September 22, 2017 4:44 AM ET


Company Overview of Otis Elevator Korea Co. Ltd.

Company Overview

Otis Elevator Korea Co. Ltd. manufactures and installs elevators and escalators. The company was formerly known as OTIS-LG Elevator Company and changed its name to Otis Elevator Korea Co. Ltd. in October, 2005. The company was founded in 1968 and is based in Seoul, South Korea. Otis Elevator Korea Co. Ltd. operates as a subsidiary of United Technologies Corporation.

6-8F. Two IFC,10



Seoul,  07326

South Korea

Founded in 1968


82 2 2007 5800

Key Executives for Otis Elevator Korea Co. Ltd.

Chief Operating Officer
Compensation as of Fiscal Year 2017.

Otis Elevator Korea Co. Ltd. Key Developments

Otis Elevator Korea Co. Ltd. Installs Double-Deck Elevator in the Lotte World Tower

Otis Elevator Korea Co. Ltd. has installed the double-deck elevator in the Lotte World Tower. The elevator runs 496 meters from the second basement to the building's observation deck on the 121st floor. Using a single hoistway, it can carry 54 passengers to the observation deck in one minute. Otis Elevator Korea recently completed the installation of the 100-ton traction machine that powers the elevator. The Lotte World Tower is Korea's tallest building at 555 meters. It is expected to be completed this year and will include 11 Otis Skyway elevators equipped with special seismic sensors that monitor the building's movement from wind and potential earthquakes, and can quickly move passengers in the event of an emergency. In addition, Otis Elevator Korea provided 19 Gen2 Dynamic elevators and 17 escalators. Four of the Otis elevators are designed to provide escape routes in emergencies, such as fire.

Similar Private Companies By Industry

Company Name Region
21st Century Shipbuilding Co., Ltd. Asia
3R ENC Asia
3SKOREA Co., Ltd. Asia
A-SUNG Co., LTD. Asia
Aaeutech Co., Ltd. Asia

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Tax Management Inc United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Otis Elevator Korea Co. Ltd., please visit Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at