Schindler sues Korean gov’t over Hyundai Elevator

Schindler Group, the second-largest shareholder of Hyundai Elevator, has officially filed for an investor state dispute settlement against the Korean government seeking US$300 million in compensation for losses over its approval of paid-in capital increase of the Korean lift maker from 2013 to 2015. According to the Ministry of Justice on Oct. 15, Schindler has
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Hyundai Elevator Breaks Ground For New Shanghai Plant South Korea’s Hyundai Elevator Co. has broken ground for a new plant in Shanghai that is expected to help the company expand its presence in China, with a significant ramp-up in its annual production capacity in the world’s largest elevator market. The Korean company said on Wednesday
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