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Gyeongbu High Speed Railway
The Gyeongbu high-speed railway, also known as Gyeongbu HSR, is South Korea's first high-speed rail line from Seoul to Busan. KTX high-speed trains operate three sections of the line: on April 1, 2004, the first between a junction near Geumcheon-gu Office station, Seoul and a junction at Daejeonjochajang station north of Daejeon, and a second between a junction at Okcheon station, southeast of Daejeon, and a junction near Jicheon station, north of Daegu entered service; then on November 1, 2010, the third section, between a junction west of Daegu and Busan became operational. The missing gaps across the urban areas of Daejeon and Daegu were in construction for an expected opening in 2014, separate tracks into Seoul Station were also planned. The temporary ends of the three sections were connected to the parallel conventional Gyeongbu Line by tracks that will serve as interconnector branches upon the completion of the entire line. On August 1, 2015, construction on urban areas of ...
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High-speed Rail
High-speed rail (HSR) is a type of rail system that runs significantly faster than traditional rail, using an integrated system of specialised rolling stock and dedicated tracks. While there is no single standard that applies worldwide, lines built to handle speeds above or upgraded lines in excess of are widely considered to be high-speed. The first high-speed rail system, the Tōkaidō Shinkansen, began operations in Japan in 1964 and was widely known as the bullet train. High-speed trains mostly operate on standard gauge tracks of continuously welded rail on grade-separated rights of way with large radii. However, certain regions with wider legacy railways, including Russia and Uzbekistan, have sought to develop a high speed railway network in Russian gauge. There are no narrow gauge high-speed trains; the fastest is the Cape gauge Spirit of Queensland at . Many countries have developed, or are currently building, high-speed rail infrastructure to connect major citie ...
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Jicheon Station
Jicheon station is a railway station on the Gyeongbu Line The Gyeongbu Line (''Gyeongbuseon'') is a railway line in South Korea and is considered to be the most important and one of the oldest ones in the country. It was constructed in 1905, connecting Seoul with Busan via Suwon, Daejeon, and Daegu .... Railway stations in North Gyeongsang Province {{SouthKorea-railstation-stub ...
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Intercity-Express
The Intercity Express (commonly known as ICE ()) is a system of high-speed trains predominantly running in Germany. It also serves some destinations in Austria, Denmark (ceased in 2017 but planned to resume in 2022), France, Belgium, Switzerland and the Netherlands, mostly as part of cross border services. It is the highest service category of rail and the flagship train of the German state railway, Deutsche Bahn. There are currently 315 trainsets in use. ICE trains are the highest category (Class A) trains in the fare system of the Deutsche Bahn. Their fares are not calculated on a fixed per-kilometre table as with other trains, but instead have fixed prices for station-to-station connections, levied on the grounds that the ICE trains have a higher level of comfort. Travelling at speeds up to , they are tailored for business travellers or long-distance commuters and are marketed by Deutsche Bahn as an alternative to flights. Apart from domestic use, the trains can also be see ...
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Siemens
Siemens AG ( ) is a German multinational conglomerate corporation and the largest industrial manufacturing company in Europe headquartered in Munich with branch offices abroad. The principal divisions of the corporation are ''Industry'', ''Energy'', ''Healthcare'' (Siemens Healthineers), and ''Infrastructure & Cities'', which represent the main activities of the corporation. The corporation is a prominent maker of medical diagnostics equipment and its medical health-care division, which generates about 12 percent of the corporation's total sales, is its second-most profitable unit, after the industrial automation division. In this area, it is regarded as a pioneer and the company with the highest revenue in the world. The corporation is a component of the Euro Stoxx 50 stock market index. Siemens and its subsidiaries employ approximately 303,000 people worldwide and reported global revenue of around €62 billion in 2021 according to its earnings release. History 1847 to ...
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Alstom
Alstom SA is a French multinational rolling stock manufacturer operating worldwide in rail transport markets, active in the fields of passenger transportation, signalling, and locomotives, with products including the AGV, TGV, Eurostar, Avelia and New Pendolino high-speed trains, in addition to suburban, regional and metro trains, and Citadis trams. Alsthom (originally Als-Thom) was formed by a merger between Compagnie Française Thomson-Houston and the electric engineering division of Société Alsacienne de Constructions Mécaniques in 1928. Significant later acquisitions included the Constructions Electriques de France (1932), shipbuilder Chantiers de l'Atlantique (1976), and parts of ACEC (Belgium, late-1980s). A merger with parts of the General Electric Company (UK) formed GEC Alsthom in 1989. Throughout the 1990s, the company expanded its holdings in the rail sector, via the acquisition of German rolling stock manufacturer Linke-Hofmann-Busch and Italian rail signall ...
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South Korean Won
The Korean Republic won, unofficially the South Korean won ( Symbol: ₩; Code: KRW; Korean: 대한민국 원) is the official currency of South Korea. A single won is divided into 100 jeon, the monetary subunit. The jeon is no longer used for everyday transactions, and it appears only in foreign exchange rates. The currency is issued by the Bank of Korea, based in the capital city of Seoul. Etymology The old "won" was a cognate of the Chinese yuan and Japanese yen, which were both derived from the Spanish-American silver dollar. It is derived from the hanja (, ''won''), meaning "round", which describes the shape of the silver dollar. The won was subdivided into 100 ''jeon'' (), itself a cognate of the Chinese unit of weight mace and synonymous with money in general. The current won (1962 to present) is written in hangul only and does not officially have any hanja associated with it. First South Korean won History The Korean won, Chinese yuan and Japanese yen were ...
