Understanding the Value Engineering of Hyperloop Currently, we are getting ready for the 4 th transport revolution due to the appearance of new modes of transportation that are largely classified into selfdriving and driverless cars, drones, and super-highspeed rails such as hyperloop. As a result of the appearance of new transportation technology such as artificial intelligence(ai), internet of things(iot), big data, 3D printing, augmented reality(ar), advanced energy, vacuum magnetic levitation train, etc., the 4th industrial revolution is in progress. The transport revolution changes the concept as we commonly know and the nature of transportation. The new transport will bring a huge change to traffic structure, traffic system, and logistics. The new transport will drive the new renaissance of the whole society which is represented by a switch from civil engineering to intelligent, unmanned, and digitalized transportation. The appearance of a super-high-speed transport called hyperloop was started by a person' disappointment. After the State of California Gover-nment's approval of the highspeed railway construction, Elon Musk who was leading Teslar Motors, an electric car production company, and SpaceX, a space travel agency, did not agree to construct a conventional high-speed railway with lower cost efficiency in Silicon Valley, which was known as an icon of high technology and innovation. He said he did not know why they had to ride it, which was slower than the airplane, in the 21st century. Thus, he suggested the next generation transport called hyperloop. According to the proposal of a hyperloop system, it is of a type in which capsules move in a long connected tube. The capacity of the capsule used only for passengers is 28 persons and the capsule is operated every 2 minutes. In a tube under vacuum or superlow pressure, it is possible to run at a maximum speed of 1,220km/h. It is so fast that it takes only35 minutes to go 570km from Los Angeles to San Francisco. Also, the construction cost was estimated at 6 to 8 billion dollars, which is about one-tenth of that of a high-speed railway, 68 billion dollars. Like this, the suggested transport is less costly, safer, and more convenient, but there are preconditions that it should not be affected by the weather, the electric power should be supplied by itself in an eco-friendly manner, and it should be strong against earthquakes. After announcement of the proposal, the hyperloop began to grab the attention of the media. However, it was not adopted as an alternative to the high-speed railway. The media and the State of California criticized that it did not prove safety and practicability. Nevertheless, the hyperloop is still receiving attention because it incorporates a higher speed and the energy efficiency, which is one of the hot topics today. If we focus on the means of transportation, it would be possible to take a major step forward in terms of speed when compared with the existing high-speed trains. This study started from the aforementioned expectation. Even when considering technical and cost aspects, there is a high probability that it can be realized at a predictable level because the transport revolution is not something foreseen for the future but is already in progress now. To help understand the hyperloop system, this study has been reviewed from a viewpoint of value engineering. It has been scaled(v=f/c) on its values in function and cost.