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

Korea Expressway Corporation

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