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 the enhancement of management transparency, strengthening owner-manager accountability, elimination of cross-debt guarantees among chaebol affiliates, improvement of capital structures, and consolidation of core business areas. In his plans, debt to equity ratios were to be below 200%. Subsidiaries of chaebol that were debt-laden or on the verge of bankruptcy were instructed to be either liquidated, sold, or put up for merger. Each chaebol-holding group had to break up its subsidiaries and operations so that they were more manageable. By the end of 1997, each had an average of 26.8 subsidiaries. It was hoped that if there were fewer activities, the