To attain 5 trillion won in sales, increase overseas sales up to 50% of the total by 2030

Hyundai Elevator held the 2022 Future Vision Declaration Ceremony on the occasion of its relocation of Chungju Campus on July 13.

Hyundai Group Chairman Hyun Jeong-eun, Chungcheongbuk-do Governor Kim Young-hwan, HDC Hyundai Development Chairman Chung Mong-kyu, and more than 300 distinguished guests attended the declaration ceremony held at the newly relocated Chungju Smart Campus Auditorium.

Hyundai Group Chairman Hyun Jeong-eun delivers a speech at the ceremony to declare its future vision to commemorate the relocation of Hyundai Elevator’s Chungju Campus on July 13, 2022.
Hyundai Group Chairman Hyun Jeong-eun delivers a speech at the ceremony to declare its future vision to commemorate the relocation of Hyundai Elevator’s Chungju Campus on July 13, 2022.

Cho Jae-cheon, CEO of Hyundai Elevator, declared the company's future vision of 2030 called "Mobility to Possibility." This shows the willingness to find "new possibilities" by combining fourth industrial revolution technologies such as artificial intelligence (AI), open API, and Internet of Things (IoT), and elevator, which was considered simple means of movement.

The top five strategic tasks of the company are as follows; △ Increase customer value through digital transformation △ Market leadership through innovative products △ Aggressive expansion of overseas businesses △ Expansion of service businesses △ Entry into new indoor mobility businesses.

Based on this strategy, Hyundai Elevator has set a goal of "Triple 5" to achieve △ "5 trillion won in sales" △ "50 percent of the portion of overseas business" △ "Global Top 5" by 2030.

The relocation of Hyundai Elevator headquarters and factories is the first time since its foundation in 1984. Chungju Smart Campus, which will be a stepping stone for a new leap, is a complex space with a headquarters, a smart factory with a unified production, packaging, and shipping system, and various welfare facilities and dormitories for executives and employees.

Meanwhile, Hyundai Group Chairman Hyun Jeong-eun stressed in her speech, "Only constant innovation will prevent companies from regressing."

Commenting the remarks by the late Hyundai Group Chairman Chung Mong-hun, “Innovation is our only way to live,” Chairman Chung said, “Innovation is our only way to live.”

Kim Young-hwan, governor of North Chungcheong Province, presented Hyun with an honorary governor's plaque.

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