Kim Hyung-wook, head of the rail business at Hyundai Rotem, said in his interview with the Korea Economic Daily on July 16, "Hyundai Rotem, which received 2.8 trillion won orders last year, the highest in its history, aims to clinch orders of up to 5.8 trillion won during the next two years from 2018 to 2019, thereby entering the top-five rank in the world by 2020."
At present, Hyundai Rotem ranks No. 10 among train car manufacturers worldwide, falling behind GE (No. 5), Siemens (No. 6), and Hitachi (No. 8).
Kim stressed, "Given that Hyundai Rotem already ranks No. 1 in the category of unmanned rail vehicle, our goal is not something impossible to achieve."
Kim has led Hyundai Rotem's overseas sales activities over the past 15 years. He added, "To become a global company, we have to go beyond the domestic market and broaden the source of revenue in overseas markets. We expect to win new orders from Poland, Taiwan, and Canada."
Singapore’s Ascendas-Singbridge Group closed the acquisition of a newly-built office building in Seoul for S$124.3 million ($92.3 million) this week, in what appears to be an opportunistic investment. Ascendas sees long-term potential in the 19,578-square-meter ICON Yeoksam tower, built in&hellip
The Military Mutual Aid Association, the Employment Insurance Fund and an unidentified South Korean institutional investor have committed a total of $110 million to LaSalle Investment Management’s 804 million-pound ($1 billion) debt fund focusing on the UK and western Europe.&hellip
Private equity firm KKR & Co. and the Public Officials Benefit Association (POBA) have put two commercial buildings in South Korea up for sale separately, in transactions expected to fetch a combined $1 billion and in what would be KKR’s&hellip