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![Hyundai-Rotem’s K2 tank. [Courtesy of Hyundai-Rotem Co.]](https://wimg.mk.co.kr/news/cms/202407/30/news-p.v1.20240730.fdea74fa014c46b5a170296bd56b0552_P1.jpg) Hyundai-Rotem Co. said on Tuesday that it signed two separate supply and maintenance deals worth a combined 538.2 billion won ($388.7 million) with Korea Railroad Corp. (Korail) and Defense Acquisition Program Administration (DAPA).
Hyundai Rotem said in a disclosure that it signed a contract of maintenance services for K1A2 tanks with DAPA. The contract is worth 148.5 billion won and runs until December 3, 2027.
The Seoul-based locomotive manufacturer signed another contract with Korail to supply high-speed electric multiple unit train EMU-260 to the state-owned railway operator.
Under the 389.7 billion won contract, Hyundai-Rotem is responsible for the supply of EMU-260 vehicles to be used in the high-speed railways, including the Chuncheon-Sokcho Line, until October 25, 2028.
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