Defense, rail, eco-plant
Hyundai Rotem Company
A machinery group spanning ground weapons like the K2 tank (Defense), high-speed and metro trains (Rail), and hydrogen/steel-plant equipment (Eco-Plant). 2025 revenue split: Defense 55%, Rail 36%, Eco-Plant 9%. K2 tank exports to Poland and Canadian/domestic rail wins drive growth.
064350.KS Updated Jul 12, 2026 2 AI consumers· 1 recurring
Annual return · 2026-07-10'21-3.4%'22+48.4%'23+3.1%'24+108.8%'25+290.1%YTD-22.1%
Money in ▸국내외 철도 운영사·발주처 (고속철·전동차)●contract 391,446,000,000원폴란드 군비청 (K2 전차)●Count 210대 (EC3)폴란드 군비청 (K2 전차 수출)●Count 210대 (EC3 추진)방위사업청 (K1/K2 창정비·PBL·장갑차)●국내외 철도 운영사 (레일솔루션)◐페루 (K2 전차·차륜형장갑차)◐
Hyundai Rotem Company2025 revenue: Defense 55%, Rail 36%, Eco-Plant 9%
▸ Money outK2 파워팩 (엔진·변속기, HD현대인프라코어·SNT다이내믹스)◐철도차량 부품·강재 (대차·의장·알루미늄 차체)◐
Financials & Segments
- Total revenue · 2025 revenue: Defense 55%, Rail 36%, Eco-Plant 9%
- Segments · Defense (K2 tank, APCs) · Rail (high-speed, metro) · Eco-Plant (hydrogen, steel)
Revenue from
- 국내외 철도 운영사·발주처 (고속철·전동차) High confidence· contract 391,446,000,000원 · 에드먼턴 경전철(2026.7) · DART supply-contract filing
Rail Solutions: Canada's Edmonton high-floor LRT at KRW 391.4bn (8.9% of revenue), Sinansan Line rolling stock at KRW 235.3bn (POSCO E&C), SR high-speed EMU-320, GTX-B/C PPP, and the Daejang-Hongdae metro. - 폴란드 군비청 (K2 전차) High confidence· Count 210대 (EC3) · 2026~2034
K2 tanks for Poland: the third execution contract (210 units - 120 Korean-built, 90 local) targeted within the year, running 2026-2034; Iraq (250 units, ~KRW 9tn) and Peru (54 K2s plus 141 wheeled APCs) in parallel talks.Confirms KO Financial News Published Jul 9, 2026: Hyundai Rotem's third Polish K2 contract takes shape - 폴란드 군비청 (K2 전차 수출) High confidence· Count 210대 (EC3 추진) · 2026~2034
K2 tank exports to Poland: the first contract (180 units) is in delivery and a second execution contract is underway; a third (EC3) of 210 units (120 Korean-built, 90 local) is targeted for 2026-2034. The annual report lists the Poland K2 supply and its second execution contract.Confirms KO Financial News Published Jul 9, 2026: Hyundai Rotem's third Polish K2 contract takes shape - 방위사업청 (K1/K2 창정비·PBL·장갑차) High confidence
DAPA is the top domestic ground-weapons customer: K1/K1A1 overhaul, K2 overhaul development, K1-series performance-based logistics, and 30mm wheeled AA gun and wheeled APC production. A 2026 K-1 recovery/bridge-tank maintenance contract. - 국내외 철도 운영사 (레일솔루션) Medium confidence
Rolling stock (metro, high-speed) runs alongside defense as the second pillar.Mentions KO Financial News Published Jul 9, 2026: Hyundai Rotem's third Polish K2 contract takes shape - 페루 (K2 전차·차륜형장갑차) Medium confidence
A framework agreement with Peru for K2 tanks and wheeled APCs, plus preferred-bidder status on the wheeled-APC program - a Latin America export beachhead.
Pays to
- K2 파워팩 (엔진·변속기, HD현대인프라코어·SNT다이내믹스) Medium confidence
The K2 tank powerpack (engine and transmission) has been localized - engine from HD Hyundai Infracore, transmission from the SNT Dynamics line; as integrator, Rotem sources the core driveline. - 철도차량 부품·강재 (대차·의장·알루미늄 차체) Medium confidence
Assembles rolling stock from bogies, fit-out parts, aluminum car bodies and steel sourced from domestic and overseas partners - an integrator model.