LG Uplus Corp. and Hyundai Elevator Co. distributed safety devices that use Internet of Things (IoT) technology to elevator installation workers.
The new technology analyses whether employees correctly tie the chin straps on their safety hats or wear safety rings when constructing elevators in high areas, and it avoids falls by alerting employees if any of their equipment has been improperly fastened.
Jeon Seung-hoon, head of smart infrastructure at LG Uplus, said they will expand the application of the smart safety management system starting from elevator installation sites to other sites with a risk of fall accidents, aimed at contributing to preventing serious disaster accidents.
The two companies jointly developed smart safety management systems, such as IoT sensor safety hats, rings, belts, and exclusive applications for elevator installers and control platforms.


Argentina Economy Shrinks 1.5% in April, Recovery Under Milei Loses Momentum
Baige Online Shares Soar 333% in Hong Kong IPO Debut as AI Insurance Demand Lifts Chinese Listings
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism
Wall Street Futures Rise Ahead of JOLTS Data, Nike Earnings, and U.S.-Iran Talks
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List
Europe Heatwave Creates Growth Opportunity for Carrier, Trane, and Johnson Controls, Citi Says
US Egg Producers Settle Price Manipulation Probe, Agree to Pay $3.3 Million and Donate 53 Million Eggs
South Korea Alleges Google Abused Android App Store Dominance, Eyes Major Fine
Nvidia Stock Rises as SemiAnalysis Sees AI Data Center Revenue Beating Wall Street Forecasts
Lenovo Shares Slide as AI-Driven Memory Demand Signals Higher DRAM and NAND Prices
OpenAI May Delay IPO to 2027 Amid $1 Trillion Valuation Goal
Morgan Stanley Raises Tesla Q2 Delivery Forecast on Strong Europe and China Demand
Global Financial Firms Shift Asia Expansion Focus to South Korea as China, India Face Caution
Trump Urges Gasoline Retailers to Cut Prices to $2.50 Per Gallon, Warns of Legal Action
China Manufacturing PMI Edges Higher in June as Exports and AI Investment Boost Growth
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire
Gold Price Drops to Eight-Month Low as Fed Rate Hike Bets Weigh on Bullion. Source: Photo by Michael Steinberg via Pexels 



