NICE Park is a dedicated parking brand covering everything from sales and
operations of parking management systems to development and acquisition of parking lots.
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Developments/Acquisitions
Construction of parking towers at private and
government-owned land, acquisition
of existing parking lots and operation rights,
BTO/BTL investment in parking lots -
Turnkey Management
Early investment in automated parking system
installations, turnkey management of
call centers, system errors, and settlements -
Operations
Operations of parking lots within facilities
(buildings, hospitals, universities)
and direct operations of parking lots
following rent of empty sites
NICE Park Business Model
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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 establishmentFor large development/acquisition projects, we establish a SPC with the investment consortium to operate the business and distribute dividends
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BTO
Build-Transfer-OperateAfter Building parking lots, We Transfer ownership to the original owner, and Operate the facility for a given period
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BTL
Build-Transfer-LeaseAfter Building parking lots, We Transfer ownership to the original owner, and Earn Lease for a given period
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02) Operations
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Reduce investment risks
Zero capital investment required from landowner
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Earn rent
Drive building asset value with additional rent
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Maximize flexibility
Utilize business sites and idle land for brief periods
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03) Turnkey Management
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Zero Management Burden
NICEPARK turnkey management for device management,emergency on-site check-ups, and response to customer complaints
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Zero Early Investment Risk
NICE Park takes on entirety of any early capital investments for installation of new devices
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Zero Operations Risk
Automated system allows for year-round, around-the-clock parking lot operations
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04) Sale/Rental of Parking Management Systems
NICE Park Key Competencies
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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
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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
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Total Operations Service
Customized one-stop total service for everything concerning parking lot operations, from investment and construction to operations
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Transparent Revenue Management
Revenue management system built to financial services industry standards offers transparency in revenue management and reporting
Key Clients
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Jongno Tower
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Lotte World Adventure Busan
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SRT (Suseo/Dongtan/Jije Stations)
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IKEA Gwangmyeong
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I-Park Mall (Yongsan/Gocheok)
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Sungkyunkwan Uniersity (Humanities/Science Campuses)
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NHIS Ilsan Hospital
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Hillstate at Misa Station,
Grand Passage -
Sindorim Techno Mart