Hyundai Rotem will pursue win-win cooperation with partners in the rail institutional sector, including doubling this year's co-prosperity fund to 150 billion won from the previous level.
Hyundai Rotem said on the 12th that it held the "2026 Hyundai Rotem Rail Solution Win-Win Cooperation Conference" at the Changwon plant in Changwon Special City, South Gyeongsang Province, on the 11th and unveiled a strategy to expand financial support for partners and joint entries overseas. The event was attended by local constituency lawmakers, officials from 50 partner companies, and Hyundai Rotem employees.
First, Hyundai Rotem decided to expand funding support. It will more than double the size of the co-prosperity fund from the previous 70 billion won to a total of 150 billion won this year to support interest rate reductions for partners.
To help partners enter global markets, it signed a win-win finance agreement with Shinhan Bank and the Export-Import Bank. Through this, it plans to support trade finance, guarantees, and preferential interest rates. To lay the groundwork for revitalizing the domestic consumer market, it will also increase research and development (R&D) investment from the previous annual average of 28 billion won to 86 billion won.
It also decided to help partners secure global technological competitiveness. In the Queensland electric train supply project in Australia, Hyundai Rotem built mechanical facilities, and in the Los Angeles Metro project in the United States, it localized electrical components, entering overseas markets together with partners. A Hyundai Rotem official said, "In overseas projects scheduled in the future, we plan to actively support achieving global growth together with partners."
In addition, through the Hyundai Rotem professional technical training institute, it will provide training to improve technical capabilities and job expertise to more than 6,500 partner executives and employees this year, and it also decided to help partners build security systems.
Chief Executive Officer Lee Yong-bae of Hyundai Rotem said, "Hyundai Rotem and its partners have recently borne valuable fruit with the first overseas export of high-speed rail, followed by entry into the Vietnam metro market," and added, "To establish ourselves as a global rail powerhouse, every member of the rail industry must unite as a single community of shared destiny."
Meanwhile, on the day, heads of partner companies in the parts industry delivered a policy proposal reflecting on-site opinions to strengthen the competitiveness of the rail industry supply chain. The proposal included opinions such as ▲ strengthening eligibility requirements for bidding to introduce proven technologies ▲ improving the bidding evaluation system to focus on technological capabilities.