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Five-year Plans Of South Korea
The Five-Year Economic and Social Development Plans () were an economic development project of South Korea. Background Both North and South Korea had survived the Korean War (1950–53). From the end of World War II, South Korea remained largely dependent on U.S. aid until a military coup occurred in 1961. American economic aid failed in its goal of creating an industrial base in South Korea largely thanks to corruption. While the South Koreans did not starve and were able to keep up with national defense, most of the aid was misappropriated for private use. This created a small class of wealthy Koreans at the expense of the majority of the country, generating resentment. Despite this widespread corruption however, the Syngman Rhee administration had managed to use some U.S. aid to develop the country's education system, transportation infrastructure, and communications infrastructure. This investment resulted in the South Korean population being well educated by the time the Park ...
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KAIST
The Korea Advanced Institute of Science and Technology (KAIST) is a national research university located in Daedeok Innopolis, Daejeon, South Korea. KAIST was established by the Korean government in 1971 as the nation's first public, research-oriented science and engineering institution. KAIST is considered to be one of the most prestigious universities in the nation. KAIST has been internationally accredited in business education, and hosting the Secretariat of the Association of Asia-Pacific Business Schools (AAPBS). KAIST has 10,504 full-time students and 1,342 faculty researchers (as of Fall 2019 Semester) and had a total budget of US$765 million in 2013, of which US$459 million was from research contracts. In 2007, KAIST partnered with international institutions and adopted dual degree programs for its students. Its partner institutions include the Technical University of Denmark, Carnegie Mellon University, the Georgia Institute of Technology, the Technical University of ...
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International Bank For Reconstruction And Development
The International Bank for Reconstruction and Development (IBRD) is an international financial institution, established in 1944 and headquartered in Washington, D.C., United States, that is the lending arm of World Bank Group. The IBRD offers loans to middle-income developing countries. The IBRD is the first of five member institutions that compose the World Bank Group. The initial mission of the IBRD in 1944, was to finance the reconstruction of European nations devastated by World War II. The IBRD and its concessional lending arm, the International Development Association (IDA), are collectively known as the World Bank as they share the same leadership and staff. Following the reconstruction of Europe, the Bank's mandate expanded to advancing worldwide economic development and eradicating poverty. The IBRD provides commercial-grade or concessional financing to sovereign states to fund projects that seek to improve transportation and infrastructure, education, domestic polic ...
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SNCF
The Société nationale des chemins de fer français (; abbreviated as SNCF ; French for "National society of French railroads") is France's national state-owned railway company. Founded in 1938, it operates the country's national rail traffic along with Monaco, including the TGV, on France's high-speed rail network. Its functions include operation of railway services for passengers and freight (through its subsidiaries SNCF Voyageurs and Rail Logistics Europe), as well as maintenance and signalling of rail infrastructure (SNCF Réseau). The railway network consists of about of route, of which are high-speed lines and electrified. About 14,000 trains are operated daily. In 2010 the SNCF was ranked 22nd in France and 214th globally on the Fortune Global 500 list. It is the main business of the SNCF Group, which in 2020 had €30 billion of sales in 120 countries. The SNCF Group employs more than 275,000 employees in France and around the world. Since July 2013, the SNCF Grou ...
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Korail
The Korea Railroad Corporation (Korean: 한국철도공사, Hanja: ), branded as KORAIL (코레일, officially changed to in November 2019), is the national railway operator in South Korea. Currently, KORAIL is a public corporation, managed by Ministry of Land, Infrastructure and Transportation. KORAIL operates intercity/regional, commuter/metro and freight trains throughout South Korea, and has its headquarters in Daejeon. History Historically, the South Korean railway network was managed by the ''Railroad Administration Bureau'' of the Ministry of Transportation before 1963. On 1 September 1963, the bureau became an agency that was known as ''Korean National Railroad'' (KNR) in English. In the early 2000s, split and public corporatization of KNR was decided by the South Korean government, and in 2003, KNR adopted the current KORAIL logo in blue to prepare corporatization. On 1 January 2005, KNR was split into ''Korea Railroad Corporation'' (KORAIL), which succeeded ra ...
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Gyeongbu Expressway
The Gyeongbu Expressway ( ko, 경부고속도로; ''Gyeongbu Gosokdoro'') ( Asian Highway Network ) is the second oldest and most heavily travelled expressway in South Korea, connecting Seoul to Suwon, Daejeon, Gumi, Daegu, Gyeongju, Ulsan and Busan. It has the route number 1, signifying its role as South Korea's most important expressway. The entire length from Seoul to Busan is and the posted speed limit is , enforced primarily by speed cameras. History * February 1968 - Construction begins at the behest of South Korean President Park Chung-hee, who named Park Myung-keun in charge of construction. * 21 December 1968 - Seoul-Suwon segment opens to traffic. * 30 December 1968 - Suwon-Osan segment opens to traffic. * 29 September 1969 - Osan- Cheonan segment opens to traffic. * 10 December 1969 - Cheonan-Daejeon segment opens to traffic. * 19 December 1969 - Busan-Daegu (via Gyeongju) segment opens to traffic. * 7 July 1970 - The last segment, the mountainous Daejeon-Daegu se ...
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