Hancom Mobility Secures 10 Billion KRW Investment from NH PE

Development of AI Prediction Service Using Investment Funds

[Asia Economy Reporter Jin-gyu Lee] Hancom Mobility, a subsidiary of Hancom MDS, announced on the 6th that it has secured an investment of 10 billion KRW from NH Investment & Securities PE Division (NH PE).

Hancom Mobility, acquired by Hancom Group in February last year, is the only Internet of Things (IoT) shared parking company in Korea. It operates the shared parking platform "Parking Friends," which detects real-time entry and exit of parking spaces through IoT sensors and provides accurate parking space information.

Through this investment, Hancom Mobility plans to develop AI prediction services that recommend parking fees, operating hours, and nearby attractions by integrating artificial intelligence (AI) and big data technologies. Additionally, it will pursue aggressive marketing to expand its user base.

Last year, Hancom Mobility was selected as an IoT shared parking company by the Seoul Metropolitan Government and is conducting shared parking projects in 14 Seoul districts, including Yeongdeungpo-gu, Guro-gu, Jung-gu, Songpa-gu, and Gangnam-gu. It has also signed business agreements with Jin-gu in Busan, Buk-gu in Gwangju, and Namyangju City to provide IoT shared parking services. Going forward, it plans to expand its service coverage to 31 local governments in Gyeonggi Province and six major metropolitan cities.

Choi Cheon-woo, CEO of Hancom Mobility, stated, "We will focus on further advancing our technology and attempting integration with various fields to establish a foundation for service expansion and user growth."

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