Hyundai Elevator awards scholarships to top students in Chungju

Hyundai Elevator awarded scholarships of 1 million won ($746) each to 22 high-achieving high school students recommended by schools across the Chungju area, the company announced Wednesday. The ceremony was held at its Chungju Smart Campus.

Before the scholarship presentation, students and school officials toured the Smart Campus to learn about the elevator industry and experience it firsthand. Hyundai Elevator also arranged a session in which employees originally from Chungju spoke with student recipients from their hometown.

The company has run the scholarship program every year since 2009 as part of its community engagement efforts, with the aim of providing students with meaningful educational support. This year's 22 recipients were selected on the recommendation of Chungju city and 11 local high schools.

"We hope the scholarships will serve as a foundation for students to nurture their dreams and potential," a Hyundai Elevator official said. "We will continue to expand our support programs for developing local talent."

Beyond scholarships, Hyundai Elevator is also investing in cultivating industry-ready workers in the region. In 2024, it became the first company in the sector to launch an elevator installation and operations curriculum in partnership with Chungju Technical High School. The program drew 47 participants in its first year, 42 last year and 41 this year. The company has also broadened its ties with local educational institutions by contributing to a school development fund at Chungju Technical High School.

Meanwhile, Hyundai Elevator recently received an SA1 rating — the highest available — in a construction safety management assessment conducted by Nice D&B, a corporate credit rating agency.

The construction safety management rating serves as an indicator of a company's occupational health and safety capabilities, used by construction companies when registering subcontractors or screening bidders. The assessment evaluates a company's overall safety management capacity against construction industry benchmarks before assigning a rating.