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General Research

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RESEARCH

Development of business models to stimulate the economy using road facilities
  • Date

    December 31 2015

  • Page(s)

    page(s)

#Creative economy #economic innovation #road policy #road junction #ICT #industrial complex construct
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Construction and efficient utilization of the road network has been the most important road policy of the Korean government during the period of rapid development of the domestic economy. Currently the major road network is almost complete and a new road policy has been established to meet the needs of road users. Under the circumstances, viable concrete action plans are needed to achieve major goals of the new road policy such as enhancement of road traffic safety, promotion of public welfare, and support for the economic activation.
Three action plans are proposed in this research. The first action plan is to apply road traffic accident data collected by car insurance companies to the enhancement of road traffic safety. A smart-phone application to collect accident data, including spot information, and a conceptual design of the accident data management system are proposed. The second action plan is to regenerate suburban industrial complexes by improving road facilities in those areas. A revision of the current laws regarding construction of roads for industrial complexes is proposed. The third action plan is to rebuild service stations with local products and local specialty markets on national roads. A financing plan, including government funding and private participation, is proposed. It is hoped that the proposed action plans in the research will be applied therefore contributing to achieve the visions of the road policy.
KOR

KOREA TRANSPORT INSTITUTE