South Korea
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,...
Wheelchair Lifts To Be Removed in Seoul, Elevators Coming
Seoul Metro, an operator of the city's subway service from Line Nos. 1 to 8, will remove 23 wheelchair lifts in 17 subway stations with a plan to install elevators...
Hyundai Elevator Developing Vertiport for UAM
Hyundai Elevator has announced it will start developing “Vertiport,” one of its key projects for the commercialization of urban air traffic (UAM), BusinessKorea reports. Vertiport is a takeoff and landing...
Architect’s Cheongdoam Tower Design Chosen in Competition
J. Mayer H. Architects has won the Seoul City Urban/Architecture Creation/Innovation Design Project contest for its “Cheongdoam Tower” design in Seoul, South Korea, Arch Daily reports. The design was chosen...
Hyundai Elevator Celebrates 40th Anniversary
Hyundai Elevator, South Korea’s largest elevator manufacturer, celebrated its 40th anniversary on May 22, The Korea Herald reports. The event was attended by more than 600 executives and employees, including...
USACE Hosts Event in Seoul To Present Updated Elevator Specs Incorporating Korean Code
The U.S. Army Corps of Engineers (USACE) on May 3 hosted Elevator Industry Day in Seoul to present updated elevator design specifications that incorporate South Korean code, opening the door...
