Parity, a company specializing in liquid hydrogen, recently secured 6 billion won in new investments from IBK Industrial Bank, SJ Investment Partners, and InterValue Partners for its Series A funding round. This investment is part of a larger effort to attract 13 billion won to support the company's growth and innovation. The Ministry of Trade, Industry, and Energy's regulatory sandbox-only fund, aimed at fostering technological innovation in high-tech fields, selected Parity as a key investment target. The company's focus includes the development of core technology for liquefied hydrogen locomotives, with ongoing research projects supervised by the Korea Railroad Research Institute. Additionally, plans are in place for combination tests to ensure stable hydrogen supply and control for a 400 kilowatt-class high-power hydrogen fuel cell. Parity aims to accelerate its work in liquid hydrogen mobility, expand production facilities for aviation, land, and sea applications, and venture into liquid hydrogen infrastructure and cryogenic devices. The investment is expected to drive advancements in hydrogen technology and support Parity's strategic growth objectives.