Hyundai Elevator Co. Ltd.




Seoul, South Korea


Hyundai Elevator Co. Ltd.

Hyundai Elevator Co. Ltd. (or HELCO[1]) is the elevator and escalator division of Hyundai Group. It is the largest elevator and escalator manufacturer in South Korea regarding its sales, profit, market share.


Hyundai Group's elevator division was established in January 1984 in a joint-venture with Westinghouse Elevator of the United States. In 1989, the joint-venture between Hyundai and Westinghouse was terminated, as Westinghouse was recently acquired by Schindler.

List of products


Elevators (since mid 2000s)

  • STVF: Geared traction elevator for low to mid-rise buildings. It is the successor of WC-VF. Prior to 2013, this model consists of STVF-2, STVF-3, STVF-4, STVF-5 and STVF-7. Since 2013, it is known as WBST1.
  • LUXEN: Premium low-medium speed gearless traction elevator for low to mid-rise buildings, launched in 2006. Prior to 2013, this model was known as LXVF which consists of two models; LXVF-1 (made from 2006 to 2010) and LXVF-7 (made from 2010 to 2017). Since mid 2013, it is known as WBLX which consists of two models; WBLX1 and WBLX2 (released in 2017).
  • SSVF: Machine room less elevator for low to mid-rise buildings. Also known as YZER. The first generation (prior to 2013) consists of SSVF-3, SSVF-5 and SSVF-7, while the second generation (since 2013) consists of WBSS1 and WBSS2.
  • i-XEL: High speed elevator for high-rise buildings, also known as WBHS1. Formerly known as HSVF.
  • The EL 1080: Ultra high speed elevator for high-rise buildings. Also known as SUVF.
    • The EL Duo: Double deck elevator version of The EL.
  • Innover: Gearless traction elevator manufactured by Hyundai Elevator China.
  • Observation elevator
  • Freight & automobile elevator
  • Marine elevator
  • Home elevator

Escalators and moving walks

  • World Class and Millenium: Escalator for commercial applications.
  • H-Series: Heavy-duty escalator.
  • S-Series: Escalator (not to be confused with Mitsubishi Series S)
  • Modular: Escalator for public transport facilities.
  • Moving Walk


  • HELIAS: Hyundai's destination dispatch system.


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

Notable elevator installations

Main article: List of Notable Elevator Installations of Hyundai

Overseas sole agents/distributors

  • Abans Ltd. (Sri Lanka)
  • Arabian Elevators & Engineering Co. Ltd. (United Arab Emirate)
  • Bseiso Engineering Materials Corp. (Jordan)
  • Chevalier (HK) Ltd. (Hong Kong)
  • CNS Automation Inc. (United States and Canada)
  • Deal General Trading & Contracting Co. (Kuwait)
  • East Elevator Pte. Ltd. (Singapore)
  • Edgeworks Ltd. (Bangladesh)
  • Eleva RD (Dominican Republic)
  • G Gear (Cambodia)
  • General Engineering (Dev) Co. Ltd. (Hong Kong)
  • H.E.M Global (Mongolia)
  • HD Global (HK) Engineering Service Ltd. (Hong Kong)
  • Hyco Industrial Sales Corp. (Philippines)
  • Integral International Ltd. (Myanmar)
  • International Engineering & Trade (Egypt)
  • Islamabad Industrial & Trading Corp. (Pakistan)
  • Kinetic Escalator & Elevator Ltd. (India)
  • Laman Premium Sdn. Bhd. (Malaysia)
  • Ledico Lift (Israel)
  • Loxley Public Company (Thailand)
  • Master Silver Lift (Russia)
  • MBf Norinco Sdn. Bhd. (Malaysia, acquired by ThyssenKrupp in 2004[2])
  • Mehfakhr (Iran)
  • PT. Superhelindo Jaya Perkasa (Indonesia[3], 1993-2013)[4]
    • PT. Superhelindo Putra Perkasa (Central Java)
    • PT. Superhelindo Jaya (Bali)
  • Regional Traders Ltd. (Bangladesh)
  • Wollk Elevadores (Brazil)


  • 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.
  • Prior to 1999, Hyundai was a distributor for Dover elevators in South Korea.
  • 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)
  • 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.


Notes and references

  1. An abbreviation of the Hyundai Elevator Co. Ltd.[1][2]
  2. ThyssenKrupp Elevator (Asia/Pacific) eNews - December 2004 (archived) (Refer to Page 8)
  3. For Jakarta and most part of the country.
  4. Changed name to PT. Hyundai Elevator Indonesia in 2013.

External links

Major elevator companies
DoverExpress LiftFujitecHitachiHyundaiKoneMitsubishi ElectricOtisSchindlerSigmaThyssenthyssenkruppToshiba
Full list: List of elevator and escalator companies
See also: Third-party elevator maintenance companies