LG Unveils Safest Elevator

LG has developed a new elevator in which the fault rate has been reduced to 0.09%. This elevator has control systems which reduce 90% of the electric chords by attaching an independent control system to each elevator car.
LG invested 250 researchers and 35 billion won for five years to achieve this development. LG has already finished testing last February and set up mass production. A source at LG said, 'The new elevator can skip a fault on a particular floor and maintain its operation. Test results prove that the ability of the new elevator surpasses that of Japanese production.'
LG plans to pursue foreign markets which Japanese products already occupy including North and South America, Southeast Asia, and Europe. The size of the elevator market reached 650 billion won in Korea and 19 trillion won abroad.