Hyundai Elevator

Hyundai Elevator Co., Ltd. (Korean: 현대엘리베이터 주식회사), a Hyundai Group subsidiary, is a South Korean company that manufactures elevators, escalators, moving walkways, and parking systems.

Based in Chungju, South Korea, Hyundai Elevator has six overseas subsidiaries in China, Vietnam, Indonesia, Malaysia, Turkey, and Brazil and agents in 49 countries.

[4] Hyundai and Schindler agreed for the latter to purchase a 20-percent stake in Hyundai's elevator arm to fight back against KCC in 2004, but the domestic regulation annulled the agreement.

[5] In 2019, Hyundai Elevator sold its primary facilities, including the main factory, dormitories, and headquarters, in Icheon to SK Hynix for ₩205 billion (2019) (US$175.91 million).

After the disposition, Hyundai relocated its headquarters to Chungju, North Chungcheong, in 2022.