Free Idea Co., Ltd.

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Free Idea Co., Ltd. - overview

Established

2022

Location

Jeju, Jejudo, South Korea

Primary Industry

Business Support Services

About

Based in South Korea, Free Idea Co. , Ltd. , operates as a provider of certified vegan hotel amenities and sustainability management solutions for hotels. Based in Jeju, South Korea and founded in 2022, Free Idea Co.


, Ltd. offers sustainable solutions for the hospitality industry. The company focuses on providing certified vegan hotel amenities and innovative sustainability management systems. Since its establishment, Free Idea has aimed to enhance operational efficiency in hotels while promoting eco-friendly practices.


Free Idea specializes in providing innovative solutions for the hospitality industry, focusing on carbon-neutral and sustainable practices. Their core offerings include a smart amenity management system designed to enhance operational efficiency by improving resource management and reducing environmental impact. The system integrates Internet of Things (IoT) technology to optimize the usage of amenities and facilitate effective customer relationship management (CRM). Free Idea also develops vegan and biodegradable cosmetic products, aimed at reducing plastic consumption and ensuring sustainability in hotel operations.


The company's main clients are hotels and other hospitality businesses in major markets across South Korea and internationally, with product offerings tailored to meet the specific demands of environmentally conscious establishments. Free Idea generates revenue primarily through subscriptions and partnerships with hospitality operators who adopt their smart IoT solutions and amenity management systems. The company's pricing structure is customized based on the client’s specific needs and the scale of implementation, which can include a fixed monthly fee for access to their services, along with ancillary charges for additional features or products such as their vegan amenity line. This model allows Free Idea to establish long-term relationships with hotel clients, ensuring recurring revenue through ongoing service contracts.


Flagship products encompass their smart dispensers and sustainable amenity kits, which effectively streamline hotel operations while promoting eco-friendly practices. The company plans to expand its product offerings and enhance its sustainability initiatives. Current initiatives include developing new vegan amenity lines and improving its smart amenity management system to further support hotels in achieving their sustainability goals.


Primary Industry

Business Support Services

Sub Industries

Business Support Services, Beauty & Hygiene, Hospitality Services, Software

Website

www.freeidea.co.kr/

Verticals

Artificial Intelligence, Clean Technology, IoT (Internet of Things), Manufacturing

Total Amount Raised

Subscriber access only

Free Idea Co., Ltd. - financials

Fiscal Year EndedDec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025
Revenue (USD)212,000,000---
% Revenue Growth (YoY)----
EBITDA (USD)----
Operating Income (USD)21,000,000---
Operating Margin9.9%---
% EBITDA Margin----
NET Income (USD)22,000,000---
% Net Margin10.4%---
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