Otis Service LLC announced that it expects to receive KRW 18.38 billion in funding from Autech Corporation and Otis Elevator Korea Co. Ltd.

AUTECH CORPORATION is a Korea-based company mainly engaged in the manufacture of special vehicles. The Company operates its business through four segments: transportation segment, which manufactures refrigerator vans, cargo vans, wheeled tactical vehicles (WTVs) and others; medical segment, which manufactures medical vehicles, including paramedic ambulances and medical examination vehicles; welfare segment, which provides motorized rear ramps, lift buses and motorized lift up seats that are used for the aged people, feeble people and disabled people, and automobile components segment, which manufactures automobile components such as pallets and seat modules. The Company distributes its products within domestic market and to overseas markets.