South Korea's largest escalator manufacturer launched, aims to increase domestic production ratio = South Korea

K-Escalator, South Korea's largest production facility for finished escalators, has begun operations in Geochang, Gyeongsangnam-do.
Hyundai Elevator Service and small and medium-sized escalator companies invested in the K-Escalator.
In South Korea, where the product was widely used, there were many complaints that the safety and reliability of the product had been compromised due to a series of accidents and delays in the supply of parts, which led to delays in maintenance.
The K-Escalator will play a role in revitalizing the Korean industry by increasing the proportion of domestic production through parts development.
The company will expand its business by targeting replacement demand for electric vehicles. Mass production will begin in 2025, and a domestic model will be developed within five years. It will also begin to develop overseas markets. A prototype has already been completed.
The company plans to receive certification for commercialization within the year. To this end, the company is working to develop and produce new products in collaboration with Korean companies, to increase utilization of facilities by producing escalators in Korea, and to sell parts.
We will promote the establishment of a supply network, the development of escalators to meet demand, and economic revitalization through production in Korea.