Establishment of a 'KakaoT'-Based Smart Parking Lot at COEX

Future Application of LTE-Based Indoor Navigation Technology

[Asia Economy Reporter Jin-gyu Lee] Kakao Mobility announced on the 22nd that it has signed a business agreement with WTC Seoul for the operation of parking lots within the COEX complex (Trade Center).

The two companies plan to build a smart parking lot based on 'KakaoT Parking' to enhance customer convenience and cooperate to help the Trade Center become a smart mobility hub in downtown Seoul.

The Trade Center is a representative landmark in Korea visited by 40 million people annually, boasting one of the largest parking facilities among domestic buildings. Kakao Mobility plans to maximize user convenience by partnering with WTC Seoul, a company specializing in asset and facility management of the Trade Center, to provide all processes from guidance to the COEX parking lot to fee settlement and entry/exit through the KakaoT app.

With the introduction of the new parking system, users can check the predicted full capacity information at the time of arrival through the KakaoT app before departure, and if the COEX parking lot is full, they will be guided to nearby alternative parking lots. During entry and exit, users will also receive recommendations for less congested entrances and exits, reducing waiting time at parking lot gates.

Parking fee discounts and settlements will also become more convenient. Without needing to visit a parking fee kiosk, users can prepay fees within the KakaoT app and exit without stopping. They can also receive parking fee discounts within the app by scanning receipt barcodes or using QR codes, and check the remaining parking fees to be paid.

Kakao Mobility plans to apply LTE-based indoor navigation technology in the future. Based on LTE signals, even inside underground parking lots where GPS signals do not reach, users will be able to receive directions via Kakao Navi to find the parking space closest to their final destination such as cinemas or aquariums.

Ryu Geung-seon, CEO of Kakao Mobility, said, "The operation capabilities of the COEX parking lot, a representative domestic landmark, and KakaoT Parking have come together to lay the foundation for building a smart mobility hub."

This content was produced with the assistance of AI translation services.