Hyundai Elevator Signs MOU for Modular Technology

Hyundai Elevator has signed a memorandum of understanding (MOU) with GS Engineering & Construction (GS E&C) to jointly develop modular elevator technology for next-generation housing projects, the Korea IT Times reports. The partnership focuses on advancing technologies to support the expansion of modular apartment construction, and the two companies plan to develop elevators specifically designed for modular housing. Their collaboration will extend to areas including integrating modular construction methods with elevator systems, strengthening joint R&D and applying detachable formwork structures. The jointly developed modular elevator technology will first be deployed at GS E&C’s Siheung Geomo A-1BL project site. This 14-story steel modular apartment complex — the tallest of its kind in Korea — will serve as a pilot case before expanding the application of the technology to other projects.