Hyundai Elevator Co. Ltd. (or HELCO[1], Korean: 현대 엘리베이터) is a South Korean elevator manufacturer, a division of Hyundai Group which manufactures elevators, escalators, moving walkways, vehicle parking systems and also platform screen doors. It is the largest elevator and escalator manufacturer in South Korea in terms of sales, profit and market share.


Hyundai Elevator was established in May 23, 1984 under a joint venture with Westinghouse Elevator of the United States. During this time, Hyundai made elevators under license from Westinghouse. In 1989, the joint venture between Hyundai and Westinghouse was terminated as Westinghouse was acquired by Schindler. In 1993, Hyundai expanded its business outside its homeland South Korea by establishing a joint venture in Shanghai, China (known as Shanghai Hyundai). Hyundai created South Korea's first ever machine room less elevator, the YZER (initially Space Saver) in 1999.


The head office and main factory of the company is located on 2091, Gyeongchung-daero, Bubal-eup, Icheon city, Gyeonggi-do, South Korea. A global sales division is located in Seoul.

Hyundai Asan Tower, the company's elevator test tower is located on the same location as the head office and factory, in Icheon City, Gyeonggi-do. It was completed on April 15, 2009.

Outside South Korea, Hyundai has a factory in Shanghai, China which is operated by Shanghai Hyundai Elevator Co. Ltd., one of Hyundai Elevator's subsidiaries.


As of 2020, there are six subsidiaries belongs to Hyundai Elevator, they are:

Company Based in Notes
Shanghai Hyundai Elevator Co., Ltd. Shanghai, China Established in 1993
Hyundai Thanh Cong Elevator Vietnam Co. Ltd. (HETCV) Hanoi, Vietnam
Hyundai Elevator Malaysia Sdn. Bhd. (HEM) Kuala Lumpur, Malaysia
PT. Hyundai Elevator Indonesia (HELIN) Jakarta, Indonesia Established in 2013.
Hyundai Elevator Asansör ve Servis Sanayi ve Ticaret Anonim Şirketi Istanbul, Turkey
Hyundai Elevadores São Paulo, Brazil

List of products


Elevators (traction, since mid 2000s)

Model Notes
STVF Geared elevator for low to mid rise buildings.
Launched in 1998 as a successor of WC-VF.
LUXEN Premium gearless elevator for low to mid rise buildings.
Launched in 2006.
YZER Machine room less elevator for low to mid rise buildings.
Launched in 1999.
i-XEL High speed gearless elevator for high rise buildings.
Known by its codename WBHS (formerly HSVF)
The EL 1080 Super high speed gearless elevator for supertall buildings.
The EL Duo Double deck version of The EL 1080.
H300 Gearless high rise elevators.
Innover Gearless elevator, manufactured by Hyundai Elevator China.

Escalators and moving walks

Model Notes
World Class Escalators for commercial applications.
Millennium Escalators for commercial applications.
H-Series Heavy duty escalators.
S-Series Escalators for commercial applications.
Not to be confused with Mitsubishi Series S.
Modular Escalators for public transit facilities.
Moving walkways Horizontal or inclined configuration.


  • HELIAS: Hyundai's destination dispatch system.
  • Jump Elevator: Self-climbing elevator, for faster elevator installation during building construction. Similar to Kone's JumpLift, Otis's SkyBuild and Schindler's CLIMB Lift.


Elevators (1980s)

  • AC traction:
    • VAC: AC traction passenger elevator model made from 1984 to 1995. Succeeded by the 60VF and WC-VF series.
    • VVSR: High speed elevator model made from 1986 to 1995.
  • DC traction:
    • ERL
    • MPM
    • TII-GL
    • TIV-GL
    • TIV-VF

Elevators (1990s to early 2000s)

  • 60VF: VVVF traction elevator made from 1992 to 2001.
  • WC-VF: VVVF traction elevator made from 1995 until the end of 2001.
  • BAX-VF: VVVF traction elevator made from 1993 to 1996.
  • FI-VF/FI-VF2/3/4
  • FI-3GL and FI-4GL
  • FI-T&S: High-rise elevator made from 2003 to 2012. Also known as "Time & Space". Succeeded by i-XEL and The EL series.
  • HVF
  • HVF-GL

