Transport in South Korea roads and various classifications below the national level. Almost all freeways are toll highways and most of the expressways are built, maintained and operated by Korea Expressway Corporation (KEC). The freeway network serves most parts of South Korea. Tolls are collected using an electronic toll collection system. KEC also operates service amenities (dining and service facilities) en route. There are also several privately financed toll roads. Nonsan-Cheonan Expressway, Daegu-Busan Expressway, Incheon International Airport Expressway, Seoul-Chuncheon Expressway and parts of the Seoul Ring Expressway are wholly privately funded and operated BOT concessions. Donghae Expressway was built in cooperation between KEC and
Chaebol high-ranking politicians so that it could secure contracts for large government projects over its competitors. Hanbo went bankrupt in the 1997 after defaulting on debt payments along with other governance issues. Numerous chaebol companies had similar private agreements with the government in this fashion. It would be most common in companies dealing with heavy industries or projects that involved government procurement and urban planning. In the past, most successful political elections were won with the support of the chaebol. Each time a new administration or regime stepped in, it would gear its policy platform towards chaebol revitalization. This was under