Hyundai Rotem, the only train manufacturer in the country, has been exporting trains to some 35 countries since 1964. But it has not secured any overseas contracts for high-speed trains yet.
A key project that South Korea is eyeing is the upcoming Singapore- Malaysia HSR, which aims to connect Singapore and Kuala Lumpur in just 90 minutes with a new 324km line cutting through Malaysian towns such as Batu Pahat and Ayer Keroh.
Estimated to be worth $14.9 billion, the project was first announced in 2013 but the two countries are still discussing details and have not called for a bid.