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Schindler Korea

Schindler Korea was the elevator and escalator operating company of the Schindler Group in South Korea, tracing its roots to Joong Ang (Central) Elevator before becoming a Schindler subsidiary in 2003. As of 2026 its elevator business has been acquired by Otis Elevator Korea, so it no longer operates as an independent Schindler-branded company in the country.

0 public people · 0 tender wins · 0 verified market signals

CountrySouth Korea
RegionJapan & Korea · Asia Pacific · APAC
HeadquartersFormer HQ: Gangnam-gu, Seoul, South Korea. Entity divested to Otis Elevator Korea in December 2025. Schindler no longer has a presence in South Korea.
Employees0
Fleet (est.)~21,000 units
Reported revenue$132,000,000 USD (FY2025)
Market positionSchindler Korea was DIVESTED to Otis Elevator Korea in December 2025. Schindler no longer operates in South Korea. Former operations had ~700 employees and ~€110M revenue. The divestiture followed Schindler's loss of a $213M ISDS arbitration case filed against the Korean government over its Hyundai Elevator stake.
Operates inSchindler EXITED South Korea in December 2025. Business sold to Otis Elevator Korea. Schindler does not currently operate in South Korea. Former operations covered full-service elevator and escalator including new installations, modernization, and maintenance of ~21,000 units.
Websitehttps://www.schindler.com

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