Humax Parking Unit Hits 200 Billion Won in Sales, Accelerates Mobility Infrastructure Push

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By Lee Jin-seok
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Humax achieves 200 billion KRW in parking revenue... "Mobility infrastructure growth engine now in full swing" - Seoul Economic Daily Technology News from South Korea
Humax achieves 200 billion KRW in parking revenue... "Mobility infrastructure growth engine now in full swing"

Humax announced on the 26th that it is generating tangible results from its mobility infrastructure business through its core subsidiary Humax Mobility. The company plans to build a stable revenue structure based on physical infrastructure including parking, charging, and fleet management, while expanding into customer-facing services to strengthen synergies across business units.

Humax Mobility's business structure is built on three infrastructure pillars—HiParking, Humax EV, and Car123 Jasper—with platform services including TruCar, TruTaxi, and TruDriver expanding on top of this foundation.

HiParking, the parking operations subsidiary, operates 290,000 parking spaces across approximately 1,400 locations nationwide and recorded sales of about 200 billion won last year, an 8.2% increase year-over-year.

The company has built its portfolio around key business districts in the Seoul metropolitan area, including Gangnam and Yeouido, supporting stable cash flow at the group level. It has strengthened operational automation and data-driven pricing and utilization optimization through its self-developed Mobility Hub Platform (MHP) and AI-based Parking Assistance System (Ai-PAS).

Humax EV, the electric vehicle charging subsidiary, operates more than 20,000 chargers including both standard and fast chargers. The unit maintained stable sales growth and achieved EBITDA profitability last year.

The location portfolio is primarily centered on multi-family housing such as apartment complexes. This strategy responds to rapidly increasing residential charging demand as EV adoption expands. Simultaneously, the company is expanding its portfolio to include various public and commercial locations including government facilities, prime office towers, logistics centers, and retail spaces. In Jeju, the company has demonstrated strong regional operational capabilities with a 25.9% market share. An integrated "parking and charging" hub strategy that combines existing parking infrastructure is also contributing to improved profitability.

Car123 Jasper, the fleet subsidiary, is a fleet infrastructure operator that owns, supplies, and manages vehicles directly. It supplies vehicles to corporations and mobility service providers while offering maintenance services through a network of approximately 1,350 locations nationwide. Through its fleet management solution AutoRide, the company manages vehicle location, status, and driving data in real time, providing integrated lifecycle management from vehicle procurement through operation, maintenance, and disposal. This serves as core infrastructure supporting the operational stability of the group's mobility services.

Peoplcar, a car-sharing platform operator, runs TruCar. TruCar operates an open structure that secures vehicles through partnerships with regional car rental operators nationwide, including Car123 Jasper.

Conatus handles the taxi and designated driver platform business. Through its franchise taxi brand TruTaxi, Conatus operates a franchise network of approximately 5,000 vehicles and is expanding its corporate-focused dispatch network. These services are connected to parking, charging, and fleet infrastructure, with the company noting increased infrastructure utilization in areas such as securing vehicle staging locations, charging and maintenance management, and driving data integration.

The approximately 1,400 parking locations, more than 20,000 charging units, fleet management system, and Conatus's franchise network and call manager-based dispatch system secured by Humax Mobility are evaluated as operational infrastructure that could be utilized in a future transition to robotaxi services.

"Humax Mobility is generating stable results across parking, charging, and fleet infrastructure, and has established a structure where customer-facing services naturally expand on this foundation," said Humax CEO Chung Chang-soo. "Even in the autonomous driving era, the key is the intelligence of spaces where vehicles stay, and we are preparing for this proactively."

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AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.