South Korea
Hyundai Elevator Aspires Toward “Vision 2030” Goals
On the heels of celebrating its 40th anniversary in 2024 and relocating its headquarters to Chungju Smart Campus in 2022, South Korea-based Hyundai Elevator has its eye on becoming one...
Korea Report Shows VT Accidents Increasing For Senior Citizens
A report by the Korea Consumer Agency (KCA) shows the annual number of accidents involving senior citizens on automated transportation, including vertical transportation (VT), has been increasing since 2020, The Korea...
Hyundai Elevator Offers Free Inspections for 10-Plus-Year-Old Elevators in Korea
Hyundai Elevator recently announced it will provide free services to elevators more than 10 years old installed in Korea regardless of manufacturer, Maeil Business Newspaper reports. Hyundai Elevator will mobilize high-tech inspection...
TKE Korea Again Named to Top of Korea Quality Index
TK Elevator (TKE) Korea has been named to the "2024 Korea Quality Satisfaction Index (KS-QEI)” and has been ranked No. 1 in the elevator category for three consecutive years, Maeil Business...
Otis Korea Completes Two Major Modernizations in Seoul
Otis Elevator Korea announced on October 7 it completed two major elevator modernizations in Seoul, South Korea: The 45-story Gangnam Financial Center (GFC) and the 30-story Seoul Finance Center, both...
Hyundai Elevator Turns Away from Chinese Escalator Imports
With K-Escalator, its new joint venture (JV) with small and medium-sized enterprises (SMEs), opening in September in Gyeonggi Province, South Korea's Hyundai Elevator is reducing its reliance on escalators and...
Plan to Expand and Diversify Seoul Bank Part of Larger Trend
Woori Bank's plan to transform its circa 1950 Euljiro branch in Seoul, South Korea, which closed in July, from a five-story mid-rise into a 19-story high-rise with seven underground levels...
GS E&C in Talks to Sell Stake in GS Elevator
GS E&C is considering unloading control of some of its subsidiaries following its KRW388 billion (US$287 million) operating loss in 2023 — its first annual operating loss in 10 years...
Hyundai Elevator, Kakao Mobility Join Forces on Elevator-Robot Integration Initiative
South Korea's Hyundai Elevator Co. announced it has signed a Memorandum of Understanding (MoU) with Kakao Mobility Corp. to develop standards for integrating elevators and robots, outlets including The Korea...
TKE Korea Wins Red Dot Award for Elevator Cleaning Concept
TK Elevator (TKE) Korea won a prestigious Red Dot Design Award 2024 in the Autonomous category for its "Intelligent Elevator Cleaning System" concept, TKE announced on July 23. Utilizing AI,...
