Korea Expressway Corporation

In Korea Expressway Corporation's article, we will thoroughly explore all facets of this topic. From its origin to its evolution over time, through its impact on society and its relevance today. We will analyze different perspectives and opinions from experts in the field, as well as relevant data that will help to better understand the importance and influence of Korea Expressway Corporation in different areas. This article seeks to provide a complete and detailed view of Korea Expressway Corporation, with the aim of enriching knowledge and promoting critical reflection on this topic.

Korea Expressway Corporation
Company typeGovernment-owned corporation
IndustryRoad transport
FoundedFebruary 15, 1969
Headquarters77, Hyeoksin 8 ro, Gimcheon-si, Gyeongsangbuk-do, South Korea
Key people
Kim Jin-sook, President
ProductsExpressway
Number of employees
4,220 (2014)
SubsidiariesBusan–Ulsan Expressway Co., Ltd.
Websitehttp://www.ex.co.kr/eng/
Korea Expressway Corporation
Hangul
Hanja
Revised RomanizationHanguk Doro Gongsa
McCune–ReischauerHan'guk Toro Kongsa
Former logo (1989~2007)

Korea Expressway Corporation (Korean: 한국도로공사) 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

  1. ^ "Korea Expressway Corporation Purpose & Mission". Korea Expressway Corporation. 2011. Archived from the original on 2012-08-01. Retrieved 2011-11-14.
  2. ^ "KEC Purpose & Mission". Korea Expressway Corporation. 2011. Archived from the original on 2012-08-01. Retrieved 2011-11-14.
  3. ^ "기록물 생산기관 변천정보 > 기관연혁 상세정보". theme.archives.go.kr (in Korean). Retrieved 2018-04-16.

External links


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