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Hyundai Rotem
Hyundai Rotem Company, often referred to as Hyundai Rotem (Korean: 현대로템; RR: Hyeondae Rotem), is a South Korean manufacturer of railway rolling stock, railway signalling, defense products and plant equipment. It is a member of Hyundai Motor Group and has presence in more than 50 countries worldwide. As of 2024, Hyundai Rotem has more than 4,100 employees.
As part of the government-led restructuring in the wake of 1997 Asian financial crisis, Korea Rolling Stock Corporation (KOROS, Korean: 한국철도차량 주식회사) was founded on 1 July 1999 as a result of the merger between three major rolling stock divisions of Hanjin Heavy Industries, Daewoo Heavy Industries, and Hyundai Precision Industry.
In 2000, Hyundai Precision Industry sold its defence and plant businesses to KOROS, effectively making KOROS an affiliate company of Hyundai Motor Company. Hyundai Precision Industry was renamed as Hyundai Mobis in the same year. In August 2001, in an aftermath of Daewoo Group's dissolution, Daewoo Heavy Industries agreed to sell its stake in KOROS to Hyundai Mobis, which let the latter become the majority shareholder of the company. KOROS subsequently changed its name to Rotem Company (Korean: 주식회사 로템), where "Rotem" is known to be short for "Railroading Technology System", on 1 January 2002.
In 2006, Morgan Stanley became a minority shareholder by buying shares from Hyundai Motor Company and participating in Rotem's rights offering, until 2018. In a separate event in the same year, Hanjin Heavy Industries sold its stake in Rotem to Morgan Stanley, leaving Hyundai Motor Group the only remaining pre-1999 merger corporate shareholder. Rotem Company added "Hyundai" (현대; 現代) to its name on 3 December 2007 to reflect its current affiliation. Its shares are listed in the Korea Exchange in October 2013.
While Hyundai Rotem officially designated its founding date as 1 July 1977, which was also the time when "Hyundai Precision Industry" was officially named, in certain of its publications, it tried to trace its roots to the rolling stock business of other pre-1999 merger entities, which started building rolling stock since 1964.
Hyundai Rotem has been supplying majority of rolling stock in South Korea's railway network. They include Korail's KTX high-speed trains, electric multiple units (EMUs), and locomotives, and also SRT high-speed trains operated by SR Corporation, as well as the country's rapid transit networks, such as Seoul Metropolitan Subway, Busan Metro, and Daegu Metro.
International products include New South Wales D sets serving intercity services of Sydney Trains in Australia, K-Stock and R-Stock EMUs for Hong Kong's MTR, commuter EMUs for Taiwan, trains for the Delhi Metro, and automated trains for the Canada Line in Vancouver, Canada. In the United States, as of early 2025, it delivered 120 Silverliner V commuter trains for SEPTA Regional Rail in the Philadelphia area in Pennsylvania and 66 Silverliner Vs for Regional Transportation District (RTD)'s A Line.
In June 2024, South Korea and Uzbekistan concluded a KRW270 billion (approximately USD196 million at the time) deal to apply South Korean high-speed rail technology in Uzbekistan. It is the first export of high-speed trains with South Korean technology, where Hyundai Rotem will supply 6 sets (of 7 cars each) of high-speed trains, known as UTY EMU-250, which is a variant of KTX-Eum.
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Hyundai Rotem
Hyundai Rotem Company, often referred to as Hyundai Rotem (Korean: 현대로템; RR: Hyeondae Rotem), is a South Korean manufacturer of railway rolling stock, railway signalling, defense products and plant equipment. It is a member of Hyundai Motor Group and has presence in more than 50 countries worldwide. As of 2024, Hyundai Rotem has more than 4,100 employees.
As part of the government-led restructuring in the wake of 1997 Asian financial crisis, Korea Rolling Stock Corporation (KOROS, Korean: 한국철도차량 주식회사) was founded on 1 July 1999 as a result of the merger between three major rolling stock divisions of Hanjin Heavy Industries, Daewoo Heavy Industries, and Hyundai Precision Industry.
In 2000, Hyundai Precision Industry sold its defence and plant businesses to KOROS, effectively making KOROS an affiliate company of Hyundai Motor Company. Hyundai Precision Industry was renamed as Hyundai Mobis in the same year. In August 2001, in an aftermath of Daewoo Group's dissolution, Daewoo Heavy Industries agreed to sell its stake in KOROS to Hyundai Mobis, which let the latter become the majority shareholder of the company. KOROS subsequently changed its name to Rotem Company (Korean: 주식회사 로템), where "Rotem" is known to be short for "Railroading Technology System", on 1 January 2002.
In 2006, Morgan Stanley became a minority shareholder by buying shares from Hyundai Motor Company and participating in Rotem's rights offering, until 2018. In a separate event in the same year, Hanjin Heavy Industries sold its stake in Rotem to Morgan Stanley, leaving Hyundai Motor Group the only remaining pre-1999 merger corporate shareholder. Rotem Company added "Hyundai" (현대; 現代) to its name on 3 December 2007 to reflect its current affiliation. Its shares are listed in the Korea Exchange in October 2013.
While Hyundai Rotem officially designated its founding date as 1 July 1977, which was also the time when "Hyundai Precision Industry" was officially named, in certain of its publications, it tried to trace its roots to the rolling stock business of other pre-1999 merger entities, which started building rolling stock since 1964.
Hyundai Rotem has been supplying majority of rolling stock in South Korea's railway network. They include Korail's KTX high-speed trains, electric multiple units (EMUs), and locomotives, and also SRT high-speed trains operated by SR Corporation, as well as the country's rapid transit networks, such as Seoul Metropolitan Subway, Busan Metro, and Daegu Metro.
International products include New South Wales D sets serving intercity services of Sydney Trains in Australia, K-Stock and R-Stock EMUs for Hong Kong's MTR, commuter EMUs for Taiwan, trains for the Delhi Metro, and automated trains for the Canada Line in Vancouver, Canada. In the United States, as of early 2025, it delivered 120 Silverliner V commuter trains for SEPTA Regional Rail in the Philadelphia area in Pennsylvania and 66 Silverliner Vs for Regional Transportation District (RTD)'s A Line.
In June 2024, South Korea and Uzbekistan concluded a KRW270 billion (approximately USD196 million at the time) deal to apply South Korean high-speed rail technology in Uzbekistan. It is the first export of high-speed trains with South Korean technology, where Hyundai Rotem will supply 6 sets (of 7 cars each) of high-speed trains, known as UTY EMU-250, which is a variant of KTX-Eum.