Image celebrating ParkOps’ GS Certification Level 1 | Image provided by VEStellaLab
VEStellaLab (CEO Sangsu Jung), the provider of the real-time parking navigation system ‘Watchmile,’ recently announced that its real-time integrated parking control system ‘ParkOps’ has earned GS Certification Level 1 from the Telecommunications Technology Association (TTA). The GS Certification is a national system that verifies the quality of software products based on international standards to ensure reliability for consumers and businesses.
ParkOps received the highest grade—Level 1—after excelling in nine evaluation categories: functional suitability, performance efficiency, compatibility, and security.
ParkOps is a real-time control system that manages parking data in one integrated platform. An AI model based on LLM (Large Language Model) can accurately analyze parking occupancy using only pre-installed security CCTV footage. The LLM generates large prompts, allowing the AI to self-improve its vehicle recognition accuracy. Regardless of size, it identifies various vehicle types and accurately detects vehicles irrespective of their angle in the footage.
This AI-driven system resolves the inaccuracies of traditional parking guidance systems in recognizing parking occupancy. The AI-generated results are provided in real-time, enabling managers to control multiple parking lots through a single platform.
With the GS Certification, ParkOps qualifies for priority procurement by public institutions and benefits from several institutional advantages, such as contracts through the Public Procurement Service and registration with the Korean government’s procurement system.
Sangsu Jung, CEO of VEStellaLab, stated, “The GS Certification Level 1 recognition reaffirms VEStellaLab’s technological strength.” He added, “We aim to become a global leader in the autonomous parking market by continuously investing in research and development to enhance product competitiveness. We aim to make parking faster and more convenient for users while promoting a pleasant environment in parking lots, contributing to ESG practices.”
Pangyo Techno Valley is a global integrated R&D hub focused on IT, BT, CT, and NT, integrating Research (R), People (P), Information (I), and Trade (T). As Gyeonggi-do’s representative innovation cluster, Pangyo Techno Valley was established to secure national new growth drivers such as technological innovation, human resource development, job creation, and enhancing international business competitiveness. As of 2023, 1,666 companies employ 78,751 people, and it has positioned itself as the most innovative hub in South Korea, with sales amounting to 167.7 trillion KRW (125.5 billion USD).
Furthermore, the Techno Valley Innovation Division of the Gyeonggi-do Business & Science Accelerator (GBSA) holds monthly events such as the Pangyo Evening Meet-Up, Pan-Pan Day, and the Pangyo Startup Investment Exchange “In-Best Pangyo” to maximize the value of Pangyo Techno Valley. They also support the Pangyo Overseas Promotion Program to publicize information about Pangyo’s companies, products, and services to domestic and foreign investors and the media, thereby facilitating foreign investment.
