Parking Made Easy at Samsung-dong 'Mat-ui Geori'... KITA Parking Lot Charges 5,000 Won for 6 Hours

[Seoul District News] Gangnam-gu Signs Agreement with WTC Seoul, Subsidiary of Trade Association Facility Management, to Open Trade Association Parking Lot from the 15th with Up to 6 Hours Flat 5,000 Won Discount for Samsung-dong 'Mat-ui Geori' Visitors & Overtime Charged at Regular Rate (1,500 Won per 15 Minutes) ... Dongjak-gu Expands Shared Parking by 150 Spaces Using IoT Technology

Entrance to the COEX Seomun Annex Parking Lot

[Asia Economy Reporter Jong-il Park] Gangnam-gu (District Mayor Seongmyeong Jo) signed a business agreement on the 7th with WTC Seoul, a facility management subsidiary of the Korea International Trade Association (KITA) in Samseong-dong, to open the trade association parking lot. Starting from the 15th, visitors to Samseong-dong’s “Mat-ui Geori” (Taste Street) will be charged a flat parking fee discounted by 5,000 KRW for up to 6 hours, aiming to revitalize the local economy.

This parking lot opening agreement plans to simultaneously resolve the economic difficulties of local businesses, which have been severely impacted by COVID-19, and the parking difficulties faced by residents.

First, noting that the trade association’s parking lot is crowded with office workers during the day but empty at night, a nighttime discount will be applied to visitors of the “Mat-ui Geori” businesses in Samseong-dong, which see many customers in the evening.

The open parking lot is the COEX West Gate attached parking lot, which can accommodate about 500 vehicles. The parking lot operating hours are from 6:30 PM to 9:00 AM the next day (including holidays), and it operates with a discounted fixed-rate ticket, allowing use for 6 hours at 5,000 KRW.

Considering that the regular parking fee here is 6,000 KRW per hour, this is a significantly cheaper option. However, any parking time exceeding the limit will be charged the regular fee (1,500 KRW per 15 minutes). The parking discount is being piloted at about 20 businesses operated by members of the Samseong-dong “Mat-ui Geori” Merchant Association and will be gradually expanded in the future.

Additionally, the district secured 30 resident-priority parking spaces on the rooftop parking lot of the Korea International Trade Association to provide to residents living nearby. After a user recruitment process in November, it will be available from December.

Gangnam District Mayor Seongmyeong Jo stated, “Opening and sharing parking lots considering users by time slots is an effective way to solve urban parking difficulties,” adding, “Taking this business agreement as an opportunity, we plan to secure nighttime idle parking spaces mainly around the buildings concentrated on Teheran-ro, where office facilities are dense.”

Dongjak-gu (District Mayor Ilha Park) announced on the 3rd that it will expand 150 IoT-based shared parking spaces in resident-priority parking zones to efficiently use vacant parking lots.

The installation sites include ▲around Dongjak-gu Office building ▲in front of Kkachi Children’s Park in Sadang-dong ▲in front of commercial buildings at 13 Sangdo-ro 53-gil ▲and Shindaebang Ttukbang-gil, areas with high parking demand.

IoT shared parking is a system where the assigned user of a resident-priority parking space shares the parking spot with others during times when they are not using it.

Through the ‘Parking Friends’ app, the assigned user participates in the shared parking project, and users can reserve and pay via the app to use the parking lot.

The service also provides navigation guidance linked with navigation apps to the parking lot.

The parking fee is 1,200 KRW per hour, with an additional 600 KRW per 30 minutes, and under the quota system, 40% of the revenue is paid to the assigned user who shared the parking space.

So far, 281 IoT shared parking spaces have been established, with an average monthly usage of 1,200 cases, and usage performance is increasing every year.

Furthermore, the district is promoting various projects to spread the shared parking culture, including ▲a shared parking video contest and ▲providing incentives to those who share parking spaces.

Dongjak District Mayor Ilha Park said, “We will continue to expand shared parking lots for the efficient use of parking spaces,” and “We ask for the active participation of resident-priority parking space assignees to spread the shared parking culture.”

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