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Former logo (1989~2007)
Korea Expressway Corporation
(
Korean
:
한국도로공사
) is a South Korean corporation running the toll roads of South Korea.
[2]
Timeline
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- 1968 ? Started construction of
Gyeongbu Expressway
- 1969 ? KEC founded (capital stock of 50billion won)
[3]
- 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
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References
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External links
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