Hyundai Rotem held the '2026 Hyundai Rotem Partners Day' over two days, from the 5th to the 6th, at the Haevichi Hotel & Resort in Seogwipo City, Jeju.
The Partners Day is an event where Hyundai Rotem shares achievements in mutual cooperation with its suppliers and discusses strategies for joint growth. The event has been held since 2005, and this year it was attended by key executives, including Hyundai Rotem President Lee Yong-bae, as well as representatives from 100 partner companies.
On the occasion, Hyundai Rotem introduced its mutual cooperation achievements this year, including expanded financial support for suppliers and joint entry into overseas markets. As overseas business expands, the impact of suppliers' production capabilities and supply chain stability on order competitiveness is also growing. Accordingly, the company is leveraging supplier support not merely as a means to alleviate cost burdens, but as a tool to secure medium- to long-term business competitiveness.
This year, Hyundai Rotem is operating its joint growth fund at a scale of 150 billion won, more than double that of last year. Through the third quarter, it has provided a total of 105.9 billion won in support to 100 partner companies. The joint growth fund is a system that uses funds deposited with financial institutions to provide investment and operating capital to suppliers at low interest rates.
The company is also supporting its suppliers' entry into overseas markets. In the electric multiple unit supply project in Queensland, Australia, it participated alongside suppliers in the construction of mechanical facilities, while in the Los Angeles (LA) Metro project in the United States, it collaborated with suppliers on the localization of electrical components. The company plans to support domestic suppliers' participation in the localization process for other businesses, including defense, in the future.
The 'Mutual Performance Sharing System,' introduced for the first time in the defense sector this year, is also a key mutual cooperation policy. Under this system, if a supplier succeeds in localizing parts and delivers them, 100% of the cost savings from localization are returned to the supplier in the first year, and 50% in the following year. Hyundai Rotem plans to expand this system to the civilian sector in the future.
The company has also increased training to enhance the technical capabilities of supplier employees. It provides job-specific training in quality, production, and design, as well as training on artificial intelligence (AI) utilization and business automation. Through the third quarter this year, 4,370 employees from 596 partner companies received training, with plans to expand the number of participants to over 6,500 by the end of the year.
At the event, awards were also presented to 10 partner companies that achieved outstanding results in the fields of procurement, quality, security, and ESG (environmental, social, and governance).
Hyundai Rotem President Lee Yong-bae said, "We can only achieve Hyundai Rotem's goals by growing together with our suppliers. We hope you will continue to be a reliable partner with us in the future."
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