Hyundai Elevator's entire executive team has voluntarily purchased company shares as part of their commitment to enhancing corporate value.
According to the Financial Supervisory Service's electronic disclosure system on July 13, CEO Cho Jae-cheon and over 30 executives acquired approximately 14,500 shares. The purchases were made through on-market transactions over the past week, starting July 6.
This share acquisition reflects the management's voluntary effort to strengthen accountability and restore market trust while protecting shareholder rights. It is seen as a direct message to the market regarding the company's fundamental competitiveness and long-term growth potential.
Despite a global economic slowdown and a downturn in related industries, Hyundai Elevator has maintained a solid performance. The company aims to transparently share its achievements with shareholders through an active shareholder return policy, seeking fair valuation in the capital markets.
Hyundai Elevator is also developing various innovative technologies in preparation for future smart city construction. Notable projects include the world's first commercial installation method for high-rise modular elevators, known as 'InnoBlock,' delivery robot integration technology, and the vertical takeoff and landing port 'H-PORT,' which serves as a key infrastructure for urban air mobility (UAM).
A representative from Hyundai Elevator stated, "The voluntary share purchase by the entire executive team demonstrates a strong belief in the company's long-term growth and corporate value. We will diligently implement various shareholder return policies to establish ourselves as a model company for value enhancement."
Additionally, Hyundai Elevator announced its medium-term shareholder return policy for 2026-2028, committing to utilize over 50% of its consolidated net income for cash dividends and share buybacks or retirements. The company has also set a minimum dividend of 2,500 won per share, enhancing predictability for shareholder returns.
* This article has been translated by AI.
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