Hyundai Rotem Company, founded in 1977, has become one of the global top-notch total railway systems providers in a short period of time based on its world-class technology and quality. Not saitsfied, we have evolved into a total heavy industry company; as the nation's only tank maker, we have also solidified our position as a defense systems company by developing and producing various tanks, including the K1, the nation's first main battle tank and the K1A1, the main battle tank of the Korean army, and also stretched our business to the plant and machinery industry for building infrastructures for steelmaking, automobile and power generation.
In order to proactively respond to the growing global demand and changing market environment, Hyundai Rotem Company has spurred the commercialization of cutting-edge green railway vehicles, such as magnetically levitated vehicles and hybrid low-floor trams, while striving to penetrate into the global market for system engineering and electrical equipment and turnkey business including maintenance and operation. Our defense division, selected one of the global top 100 defense companies, has succeeded in developing the K2 MBT, one of the world's most powerful tanks, and is about to deploy the model in the nation. Recognized for our technical excellence at home and abroad as a leading tank maker opening a new opportunity to enter the global market. Hyundai Rotem is also solidifying its position as a global engineering company by carrying out various turnkey projects for steelmaking, automotive, environment and generation facilities on the basis of EPC system. Even at this moment, we are making our enthusiastic efforts to make the leap toward the world's best total heavy industry company.
The Railway business plans to contribute to the development of the nation's railway industry based on its experience in the domestic market, while continuing to expand its presence to emerging overseas markets to become a global brand. The Defense business plans to realize continuous growth by developing future unmanned weapon systems, such as unmanned armored combat vehicles and small field robots, and expanding its aerospace future weapon system business. Lastly, the Plant business is determined to make the leap into a global top-notch heavy industry company leading the global market by expanding the customer base of the business and the EPC business based on manufacturing.
Hyundai Rotem is the company that develops technology for humans and integrates high-tech industries with the safety and happiness of the people as the top priority. Hyundai Rotem is also starting a new challenge that strengthens human mobility, such as wearable robots, so that anyone can engage in safe activities not only in industrial sites but also in individual daily life.