Hyundai Elevator Executives Buy KRW1 Billion in Treasury Shares

All executives at Hyundai Elevator, headquartered in Chungju, South Korea, are buying treasury shares to strengthen responsible management, outlets including Maeil Business report. Shares purchased by the approximately 30 executives total KRW1 billion (US$668,395). The share purchases are also intended to restore market trust and protect shareholder interests. "The purchase of treasury shares by all executives…demonstrates, through action, our confidence in the company's mid- to long-term growth and corporate value," the company stated. To prepare for Smart City construction, Hyundai Elevator has rolled out a range of innovative technologies, including ENOBLOC, the world's first commercialized modular elevator installation system for high-rise buildings, delivery robot-elevator integration technology and H-PORT, a vertiport serving as key infrastructure for Urban Air Mobility, a government-backed "flying taxi" service being developed.