- Information Center
- Investment News
South Korea will begin developing a new express train with the maximum speed of
500 kilometers per hour, developers said Wednesday.
The Korea Institute of Construction & Transportation Technology Evaluation and Planning said it will invest nearly 400 billion won (US$375 million) this year in 10 research and development projects that include the development of key technologies for the new bullet train.
The train, tentatively named the HEMU-500X, will be a newer, faster version of HEMU-430X, which was unveiled last year and is currently undergoing test runs for the start of passenger operations in 2016 or 2017.