1. 31 Building, Korea's highest building at the time
1970: An elevator with a speed of 180m per minute was installed in Korea's highest building at the time (31 stories, 114m)
31 Building
2. Announcement of housing program
1972: The Housing Construction Promotion Act was enacted, a housing program for 2.5 million households was announced, and the demand in the elevator market expanded.
1973: The Development Promotion Act was proclaimed for Yeongdong District of Gangnam, Seoul.
1976: The Urban Redevelopment Act was enacted and proclaimed, increasing the demand for elevators due to the large number of urban development projects.
3. Construction of Korea's first elevator test tower and production line for escalators
1974: Universe-Seotong Electric constructed Korea's first elevator test tower and production line for escalators at its factory in Juan, Incheon.
Universe-Seotong Electric