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Hyundai Rotem
Hyundai Rotem Company, often referred to as Hyundai Rotem (), is a South Korean manufacturer of railway rolling stock, railway signalling, defense products and plant equipment. It is a member of Hyundai Motor Group and has presence in more than 50 countries worldwide. As of 2023, Hyundai Rotem has more than 3,900 employees. History As part of the Government of South Korea, government-led restructuring in the wake of 1997 Asian financial crisis, Korea Rolling Stock Corporation (KOROS, ) was founded on 1 July 1999 as a result of the merger between three major rolling stock divisions of Hanjin Heavy Industries, Daewoo Heavy Industries, and Hyundai Mobis, Hyundai Precision Industry. In 2000, Hyundai Precision Industry sold its defence and plant businesses to KOROS, effectively making KOROS an affiliate company of Hyundai Motor Company. Hyundai Precision Industry was renamed as Hyundai Mobis in the same year. In August 2001, in an aftermath of Daewoo Group's dissolution, Daewoo He ...
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Uiwang
Uiwang (; ) is a city in Gyeonggi Province, South Korea. It is one of many satellite cities that ring Seoul, making up the Seoul Capital Area. Its largest immediate urban neighbor is Anyang. The low peaks of the Gwangju Mountains (including Moraksan) shape the local landscape. Rail transportation is important in Uiwang, which is home to the Korean Railroad Museum and Korea National Railroad College. Seoul Subway Line 1 passes through the city, as does the Gyeongbu Line. In addition, a terminal of Hanjin container shipping is located here. Geography Uiwang lies just south of Seoul. It is bounded to the east by Baegunsan (), Barasan (), the lower slopes of Cheonggyesan (), and Maebongsan (); to the south by the city of Suwon, to the west by Ansan, Gunpo, and Anyang; and to the north by Gwacheon. There are two noteworthy reservoirs in the city: Baegun Lake () at the foot of Baegunsan, and Wangsong Lake (), by the border with Suwon. Baegun Lake has a number of foreign restaur ...
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Railway Signal
A railway signal is a visual display device that conveys instructions or provides warning of instructions regarding the driver's authority to proceed. The driver interprets the signal's indication and acts accordingly. Typically, a signal might inform the driver of the speed at which the train may safely proceed or it may instruct the driver to stop. Application and positioning of signals Originally, signals displayed simple stop or proceed indications. As traffic density increased, this proved to be too limiting and refinements were added. One such refinement was the addition of distant signals on the approach to stop signals. The distant signal gave the driver warning that they were approaching a signal which might require a stop. This allowed for an overall increase in speed, since train drivers no longer had to drive at a speed within sighting distance of the stop signal. Under timetable and train order operation, the signals did not directly convey orders to the tr ...
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Daewoo Group
Daewoo ( ; ; ; ; literally "great universe" and a portmanteau of "''dae''" meaning great, and the given name of founder and chairman Kim Woo-choong) also known as the Daewoo Group, was a major South Korean chaebol (type of conglomerate) and automobile manufacturer. It was founded on 22 March 1967 as Daewoo Industrial and was declared bankrupt on 1 November 1999, with debts of about US$50 billion (equivalent to $ billion in ). Prior to the 1997 Asian financial crisis, Daewoo was the third largest conglomerate in South Korea, behind the Hyundai Group and Lucky-Goldstar (later became LG Corporation). There were about 20 divisions under the Daewoo Group, some of which survived as independent companies. History Beginning and development The Daewoo Group was founded by Kim Woo-choong in March 1967. He was the son of the Provincial Governor of Daegu. He graduated from the Kyonggi High School, then finished with an Economics Degree at Yonsei University in Seoul. During the 1 ...
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KBS World
KBS World () is the international broadcasting division of the South Korean broadcast television network Korean Broadcasting System. The division operates KBS World TV, KBS World Radio, and . History The foreign-language radio broadcast from KBS (before its restructure into a public broadcaster in March 1973) was started as "The Voice of Free Korea" in 1953. It officially became a part of KBS in July 1968. The station was renamed Radio Korea in March 1973, and then Radio Korea International in August 1994. In July 2003, KBS World, an international television channel aimed at Koreans abroad, started broadcasting. In March 2005, Radio Korea International became KBS World Radio. Most of the programs are subtitled for the audience they are broadcast to, in languages such as English, Chinese, Malay, Vietnamese, and Indonesian. Services Radio KBS World Radio is South Korea's sole foreign language promotional broadcast for the entire world. Its programming features news, cultu ...
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Daewoo Heavy Industries
Doosan Enerbility Co., Ltd., (a combination of words Energy and Sustainability) formerly known as Doosan Heavy Industries, is a heavy industrial company headquartered in Changwon, South Korea. It was established in 1962. Its business includes manufacturing and construction of nuclear power plants, thermal power stations, turbines and generators, desalination plants, castings, and forgings. History In 1962, Doosan Heavy Industries & Construction Co., Ltd, formerly known as Korea Heavy Industries and Construction Co., Ltd, was founded by Doosan Group. In 1999, Doosan Heavy Industries & Construction was integrated with several other domestic power industries. In 2000, Doosan Heavy Industries & Construction went public and was listed on the Korean stock market. In 2001, Korea Heavy Industries and Construction Co., Ltd was renamed as Doosan Heavy Industries & Construction Co., Ltd. The company was ranked first in global desalination market and selected as "Global Product". In 2 ...
