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International Road Equipment Co., Ltd. (IRE) operates parking systems for municipalities, universities and hospitals in Korea. The company also supplies and services a complete range of on-street and off-street parking control equipment. Since its formation 30 years ago by Chairman Do Hyun Park as the country's first operator of paid parking systems, IRE introduced many technologies to Korea that are now accepted as nationwide standards. IRE has been affiliated with WorldWide Parking Inc. since 1995