Hyundai Rotem's Taiwan Rail Contract Is 5.9% of Last Year's Revenue
A ₩344.5 billion supply contract with Taiwan's Taoyuan Department of Rapid Transit Systems runs through October 2034 — eight years, filed the same day as two other same-industry disclosures.
AI-assisted, human-reviewed sourcing. Figures are pulled programmatically from the official sources listed at the end of this article and checked by an editor before publication.
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Hyundai Rotem (KRX: 064350) filed a single sale/supply contract disclosure with Korea’s Financial Supervisory Service on 23 September, 2026, naming Taiwan’s Taoyuan Department of Rapid Transit Systems as the counterparty. The contract amount, stated in the filing itself, is 5.9% of the company’s most recent annual revenue.
The filing, as stated
| Field | Value |
|---|---|
| Contract amount | ₩344,500,969,560 |
| Most recent annual revenue (filing’s own figure) | ₩5,839,031,553,013 |
| Ratio | 5.9% |
| Counterparty | Department of Rapid Transit Systems, Taoyuan (Taiwan) |
| Contract start | 19 August 2026 |
| Contract end | 4 October 2034 |
The ratio in the table is the filing’s own disclosed percentage — we recomputed it independently from the two raw figures in the same document and it matches to one decimal place.
An eight-year window, not a single delivery
The contract runs from 19 August 2026 to 4 October 2034, just over eight years. Korea’s disclosure rules require this kind of filing once a single contract crosses 2.5% of a company’s most recent revenue; this one clears that bar more than twice over. The filing does not provide a year-by-year delivery or revenue-recognition schedule, so we cannot say how the ₩344.5 billion lands across those eight years.
What the filing does not resolve
The disclosure references an earlier, related filing from 28 July 2026 described as “investment-judgment related” — Korean disclosure practice often has a preliminary announcement followed later by a formal signed-contract filing. We did not open that July filing for this piece, so we cannot say whether today’s disclosure is the first public confirmation of new business or the contract-execution step of something already flagged two months ago.
This is not investment advice. Figures are drawn from official regulatory filings and are presented for data-quality reporting, not as a trading signal.
Data & Verification Notes
- Data as of
- Sources
- Financial Services Commission (Republic of Korea) / DART — Single sale/supply contract filing, rcept_no 20260923800386, filed 23 September 2026
- Cross-checks
- Contract amount stated in the filing: ₩344,500,969,560. Most recent annual revenue stated in the same filing: ₩5,839,031,553,013. ₩344,500,969,560 / ₩5,839,031,553,013 = 5.90%, matching the filing's own stated ratio of 5.9%.
- Counterparty named in the filing: Department of Rapid Transit Systems, Taoyuan (Taiwan) — a foreign government transit authority, not a Korean domestic buyer.
- Contract period stated in the filing: start 19 August 2026, end 4 October 2034 — just over eight years.
- The filing references a related earlier disclosure dated 28 July 2026 (investment-judgment related), which we did not separately open for this piece.
- Excluded figures
- Whether this is a new award or the formal contract-signing step following the 28 July related disclosure — the filing does not state which, and we did not cross-check the July filing's content.
- Any currency conversion detail (the amount is stated in KRW only in this filing) or scope breakdown of the rail work itself.
- Revenue recognition timing over the eight-year period — the filing states start/end dates only, not a schedule.
- Instruments
- 064350
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