NICE Park Business Model

• 01) Developments/Acquisitions

  - We either purchase or enter into long-term rents of parking towers, parking sites, parking lots, and empty sites.
  - We develop idle airports and other government-owned land as parking lots.
  - We engage in investment activity to develop both private and government-owned land as parking lots, and then either renting out the facilities or operating these facilities directly.

  • Consortium organization/
    SPC establishment

    For large development/acquisition projects, we establish a SPC with the investment consortium to operate the business and distribute dividends

  • BTO

    Build-Transfer-Operate

    After Building parking lots, We Transfer ownership to the original owner, and Operate the facility for a given period

  • BTL

    Build-Transfer-Lease

    After Building parking lots, We Transfer ownership to the original owner, and Earn Lease for a given period

• 02) Operations

  • Reduce investment risks

    Zero capital investment required from landowner

  • Earn rent

    Drive building asset value with additional rent

  • Maximize flexibility

    Utilize business sites and idle land for brief periods

  

• 03) Turnkey Management

  • Zero Management Burden

    NICEPARK turnkey management for device management,emergency on-site check-ups, and response to customer complaints

  • Zero Early Investment Risk

    NICE Park takes on entirety of any early capital investments for installation of new devices

  • Zero Operations Risk

    Automated system allows for year-round, around-the-clock parking lot operations

  

• 04) Sale/Rental of Parking Management Systems

  

NICE Park Key Competencies

• 24-Hour Customer Call Center

  A dedicated 24-hour call center is capable of remote control of client parking lots and catering to questions and complaints, offering top-class customer service

• Korea’s Largest Field Support Team

  Korea’s largest field support team spread out across 28 offices across the country offers rapid response to system errors

• Total Operations Service

  Customized one-stop total service for everything concerning parking lot operations, from investment and construction to operations

• Transparent Revenue Management

  Revenue management system built to financial services industry standards offers transparency in revenue management and reporting

Key Clients