Hyundai Elevator (CEO Han Sang-ho) announced that it signed a sisterhood agreement with Sonyang-myeon, Yangyang-gun, Gangwon-do, on the 22nd of last month to practice 'a company that grows by sharing'.

Held at the Sonyang-myeon office, the twinning agreement ceremony was attended by CEO Han Sang-ho, 35 members of the social volunteer group, and 30 residents, including the mayor of Sonyang-myeon. The twinning program was organized with the aim of achieving win-win development through various exchanges between companies and rural villages based on the spirit of urban-rural coexistence. In the future, Hyundai Elevator will provide various support such as helping farmers, operating a farmers' market, delivering love briquettes, donating end-of-year deductions and matching grant scholarships, and improving educational culture and the environment.

"We are rather grateful to Son Yang-myeon for allowing us to experience the valuable experience of rural love and the joy of sharing," said Han Sang-ho, CEO of Hyundai Elevator. "We will continue to encourage and pay attention so that the future time will be a pleasant 'two-person, three-angle' run with Hyundai Elevator and Son Yang-myeon." Since 1997, Hyundai Elevator has been utilizing its tax deduction fund and matching grant fund as a scholarship fund for the needy, and has been actively engaged in various social contribution activities such as various volunteer and donation activities and campaigns related to elevator safety.

On the other hand, on the 18th of last month, the company announced that it received an order for 56 escalators to be installed in the subway of Milan City in northern Italy, marking its first export to Europe. The site is scheduled to start installation work from this September and will be operational by the end of 2014, and Hyundai Elevator has overcome the barriers to entry for multinational companies by satisfying the demanding European standards based on its experience in many overseas installations.

"We plan to increase our overseas network of corporations, branches, and agents in more than 50 countries to more than 60 countries within the year to further accelerate our overseas exports," said Han Sang-ho, CEO of Hyundai Elevator. "We will do our best to help Hyundai Elevator become a global leader representing Korea in the global market."