as a commuter bus, planning routes and promoting it to the public based on unrealistic performance expectations.

Further complicating matters, the Audit Office noted discrepancies in how Seoul City assessed the economic feasibility of the Han River Bus project. The city excluded certain costs, like vessel acquisition, from the total project cost, allowing it to report a lower financial burden and thereby bypass necessary oversight mechanisms for projects exceeding a budget of 500 billion won. In reality, the total project cost is significantly higher at 1,542 billion won, highlighting the potential for economic miscalculations and flaws in governance. This raises questions about the project’s transparency and accountability, aiming to serve the public interest while risking taxpayer money.

In conclusion, the Audit Office's findings not only cast doubt on the operational efficiency of the Han River Bus system but also reveal worrying lapses in financial management by the Seoul government. The implications of this audit may influence public opinion on future infrastructure projects and put pressure on local officials to ensure proper oversight and accountability, particularly in transportation projects intended to enhance urban mobility.