SEOUL, Oct. 24 (Korea Bizwire) – Hyundai Rotem Co., South Korea’s sole tank manufacturer, said Friday it has signed a memorandum of understanding (MOU) with U.S. artificial intelligence (AI) solutions provider Shield AI to develop AI-based defense technologies. Under the MOU signed Thursday during the 2025 Seoul International Aerospace & Defense Exhibition (ADEX) in Goyang, [...]
CHANGWON, Aug. 21 (Korea Bizwire) — At Hyundai Rotem’s test track in the southern city of Changwon last week, two K2 Black Panther tanks roared to life, spinning on the spot like soldiers in drill formation before surging down a straightaway at speeds of up to 70 kilometers per hour on paved roads. The demonstration came [...]
SEOUL, Aug. 14 (Korea Bizwire) — The state arms procurement agency has launched a 47.6 billion-won (US$34.4 million) project to upgrade military wheeled armored vehicles, aiming to enhance operational capabilities, officials said Thursday. The Defense Acquisition Program Administration (DAPA) announced the decision after a meeting the previous day with Hyundai Rotem Co., which is leading [...]
SEOUL, Feb. 26 (Korea Bizwire) — Hyundai Rotem Co., the train manufacturing subsidiary of South Korea’s Hyundai Motor Group, said Wednesday it has won a 2.2 trillion-won (US$1.53 billion) deal from Morocco to supply advanced trains to the North African nation. Hyundai Rotem secured the contract to supply ONCF, Morocco’s national railway operator, with double-decker [...]
SEOUL, Nov. 18 (Korea Bizwire) — Hyundai Rotem Co. said Monday it has signed a comprehensive cooperation agreement with Peru’s Army Weapons and Ammunition Factory (FAME) aimed at exporting ground weapons to the country, including its K2 battle tanks and wheeled armored vehicles. The agreement was made on the sidelines of the Asia-Pacific Economic Cooperation [...]
SEOUL, Aug. 21 (Korea Bizwire) – Hyundai Rotem, a leading South Korean railway equipment manufacturer, has reported a record-breaking order backlog in its rail division, securing approximately eight years of work ahead. The company is now setting its sights on additional high-speed rail contracts while reinforcing its production facilities to ensure timely deliveries. As of the [...]
SEOUL, Jun. 7 (Korea Bizwire) — Hyundai Rotem Co., a South Korean railway system and plant equipment maker, said Friday its U.S. unit has received a 241.4 billion-won (US$175.8 million) order for double-deckers in the United States. Hyundai Rotem USA Corp. has obtained the order from the Massachusetts Bay Transportation Authority (MBTA), the company said [...]
SEOUL, May 3 (Korea Bizwire) – The Peruvian Army has chosen South Korea’s K808 White Tiger as the new wheeled armored vehicle to enhance its military capabilities. On May 1, the Peruvian Army’s weapons and munitions provider (FAME) announced that it had selected the South Korean companies Hyundai Rotem (supplier) and STX (contractor) as the priority [...]
SEOUL, May 2 (Korea Bizwire) — South Korean defense firm Hyundai Rotem has been selected as a preferred bidder to export 30 K-808 White Tiger wheeled armored vehicles to Peru, the company said Thursday. STX Engine will serve as the main contractor for the deal, while Hyundai Rotem will supply the vehicles to the Peruvian [...]
SEOUL, June 30 (Korea Bizwire) — Hyundai Rotem Co., a South Korean railway system and plant equipment maker, said Friday it has received a 1.2 trillion-won (US$910 million) order for railway trains in Australia. Australian railway company Downer signed the railway train deal with Queensland, Australia’s second-largest state, and Downer subcontracted the project to Hyundai [...]