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Costs from Traffic Gridlock Hover Around 90 Trillion Won

Written: 2003-09-21 00:00:00Updated: 0000-00-00 00:00:00

Costs from traffic congestion from the five-year period 19-97 through 2001 have been estimated at almost 90 trillion won or some 81 billion U.S. dollars.

In a report submitted to the parliamentary committee on construction and transportation, the Ministry of Construction and Transportation put the cost from traffic congestion at around 88-point-four trillion won.

The figure in 19-97 declined to 12 trillion won in 1998 but has been rising ever since 2001 when it posted some 21 trillion won.

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