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 networkSee also
* Expressways in South KoreaReferences
External links