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1997 Asian Financial Crisis
The 1997 Asian financial crisis gripped much of East Asia, East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid, and worries of a meltdown quickly subsided. Originating in Thailand, where it was known as the ''Tom yum, Tom Yum Kung crisis'' () on 2 July, it followed the financial collapse of the Thai baht after the Thai government was forced to floating currency, float the baht due to lack of list of circulating currencies, foreign currency to support its currency fixed exchange rate, peg to the U.S. dollar. Capital flight ensued almost immediately, beginning an international chain reaction. At the time, Thailand had acquired a burden of foreign debt. As the crisis spread, other Southeast Asian countries and later Japan and South Korea saw slumping currencies, ...
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Mirae Asset Financial Group
Mirae Asset Financial Group () is a South Korean multinational financial services company headquartered in Seoul, South Korea. Mirae Asset provides comprehensive financial services including asset management, wealth management, investment banking, and life insurance. Mirae Asset was founded by Hyeon Joo Park in 1997 and introduced the first mutual funds to Korean retail investors in 1998. On a global consolidated basis, the total group’s client assets exceed US$550 billion (as of December 2020). Mirae Asset has a global presence in Australia, Brazil, Canada, Mainland China, Hong Kong, Colombia, India, Indonesia, Japan, Korea, Mongolia, Singapore, the United Kingdom, the United States, and Vietnam. Harvard Business School selected Mirae Asset Financial Group as its first Asian financial company case study in 2010, under the title “Mirae Asset: Korea’s Mutual Fund Pioneer". Seoul National University also selected Mirae Asset Financial Group as one of their case studies, "Mir ...
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Government Of South Korea
The government of South Korea () is the national government of the Republic of Korea, created by the Constitution of South Korea as the executive, legislative and judicial authority of the republic. The president acts as the head of state and is the highest figure of executive authority in the country, followed by the prime minister and government ministers in decreasing order. The Executive and Legislative branches operate primarily at the national level, although various ministries in the executive branch also carry out local functions. Local governments are semi-autonomous and contain executive and legislative bodies of their own. The judicial branch operates at both the national and local levels. The South Korean government's structure is determined by the Constitution of the Republic of Korea. This document has been revised several times since its first promulgation in 1948 (for details, see History of South Korea). However, it has retained many broad characteristics; wit ...
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Railway Signalling
Railway signalling (), or railroad signaling (), is a system used to control the movement of railway traffic. Trains move on fixed rails, making them uniquely susceptible to collision. This susceptibility is exacerbated by the enormous weight and inertia of a train, which makes it difficult to quickly stop when encountering an obstacle. In the UK, the Regulation of Railways Act 1889 introduced a series of requirements on matters such as the implementation of interlocked block signalling and other safety measures as a direct result of the Armagh rail disaster in that year. Most forms of train control involve movement authority being passed from those responsible for each section of a rail network (e.g. a signalman or stationmaster) to the train crew. The set of rules and the physical equipment used to accomplish this determine what is known as the ''method of working'' (UK), ''method of operation'' (US) or ''safe-working'' (Aus.). Not all these methods require the use of p ...
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Rolling Stock
The term rolling stock in the rail transport industry refers to railway vehicles, including both powered and unpowered vehicles: for example, locomotives, Railroad car#Freight cars, freight and Passenger railroad car, passenger cars (or coaches), and Railroad car#Non-revenue cars, non-revenue cars. Passenger vehicles can be un-powered, or self-propelled, Railcar, single or Multiple unit, multiple units. In North America, Australia and other countries, the term consist ( ) is used to refer to the rolling stock comprising a train, a list containing specific information for each car of a train, or a group of locomotives. In the United States, the term ''rolling stock'' has been expanded from the older broadly defined "trains" to include wheeled vehicles used by businesses on roadways. The word ''stock'' in the term is used in a sense of inventory. Rolling stock is considered to be a liquid asset, or close to it, since the value of the vehicle can be readily estimated and then ship ...
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EUROTEM
EUROTEM, alternatively Hyundai EURotem, is a joint enterprise between Hyundai Rotem of South Korea and TÜVASAŞ and ASAŞ of Turkey which was founded in 2006Presentation of the Rail Transport - Turkey
Tevfik Muhammed YEŞİLÇAM (TCDD) 21/11/2008 Page 29, ''www.euromedtransport.org''
and started production in December 2007. The Hyundai EURotem factory in , Turkey, was built as the ''Hızlı Tren Fabrikası'' (High-Speed Train Factory) with the purpose of manufacturing the next generation of Turkey's