Korea Expressway Corporation
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| Type | Government-owned corporation |
|---|---|
| Industry | Road transport |
| Founded | February 15, 1969 |
| Headquarters | 77, Hyeoksin 8 ro, Gimcheon-si, Gyeongsangbuk-do, South Korea |
Key people | Ham Jin-gyu, President |
| Products | Expressway |
Number of employees | 4,220 (2014) [1] |
| Subsidiaries | Busan–Ulsan Expressway Co., Ltd. |
| Website | www |
| Korea Expressway Corporation | |
| Hangul | |
|---|---|
| Hanja | |
| Revised Romanization | Hanguk Doro Gongsa |
| McCune–Reischauer | Han'guk Toro Kongsa |
Korea Expressway Corporation (Korean: 한국도로공사) is a South Korean corporation running the toll roads of South Korea.[2]
Timeline
- 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
References
- ^ "Korea Expressway Corporation Purpose & Mission". Korea Expressway Corporation. 2011. Archived from the original on 2012-08-01. Retrieved 2011-11-14.
- ^ "KEC Purpose & Mission". Korea Expressway Corporation. 2011. Archived from the original on 2012-08-01. Retrieved 2011-11-14.
- ^ "기록물 생산기관 변천정보 > 기관연혁 상세정보". theme.archives.go.kr (in Korean). Retrieved 2018-04-16.
External links
- Official website (in English)
- Former website