Korea Expressway Corporation, founded in 1969 and headquartered in Seongnam, South Korea, operates with the purpose of developing and managing the national expressway network. The company plays a vital role in facilitating transportation and promoting economic growth by providing high-quality road services and infrastructure development. Key services include the construction, maintenance, and toll management of expressways, contributing significantly to South Korea's robust transportation framework.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Korea Expressway Corporation began issuing bonds in the early 2000s, establishing itself as a reliable choice for fixed-income investors in the national market. Noteworthy among these issuances was a 1 trillion KRW bond issued in 2019, aimed at financing infrastructure projects, which garnered considerable attention due to its competitive yields compared to the prevailing market rates. Currently, the corporation's bonds yield approximately 3.5%, aligning with industry standards and reflecting strong credit ratings. Recent news highlights the corporation's strategic focus on sustainable development, potentially affecting future bond offerings with green financing features.