SMEs

IL Secures Exclusive Operating Rights for Special Sales Outlets at 42 HANPASS CO.,Ltd. Centers and Sales Offices Nationwide… Expands ITS Platform Business

- Exclusive operation of special sales counters at 42 HANPASS CO.,Ltd. centers and sales offices nationwide - Providing one-stop service ranging from device sales to customer support and after-sales service - Expanding the operating platform business… Securing a stable base of recurring revenue - ITS Accelerates Investment in Humanoids and Physical AI, Leveraging Its Cash Flow

KIM JI-WAN
2026-07-14 11:10:00
[Edaily Reporter KIM JI-WAN ] IL SCIENCE CO.,LTD.(307180)announced on the 14th that it has secured exclusive operating rights for Hi-Pass specialty stores located within 42 Hi-Pass centers and sales offices nationwide operated by HANPASS CO.,Ltd. and has begun full-scale operations.

(Source: IL)


By securing these operating rights, IL will provide integrated services covering the entire process—including HANPASS CO.,Ltd. terminal sales, customer consultations, usage guidance, registration support, and after-sales service (AS)—at Hi-Pass centers and sales offices nationwide. The company explained that this is significant because it has secured a nationwide operational platform that goes beyond simply supplying products.

Following its recent win of a 13.8 billion won contract for the replacement of aging Hi-Pass terminals, awarded by the Korea Expressway Corporation, IL has now secured exclusive operating rights for special sales centers nationwide, thereby establishing a business structure that encompasses both equipment supply and operational services. This move allows the company to move beyond a one-time supply model, secure ongoing customer touchpoints and an operational foundation, and further strengthen its ITS (Intelligent Transportation System) platform business.

HANPASS CO.,Ltd. is a leading ITS infrastructure that enables vehicles to automatically pay tolls without stopping, serving as a core system for enhancing traffic efficiency and user convenience on South Korea’s highways. Nationwide sales centers act as the closest points of contact for HANPASS users, serving as crucial operational hubs that provide terminal purchase and registration, customer support, and maintenance services.

In particular, the company explained that demand through these sales centers is expected to rise following HANPASS CO.,Ltd.’s recent decision to expand its Hi-Pass terminal purchase subsidy program to include drivers of compact cars and taxis. This expansion of the subsidy program is projected to have a positive impact not only on boosting Hi-Pass adoption but also on increasing the number of customers visiting the sales centers.

Through its merger with iTronics, IL has secured core technologies such as ITS, image recognition, vehicle-to-everything (V2X) communication, RF, and ASIC design. Building on the technical expertise and operational experience accumulated in HANPASS CO.,Ltd. lane control systems and traffic control and communications, the company continues to expand its competitiveness in the domestic smart transportation infrastructure market.

The company’s strategy is to use its ITS business—which serves as a stable cash flow source—as a foundation to continuously expand investments in future growth areas such as humanoid robots, physical AI operational data platforms, and next-generation batteries. Furthermore, the company expects that the field operational experience and data accumulated through nationwide traffic infrastructure operations will serve as a foundation for future expansion into next-generation mobility services, including smart cities, autonomous driving, and robot operation platforms.

An IL official stated, “Securing the exclusive operating rights for nationwide HANPASS CO.,Ltd. special sales outlets is significant not merely as an expansion of sales channels, but because it means we have secured a nationwide traffic infrastructure operations platform.” The official added, “Through a business structure that combines equipment supply and operational services, we will strengthen our stable base of recurring revenue and, building on this, continue to expand investments in future growth businesses such as humanoid robots, Physical AI, and next-generation batteries.”

The official continued, “IL is evolving into a future mobility platform company that simultaneously secures the stability of its existing ITS business and the growth potential of its new Physical AI business. Going forward, we plan to continue enhancing our corporate value by building a new industrial ecosystem that connects transportation infrastructure, AI, robotics, and next-generation mobility.”

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