From Skyscrapers to Baseball Stadiums... S-1's 'Building Management' on the Rise

Managing 290 Buildings Nationwide... Establishing as a New Growth Engine
Launching Integrated Solution BlueScan in Line with the Surge of Smart Buildings

An S-1 employee is explaining to a customer the operating principle of the temperature and humidity sensor attached to the equipment.

IFC Mall, Kendall Gimpo Logistics, Sagewood Hongcheon, Nexen University, Changwon NC Park. These buildings serve various functions such as skyscrapers, logistics facilities, resorts, research facilities, and sports facilities. Their locations are scattered nationwide, from Seoul to Changwon. However, they share one thing in common: they are all managed by S-1.

Building management has become a key pillar of S-1's growth. With the increasing adoption of smart building management solutions incorporating Internet of Things (IoT) technology, the market is expected to continue expanding. According to S-1 on the 30th, the company manages 290 buildings nationwide, covering 14 million square meters. Last year, the building management sector generated nearly 600 billion KRW in revenue, maintaining a steady growth trend.

Since officially starting its building management business in 2014, S-1 launched its own brand called ‘Blue Asset’ and collaborated with shared office companies and platform providers. In particular, it is actively expanding the market through synergy with its security business. Its competitive edge lies in providing comprehensive facility management services responsible for access control, disinfection, security, parking, and equipment, as well as asset management services covering building sales and vacancy rate management.

The reason S-1 is focusing on building management is that the global ‘smart building’ market is growing. According to market research firm MarketsandMarkets, the global smart building market is expected to reach 108.9 billion USD by 2025. S-1’s own research also found that there are about 90,000 buildings in Seoul alone where smart building management can be implemented.

In response, S-1 recently launched ‘Blue Scan,’ a smart building management solution that combines sensor technology with building management expertise, and has begun targeting the market. Blue Scan is a solution that attaches IoT-based sensors to key building facilities to remotely detect abnormalities. When an issue occurs in the building, it is detected through sensors attached to key facilities. This can be monitored at the control center and customers are immediately notified for real-time response. Customers can remotely control heating, cooling, and lighting equipment through a dedicated app, enabling efficient building management. Additionally, Blue Scan reduces labor costs by replacing monitoring personnel with IoT sensors.

S-1 plans to continue expanding its smart building market presence through the launch of Blue Scan and sustain growth in its building management business. The company intends to expand the market beyond large buildings to universities, public institutions, and large apartment complexes. With reduced labor costs, it also plans to extend services to small and medium-sized buildings up to five stories. An S-1 representative stated, "We aim to achieve a dominant No. 1 position in the building management business through continuous market expansion."

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