Hyundai Elevator Co., Ltd. Hyundai Elevator Co., Ltd. (017800.KS) manufactures, installs, maintains, and modernizes elevators, escalators, and moving walks primarily in South Korea and internationally. The company offers ultra-high-speed elevators under the THE EL name; high-speed elevators under the i-XEL name; low- and mid-speed elevators under the LUXEN, YZER, and N:EX names; as well as observation, freight, automobile, and marine elevators; escalators and moving walks; automated parking systems; and advanced remote maintenance systems including MIRI for predictive monitoring. Founded in 1984 and headquartered in Chungju-si, South Korea, it operates through global networks in over 68 countries, targeting commercial, residential, and infrastructure projects with a workforce of approximately 2,714 employees. Recent developments include a May 2025 memorandum of understanding with Samsung C&T to upgrade second-generation modular elevator technology for ultra-high-rise applications following its 2024 completion; and a September 2025 exclusive partnership with Al-Futtaim Contracting as sole distributor for elevators, escalators, and related solutions across Saudi Arabia to support urban infrastructure initiatives.