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Hyundai Rotem is a South Korean industrial group (part of Hyundai Motor Group, KOSPI: 064350) operating two distinct heavy-industry lines: a rail rolling-stock business (KTX high-speed trains, GTX commuter rail, urban metro cars, light rail, and a newly-deployed hydrogen fuel-cell tram for Daejeon Metro Line 2), and a land-systems defence business built around the K2 "Black Panther" main battle tank and the K808 wheeled armoured personnel carrier.
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 1 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
August 2022 executive contract for an initial 180 K2 'Black Panther' main battle tanks (~$3.7bn), the first tranche under the July 2022 PGZ framework agreement covering up to 1,000 K2/K2PL tanks; this batch's deliveries completed 2026.
Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.
Every exposure is read as a buyer dependency; the top 3 are its binding chokepoints.
Dossier discloses a dysprosium, terbium or samarium material exposure directly — A61 §1(2) names Dy/Tb-containing NdFeB and SmCo magnets by element.
A61's suspension (Announcement 70) lapses 10 Nov 2026 — on the plain text, controls revive automatically. The US DoD CN/RU/IR/KP sourcing bar follows 1 Jan 2027. See the underlying extraterritorial export-control action. We supply the provenance file; we never compute your ratio for you.
As a buyer, policy pressure across its consumed materials is rising.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
No actions in the register have named or swept this company in the last 24 months.