Hyundai Rotem

064350.KS

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Defense and rail division of Hyundai Motor Group. Manufacturer of the K2 Black Panther main battle tank, one of the most advanced MBTs in the world, alongside rail systems and plant engineering.

Founded

1999

Headquarters

Changwon, South Korea

Employees

4,500

Revenue

$3.0B

Website

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tanks armored vehicles rail systems plant engineering

Products & Systems

K2 Black Panther

Tank

The K2 Black Panther is a next-generation main battle tank featuring an advanced autoloader, composite and ERA armor, active protection system, and a 120mm/55-caliber smoothbore gun. Selected by Poland as its new MBT with over 1,000 units ordered.

In service since 2014

Export Contracts

Contract	Buyer	Value	Status	Date
Peru K2 Black Panther & K808 Armored Vehicle Order	Peru	$1.4B	signed	Oct 29, 2025
Poland K2 Black Panther Second Implementation Contract	Poland	$6.5B	signed	Jul 2, 2025
Iraq K2ME Black Panther Tank Negotiations	Iraq	$6.5B	announced	Jun 1, 2025
Poland K2PL Domestic Production Agreement	Poland	$10.0B	signed	Jan 15, 2024
Poland K2 Black Panther MBT Order	Poland	$5.8B	in delivery	Jul 27, 2022