The brake system of a high-speed train has a crucial role for the safety of human mass transportation. However, it is hard to acquire design parameters of the brake system in the design step of the new high-speed train. In this paper, we build a HILS (Hardware In-the- Loop Simulation) system for the brake system of the Korea High-Speed Train (KHST) that is supposed to run up to 350 km/h, and analyze the characteristics of the brake system of the KHST (composed of 7 cars) via real-time simulations. In the HILS system that is built using a DSP board of dSPACE, the dynamics of the 7 car bodies and several bogies and characteristics of springs and dampers of connection devices between cars are considered separately. Simulation results show that the designed brake system of the KHST is valid and satisfies design specifications.