ParkingCloud, NHN, and Others Secure 100 Billion KRW Investment... "Will Continue R&D Investment"

Establishing R&D Center to Recruit Development Talent
Developing Standardized Platform for Public Sector
Investing in Infrastructure Securing such as Electric Vehicle Charging

[Asia Economy Reporter Kim Bo-kyung] Parking Cloud, the operator of the parking control platform iParking, announced on the 9th that it has secured an investment of 100 billion KRW from SK E&S and NHN.

Parking Cloud plans to use the investment to establish a research and development (R&D) center in Guro Digital Complex for advancing cloud computing and Internet of Things (IoT) technologies applied to iParking parking lots, and to recruit a large number of development talents.

Based on advanced artificial intelligence (AI) parking control technology in the public sector, the company aims to develop a standardized platform and increase added value by linking various service partnerships such as charging, car washing, valet, maintenance, and logistics, as well as easy payment systems for private parking lots.

Additionally, it will focus on securing infrastructure for mobility energy solution businesses, including electric vehicle charging projects. The company plans to expand beyond the first-generation parking lots, which were limited to simple parking and stopping, to second-generation parking lot businesses that serve as mobility hubs.

Since introducing AI parking control in 2015, Parking Cloud has established iParking zones in 4,800 locations nationwide, including supertall buildings such as the 123-story Lotte World Tower and the 101-story Haeundae LCT, as well as Emart, Homeplus, Starbucks, Yeouido IFC, and Yeongdeungpo Times Square.

A representative from Parking Cloud stated, "Just as all mobility in the world gathers at parking lots, we will continue to invest in the R&D sector so that global talents can work together at iParking."

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