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The thyssenkrupp Elevator plant in Cheonan, South Korea, was the 

setting for an event on February 2 that featured a speech by thyssenkrupp 

AG CEO Dr. Heinrich Hiesinger titled “Transform to Innovate — Innovate to 

Transform.” The event was presented in cooperation with the Korean-German 

Chamber of Commerce and Industry. Wayne Park, CEO of thyssenkrupp Elevator 

Korea, was on hand to lead Hiesinger and fellow officials on a tour of the 

factory. thyssenkrupp has invested approximately US$15 million into new 

technologies in South Korea in the past five years, strengthening a business 

relationship that is more than 100 years old.