May 02, 2024
Industrials
Daily traffic surges 17.4% in decade
[THE INVESTOR] South Korea's daily traffic volume increased 17.4 percent from 10 years ago as of last year, the Ministry of Land, Infrastructure and Transport said on April 18.
The data was collected by counting vehicles passing trhough select sections on highways and major roads.
The number of registered vehicles reached 21.80 million in 2016, from 20.99 million in 2015.
Price of gasoline, meanwhile, declined from 1,405 won (US$1.23) per liter in 2015 to 1,293 won the following year.
Passenger cars accounted for 72.1 percent of the entire traffic volume, followed by cargo vehicles at 25.1 percent. Busses counted for 2.7 percent.
By month, traffic was heaviest generally steady from April 10 to April 13 before peaking on April 14 and April 15.
The heaviest traffic was recorded between 5 and 6 p.m.
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