South Korea
Otis Korea To Acquire Schindler’s Business in South Korea
Otis announced on October 17 subsidiary Otis Elevator Korea has reached an agreement to acquire Schindler Elevator Co. Ltd. in South Korea. Completion of the transaction is subject to merger...
Middle East’s Al-Futtaim Partners With Hyundai Elevators
Al-Futtaim Contracting, a division of Al-Futtaim Real Estate in the U.A.E., Saudi Arabia, Qatar and Egypt, on September 9 announced an exclusive partnership with South Korea's Hyundai Elevator to "deliver...
Hyundai Elevator Signs MOU for Auto Parking Lot Solution
Hyundai Wia and Hyundai Elevator recently signed a memorandum of understanding (MOU) to develop robot-friendly auto-valet parking solutions, The Korea Herald reports. The companies agreed to utilize Hyundai Wia’s parking...
Hyundai Elevator Signs MOU With Samsung C&T
Hyundai Elevator signed a memorandum of understanding (MOU) with Samsung C&T at its Modular Elevator R&D Lab in Seobuk-gu, Cheonan, Chungnam, South Korea, on May 16, the Korea It Times reports. The...
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...
Hyundai/Kia Delivery Robot Interfaces With Elevators and Door-Control Systems
Hyundai and Kia Robotics Lab have unveiled the DAL-e Delivery robot, geared toward indoor food/beverage and parcel delivery and set to debut in the second quarter of this year at...
Hyundai Elevator States Goals for China and Beyond
At a celebration marking the 30th anniversary of Hyundai Elevator's Chinese subsidiary in Shanghai on August 10, the South Korean company stated its goals for China, Saudi Arabia and Indonesia,...
South Korea Escalator Mishap That Injured 14 Investigated
Authorities are investigating a June 8 incident at the Sunae Station on the Bundang Line of the South Korea subway in which an escalator reversed direction, injuring 14 passengers, three...
Bear Robotics Rolls Out Elevator Delivery Robot
Bear Robotics, a Silicon Valley-based innovator of indoor service robots, has announced a strategic investment to fund its Korea-based partner, M2MTech, which specializes in Internet of Things (IoT) convergence for...
interlift 2023 Expects More Joint Participation
AFAG Messen, organizer of interlift 2023 on October 17-20 in Augsburg, Germany, expects more joint participation than in 2019, as well as several countries that will be represented in new...
