Hyundai Elevator discloses a fatal accident at its subsidiary Hyundai Asan Co., Ltd., involving a worker employed by a subcontractor, as a major management matter (filed October 20, 2026).

Hyundai Elevator disclosed on October 20, 2026 that 1 worker employed by a subcontractor died at the Pohang-Andong 2 (1 section) national road construction site of its subsidiary Hyundai Asan Co., Ltd. The company said the police and the Ministry of Employment and Labor are conducting on-site inspections and investigating the detailed cause. The company said the Ministry of Employment and Labor issued a partial work suspension order for all formwork assembly and dismantling work from October 19, 2026, and that it is unclear whether the incident qualifies as a serious accident.

1. 01

   The company said a worker employed by a subcontractor of Hyundai Asan Co., Ltd. was found in cardiac arrest during a lunch break, taken to hospital and pronounced dead. The 1 worker died. The cause of the accident is unknown.

2. 02

   The Andong branch of the Daegu Regional Employment and Labor Office issued a partial work suspension order for October 19, 2026 covering all formwork assembly and dismantling work. The company said it will resume work after completing safety measures and receiving confirmation from the head of the regional labor office.

3. 03

   The company said it is unclear as of the filing date whether the incident qualifies as a serious accident under the Serious Accidents Punishment Act. The company said it plans to file a correction based on the results of the police and Ministry of Employment and Labor investigations.

An AI model translated the Korean summary of this filing into English; every number is carried over from the Korean original. Reference information, not investment advice.

Key figures

Number of deaths

1

Number of injured

0

Date of serious accident

October 17, 2026

Date reported to Ministry of Employment and Labor

October 19, 2026

Total assets of subsidiary (KRW)

KRW 146 billion (about KRW 146 billion, as of end of 2025)

Share of consolidated total assets of parent company (%)

3.92%

Filing facts

Filing type

Key Risk Notice

Report name

Occurrence of a Serious Accident (Subsidiary)

Filed

Oct 20, 2026

Receipt number

20261020800596