South Korea
Hyundai Elevator Announces Elevator Design Contest Winners
Hyundai Elevator, South Korea’s largest elevator manufacturer, on November 30 announced the six winners of its elevator design contest, The Korea Herald reports. A total of 347 individuals and teams...
Austria’s Ascendor Lifttechnik Reports Record Year
Ascendor Lifttechnik, headquartered in Niederwaldkirchin in Upper Austria, expects a new sales record of EUR12 million (US$12.4 million) for the 2022 financial year thanks to a successful new product and...
Hyundai Elevator Signs Agreement to Improve Safety
LG Uplus Corp., a major wireless carrier, and Hyundai Elevator Co., South Korea’s No. 1 lift manufacturer, recently announced that they will distribute safety devices that make use of Internet...
Inovance Technology Korea Moves HQ to Seoul
Inovance Technology Korea (ITK) moved its South Korea headquarters (HQ) to a new office in Seoul to pave the way for growth, the automation technology provider announced recently. The new...
Hyundai Elevator Reports First Quarterly Loss Since 1996
Hyundai Elevator Co., South Korea’s No. 1 elevator producer, announced in August a quarterly operating loss for the first time since it was listed on the main bourse Korea Composite...
Hyundai Elevator Launches “Smart Elevator Idea Contest”
Hyundai Elevator announced on August 23 that it will hold an elevator idea contest, “Think Outside The Box,” in Korea, China, Indonesia, Vietnam, Malaysia and Türkiye. The competition, promoted by...
Hyundai Elevator Announces Global Plan During Celebration
Hyundai Elevator, a subsidiary of Hyundai Group, is aiming to join the world's top five elevator manufacturers, generating KRW5 trillion (won) (US$3.8 billion) in annual revenue by 2030, the company...
2022 Skyscraper Competition Winners Announced
eVolo Magazine recently announced the winners of its global 2022 Skyscraper Competition. The jury selected three winners and 20 honorable mentions out of 427 project nominations. First place was awarded...
Parts Delay Puts U.S. Army Base Lift Repairs on Hold
A dozen elevators at Camp Humphreys, South Korea, are waiting for parts, Stars and Stripes reported on June 22. The 351 elevators at the base must conform to U.S. safety...
Hyundai Introduces Service Robot Elevator in South Korea
Hyundai Movex Co., a logistics system affiliate under Hyundai Group, introduced Roboport, the world’s first elevator dedicated to service robots, at Naver Corp.’s new office building in South Korea, The...
