Hyundai Rotem has been supplying majority of rolling stock in South Korea's railway network with products including KTX high-speed trains and rapid transit networks, plus international products ranging from Australian rail to Delhi Metro and Canada Line. Recent achievements include obtaining European TSI certification for its EMU-320 high-speed train and securing a KRW2.2 trillion contract with Morocco's national railway operator for 110 double-deck electric trains, positioning it for expanded international market penetration.
Cyborg Score Rationale
The company demonstrated robust growth with 2024 revenue of 4.38 trillion KRW (22% increase) and earnings of 406.89 billion KRW (152.68% increase), reflecting strong operational leverage and market demand. Recent major contract wins and technological certifications position it well, though geopolitical concentration risk exists given exposure to Asian and emerging markets.
Top Insights
EMU-320 high-speed train obtained TSI certification in September 2024, enabling entry into the European high-speed rail market
Largest-ever order: KRW2.2 trillion Morocco contract for 110 double-deck electric trains in 2025
Hydrogen mobility development underway with prototype hybrid hydrogen fuel cell tram unveiled in 2021 and mass production expected in Daejeon Metro by 2028; hydrogen-powered locomotives and EMUs also under development
Employee count of 3,925 reflects focused, efficient operations in capital-intensive manufacturing
Named Competitors
Siemens Mobility — Leading European rail and mobility solutions
Alstom — Global railway and mobility leader
Stadler — Premium European rail vehicle manufacturer
Hanwha Aerospace — South Korean defense and aerospace competitor
Korea Aerospace Industries — South Korean defense systems manufacturer
Recent Developments
(Early 2025) Morocco railway contract worth KRW2.2 trillion for 110 double-deck electric trains announced
(September 2024) EMU-320 high-speed train achieved TSI design certification for European market entry
(June 2024) Uzbekistan high-speed rail technology deal concluded for KRW270 billion with Hyundai Rotem supplying 6 UTY EMU-250 train sets
(2024) Strong earnings growth of 152.68% with revenue increasing 22% to 4.38 trillion KRW
Open the full interactive Hyundai Rotem Company report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.