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
2008 Channel Tunnel fire tunnel at Folkestone at 00:08 BST and a limited service provided with trains travelling in turn in alternating directions in the one tunnel. By the end of September, two thirds of the north tunnel had reopened. Full service resumed in February 2009 after repairs costing €60 million. This fire was the third to close the tunnel since it opened in 1994, the first being the 1996 Channel Tunnel fire and, in August 2006, the tunnel was closed for several hours after fire broke out on a truck loaded onto a HGV Shuttle. The fire was reported on 11 September 2008,