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Korea Expressway Corporation

Korea Expressway Corporation () is a South Korean corporation running the toll roads of South Korea.

Timeline

  • 1968 – Started construction of Gyeongbu Expressway
  • 1969 – KEC founded (capital stock of 50billion won)
  • 1970 – Opened whole section of 428 km Gyeongbu Expressway
  • 1973 – Opened the era of 1,000 km Expressway network
  • 1973 – Established a Survey Institute (Currently Transport Research Institute)
  • 1978 – Daily number of vehicles using expressways surpassed 100,000
  • 1980 – Launched integrated tolling system
  • 1984 – Opened a traffic information broadcasting studio
  • 1987 – Total length of expressway exceed 1,500 km
  • 1988 – Daily toll revenue surpassed 1 billion won
  • 1990 – Total assets exceeded 1 trillion Korea won
  • 1994 – Mechanized toll collection system (TCS) at all toll gates
  • 1994 – Total assets surpassed 5 trillion won
  • 1994 – Introduced the first bus-only lane
  • 1997 – Built nationwide independent communications network
  • 1999 – Started Hi-Pass pilot project
  • 1999 – Opened the era of 2,000 km Expressway network
  • 2001 – Opened 423.2 km expressways
  • 2003 – Arranged foreign capital at low interest rates (US$500mil, 10year maturity)
  • 2007 – Expanded Hi-Pass service to nationwide
  • 2007 – Total length of expressways exceed 3,000 km
  • 2010 – Rate of Hi-Pass use surpassed 50% and number of Hi-Pass users surpassed 5 million
  • 2012 – Opened the era of 4,000 km Expressway network

See also

References

External links