This paper presents a procedure and an analysis method to evaluate reliability of the Korea high-speed train. The rolling stock system is divided into 6 sub-systems and each subsystem is classified into sub-assemblies. Functional analysis has been conducted to draw reliability block diagrams for the sub-systems. First, failure rates has been calculated for each sub-assembly from the failure data obtained during commissioning tests. Then a reliability block diagram is used to evaluate the MKBF(Mean Kilometers Before Failure) of the sub-systems. Activities to increase reliability have been carried out throughout the test runs and analysis results show that the reliability of the rolling stock system is gradually growing in time.