On December 28, 2024, South Korean National Assembly officially passed Elevator IoT Safety Management Law, implemented on January 1, 2025, full coverage by July 1, 2025. Core of the law:

1. Mandatory installation: All new elevators, stock elevators (residential, commercial, public) must install South Korea certified IoT monitoring devices, real-time collection of operation, fault, maintenance, emergency data;

2. Data supervision: Data real-time uploaded to elevator supervision platform of South Korea Ministry of Land, Infrastructure and Transport, regulatory authorities remote real-time monitoring, automatic fault early warning;

3. Maintenance linkage: IoT data linked with maintenance, overdue maintenance, unprocessed fault automatic lock elevator, prohibited operation;

4. Emergency rescue: Automatic alarm and positioning when trapped, real-time navigation for rescuers, arrival time limit ≤25 minutes;

5. Responsibility definition: User unit bear main responsibility, maintenance unit bear maintenance responsibility, regulatory authorities bear supervision responsibility; 6. Penalties: Fine of 50 million Korean won for no installation, no data upload, 100 million Korean won for maintenance fraud, criminal liability for accident. The law builds South Korea elevator full life cycle IoT supervision system.