Elevator World

Welcome to the Elevator World News Podcast. Today’s podcast news podcast is sponsored by elevatorbooks.com: www.elevatorbooks.com HYUNDAI ELEVATOR BUOYED BY KOREAN GOVERNMENT POLICIES New housing starts and elevator installations in Korea should continue to grow in response to government policies aimed at expanding housing supply, and accordingly, Hyundai Elevator is set to enjoy profitability improvement, considering signs of earnings recovery at its subsidiaries (including its tourism, leisure, and finance businesses), BusinessKorea reported on June 3. Government policy initiatives should ensure that housing construction and elevator installation volume continue rising going forward — both the ruling party and the main opposition party have made proposals aimed at expanding housing supply in metropolitan areas. Over the long term, rising housing supply should lead to trickle-down effects in the form of higher demand for elevators. Of note, domestic housing construction starts rose 15.6% year-over-year (YOY