Japan–Korea Undersea Tunnel at about ₩100 trillion (approx. US$90 billion), which would produce an extremely low benefit-to-cost result. In 2014, the South Korean Busan Development Institute estimated the undersea tunnel could create ₩54 trillion won (원54T, or US$53 billion) in economic benefits and provide about 45,000 jobs. In an April 2009 editorial, former Justice Ministers Daizō Nozawa of Japan and Kim Ki Chun of South Korea remarked on some of the similarities of the proposed Japan–Korea tunnel to the world's present longest undersea tunnel. The Channel Tunnel runs for 50.45 km linking the United Kingdom and France, and opened in May 1994: At
Channel Tunnel for a cross-Channel fixed link appeared as early as 1802, but British political and press pressure over the compromising of national security stalled attempts to construct a tunnel. An early attempt at building a Channel Tunnel was made in the late 19th century, on the English side, "in the hope of forcing the hand of the English Government". The eventual successful project, organised by Eurotunnel, began construction in 1988 and opened in 1994. At £5.5 billion (1985 prices), it was at the time the most expensive construction project ever proposed. The cost finally amounted to £9 billion ($21 billion), well