SEOUL, July 21 (Korea Bizwire) – Hyundai Rotem Co., the train manufacturing affiliate of Hyundai Motor Group, said Friday it has won two separate orders worth 220 billion won (US$196 million) to build subway trains for Seoul’s metro company. The company said in a statement it received a 176 billion-won order from Seoul Metro to [...]
SEOUL, Feb. 6 (Korea Bizwire) – Hyundai Rotem announced Monday that it had finalized a contract with Egypt’s National Authority for Tunnels to supply subway cars for Cairo’s Metro Line 3, marking the biggest order for the company since its foray into the African market. As per the terms of the 433-billion-won ($380 million) deal, [...]
SEOUL, Aug. 18 (Korea Bizwire) – Hyundai Rotem Co., the train-making unit of Hyundai Motor Group, said Thursday that it has signed a deal to supply trains to Australia, worth up to 1.1 trillion won (US$995 million). Under the agreement signed with the Ministry of Transport and Infrastructure of New South Wales, the South Korean [...]
SEOUL, May 16 (Korea Bizwire) – Hyundai Motor Group is extending its futuristic offerings beyond a recently-revealed wearable robot reminiscent of Iron Man. Following the latest photo releases of Iron Man look-a-like robot prototypes, Hyundai’s plans to develop advanced weaponry have also been revealed. The group’s subsidiaries, including Hyundai Motor, Kia Motor, Hyundai Mobis, Hyundai [...]
SEOUL, Aug. 25 (Korea Bizwire) – Although the recent military standoff between the two Koreas has eased following lengthy dialogue, South Korea is still under intense military threat from the North. To counter the threats, the South Korean defense industry is developing futuristic wearable robot weapons systems. “Ironman” wearable robots, or exoskeleton robots with enhanced [...]
SEOUL, Dec. 6 (Korea Bizwire) – Hyundai Rotem, the South Korean train manufacturer, has won a contract to build a sewage disposal plant in Qatar. The company announced on December 4 that it won a contract worth 350 billion won (US$314 million) from Ashghal, the Public Works Authority of Qatar. Under the terms of the [...]