We achieved financial stability by securing our liquidity, increasing assets and other investment assets through acquiring shares of other subsidiaries under SM Group. In particular, our company has acquired SM Hiplus, which operates an electronic financing business in SM Group.
SM Hiplus was originally founded in July 2007 as a subsidiary of Korea Expressway Corporation to issue and
charge prepaid cards for highway toll payment and handle toll settlement tasks. It was acquired by TK Chemical of SM Group and privatized in June 2011. After the merger of Samla Network in May
After merging with Samla Network in May 2015, it manages global procurement and development of
new market to purchase raw and subsidiary material and manufacturing equipment for customers within SM Group. Starting February 2017, we successfully expanded the IT business by taking charge of IT solution development and maintenance for the SM Line.
Link to SM Hiplus website
charge prepaid cards for highway toll payment and handle toll settlement tasks. It was acquired by TK Chemical of SM Group and privatized in June 2011. After the merger of Samla Network in May
After merging with Samla Network in May 2015, it manages global procurement and development of
new market to purchase raw and subsidiary material and manufacturing equipment for customers within SM Group. Starting February 2017, we successfully expanded the IT business by taking charge of IT solution development and maintenance for the SM Line.
Link to SM Hiplus website