Hydraulic elevators

  • HYD
  • WC-HYD
  • EV-100

Elevator fixtures

Main article: List of Hyundai elevator fixtures

Notable elevator installations

Main article: List of notable Hyundai elevator installations

Overseas sole agents/distributors


Company Country Notes
Abans Engineering (Pvt.) Ltd. Sri Lanka
Al-Arjoon Co. Iraq
Arabian Elevators & Engineering Co. Ltd. United Arab Emirates
AS Texnika Azerbaijan
Ascensores Internacionales Cia., Ltda. Ecuador
Bin Ham North Ocean Elevators LLC United Arab Emirates
BEMCO Jordan
Bseiso Engineering Materials Corp. Jordan
C&C Elevators Ltda. Chile
Chevalier (Hong Kong) Ltd. Hong Kong, China
CNS Automation Inc. United States
Cozy Life Elemecanico, C.A. Venezuela
Daltechimport Corporation Co., Ltd. (Vladi) Russia Serves Vladivostok
Deal General Trading & Contracting Co. Kuwait
Edgeworks Ltd. Bangladesh
PT. Eka Perkasa Rekabuana Indonesia Serves Medan, North Sumatra only(?)
Eleva S.A. Dominican Republic
Elevaciones Téchnicas S.A. (Elevatec) Costa Rica
El Salvador
Elevatec Panama S.A. Panama
ESCCO Saudi Arabia
Eurolift Ltd. Ukraine
G Gear Cambodia
H.E.M Global Mongolia
Hayes Elevators BC Canada
HD Electric and Elevator LLC Uzbekistan
HD Global (HK) Engineering Service Ltd. Hong Kong, China
HYCO Industrial Sales Philippines
Ideal Ascenseur Tunisia
Inelec S.A. Paraguay
Infinity Engineering PLC Ethiopia
Insertech Mexico
Integral International Ltd. Myanmar
International Engineering & Trade Group (IETG) Egypt
Islamabad Industrial & Trading Corp. (IITC) Pakistan
Kinetic Escalator & Elevator Ltd. India
Laman Premium Sdn. Bhd. Malaysia
Ledico Lift Israel
Lift & Carry Morocco
Loxley Public Company Limited Thailand
Master Silver Lift Russia
Meh Fakhr Asankar Iran
Nass International Trading Bahrain
Omi Lifts & Escalators sp. z.o.o. sp.k. Poland
Orion Elevators Limited Nigeria
Regional Traders Ltd. Bangladesh
Skylift Elevadores SRL Argentina
Skymax Enterprises Kenya
Soluciones Verticales Colombia
Techno Elevator LLC Oman
Wollk Elevadores Brazil
Hyundai Elevator VL Russia Vladivostok only
Hyundai Lift KZ Kazakhstan


Company Country Notes
PT. Bakti Bestotek Indonesia Indonesia Late 1980s-1993
East Elevator Pte. Ltd. Singapore
General Engineering (Dev) Co. Ltd. Hong Kong, China
Hyco Industrial Sales Corp. Philippines 1989-1993[2]
MBf Norinco Sdn. Bhd. Malaysia Acquired by thyssenkrupp
in 2004[3]
PT. Superhelindo Jaya Perkasa
• PT. Superhelindo Putera Perkasa (Central Java)
• PT. Superhelindo Jaya (Bali)
Indonesia 1993-2013[4]


  • Prior to 1999, Hyundai was a distributor for Dover elevators in South Korea.
  • In 2006, 25.5% stake of Hyundai elevator was acquired by Schindler, which is in turn the world's fourth biggest elevator market. As the result, there are very few Hyundai elevators in South Korea that are branded as Schindler.
  • Hyundai is the first elevator manufacturer in South Korea to produce double deck elevators. Their double deck elevators have been installed at Hyundai's Asan Elevator Test Tower (2009) and recently at the LG U+ Building in Yong-san, Seoul (2015).
  • It is also the first elevator manufacturer in South Korea to have successfully developed South Korea's first machine room less elevator system; the YZER (initially Space Saver) in 1999.
  • The longest Hyundai escalators in Indonesia are located in Ciputra World Surabaya in Surabaya. Completed in 2011, these escalators are 16 m high and runs at 30 m/m. Together they allow shoppers to travel 34 m from the ground floor up to the 3rd floor of the mall quickly and conveniently. Traveling from one to another end takes 66 seconds. These escalators have been listed by MURI (Museum Rekor Indonesia) as "the longest escalators in the country".
  • Since 2007, it has been ranked as number one in the South Korean elevator market, followed by thyssenkrupp Elevator Korea and Otis Elevator Korea.
  • In Japan, Hyundai elevators are distributed, installed and branded as DAIKO.
  • In Indonesia, Hyundai is one of the elevator companies with the most number of elevators installed in the country. In 2007, it was reported that Hyundai had sold about 740 units, followed by Sigma which had about 680 units sold. It is also the most popular Korean elevator brand in Indonesia, followed by Sigma.


Notes and references

  1. An abbreviation of the Hyundai Elevator Co. Ltd.[1][2]
  3. ThyssenKrupp Elevator (Asia/Pacific) eNews - December 2004 (archived) (Refer to Page 8)
  4. Succeeded by PT. Hyundai Elevator Indonesia in 2013.

External links

Major elevator and escalator companies
Full list of companies List of elevator and escalator companies
Operating FujitecHitachiHyundaiKoneMitsubishi Electric (Shanghai Mitsubishi) • Otis (Otis ElectricSigma) • SchindlerthyssenkruppToshiba
Defunct Dover ElevatorsExpress LiftOrenstein & KoppelThyssenWestinghouse
Other companies Third-party elevator maintenance companies
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