Korea Expressway Corporation

Former logo (1989~2007)

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

^ "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.