Public | |
Traded as | KRX: |
Industry |
Railway system Defense system Plant system |
Founded | July 1, 1999 (as KOROS) |
Headquarters | Seocho-gu, Seoul, South Korea |
Key people
|
Han, Kyu-Hwan (President, CEO) |
Products |
Defense Systems Plant Systems |
Revenue |
₩ 3,299 billion (2013) US$ 3.23 billion |
₩ 174.24 billion (2013) US$ 170.7 million |
|
₩ 119.05 billion (2013) US$ 116.6 million |
|
Total assets |
₩ 4,274.9 billion (2013) US$ 4.18 billion |
Total equity |
₩ 1,713.5 billion (2013) US$ 1.68 billion |
Number of employees
|
3,800 |
Parent | Hyundai Motor Group |
Website | http://www.hyundai-rotem.co.kr/ |
Hyundai Rotem is a South Korean company manufacturing , defense products and plant equipment. It is part of the Hyundai Motor Group. Its name was changed to the current one from Rotem on December 2007 to reflect its parent company.
The company was founded in 1999 as Korea Rolling Stock Corporation (KOROS), the result of merger between then three major rolling stock divisions of Hanjin Heavy Industries, Daewoo Heavy Industries and Hyundai Precision & Industries. The company subsequently changed its name to Railroading Technology System, or Rotem, on 1 January 2002. It adopted its current name in December 2007 to reflect its current owner. Hyundai Rotem currently employs 3,800 and exported to 29 countries worldwide.
Notable projects include supplying most of South Korea's rolling stock, which include Korail's KTX high speed trains, Electric multiple units, and Electric locomotives. Other products in South Korea includes supplying all of Seoul Metro, Seoul Metropolitan Rapid Transit, and Shinbundang Line's Electric multiple units. International products include Hong Kong MTR's , commuter EMUs for Taiwan, trains for the New Delhi Metro, and automated trains for the Canada Line between downtown Vancouver and Richmond in British Columbia, Canada. They are also to supply the Silverliner V commuter trains for SEPTA Regional Rail in the Philadelphia, Pennsylvania area. The Philippine National Railways have partnered with Hyundai Rotem to upgrade and construct its train and stations in the Luzon island for convenience and fast transportation; the trains have been delivered and are currently in service.