KIND

KIND Holds Conference to Spread K-City Network Performance

KIND Holds Conference to Spread K-City Network Performance - 2025 K-City Network Planned Project Report Meeting and MOU signed with Hyundai Motor Group for joint development of overseas smart cities - The Korea Overseas Infrastructure & Urban Development Corporation (CEO Kim Bok-hwan, hereinafter KIND) held the "2025 K-City Network Planned Project Report and Corporate Meeting" as a side event of the World Smart City Expo (WSCE 2025) held in BEXCO, Busan on July 17. The event was hosted by the Ministry of Land, Infrastructure and Transport and organized by KIND. About 100 people attended, including Yoon Jong-bin, head of the urban economy division at the Ministry of Land, Infrastructure and Transport, KIND Jeong Ki-chul, head of the investment management division at KIND, Lee Jae-yong, head of Hyundai Motor Group's smart city promotion office, Uzbekistan's Innovation and Development Administration, and Pharmaceutical Industry Development Administration, Indonesia's Ministry of Interior, West Java, and Bacor City Hall in the Philippines. At the briefing session, the main contents of three projects, ▲ Uzbekistan's Tashkent Smart Biocluster, ▲ Indonesia's Bandung Smart Town, and ▲ Philippines' Bakorsi Smart City, were introduced and future investment opportunities were introduced. At the following meeting, active discussions were held on how to improve commercialization, expand participation in domestic companies, and strategies to spread K-City Network performance. Prior to the event, KIND and Hyundai Motor Group signed a "Work Agreement (MOU) for Joint Development of Overseas Smart City Business." Based on this agreement, the two companies will start to find joint projects for overseas expansion of Korean-style smart cities that combine new technologies in the future mobility, logistics and energy sectors, and will also work to establish a foundation for public-private cooperation to strengthen global market competitiveness. "This event was an important opportunity to create K-City Network results together by reflecting the actual demand of partner countries and domestic companies," a KIND official said. "We will continue to connect partner countries and domestic companies through cooperation between governments, and actively support the overseas expansion and commercialization of Korean smart cities."

KIND to Begin Super Solar Power Project worth KRW 750 Billion in Texas, U.S

KIND to Begin Super Solar Power Project worth KRW 750 Billion in Texas, U.S - Investment in a solar power generation project that is four times the size of Yeouido to support Korean companies to develop the U.S. renewable energy market. - The Korea Overseas Infrastructure & Urban Development Corporation (CEO Kim Bok-hwan, hereinafter KIND) announced on July 10 that it began construction of a 750 billion won super-sized solar power project in the U.S. through "One Team Korea" consisting of public enterprises, private companies, and policy funds. This project is to build a 455MWdc solar power plant in the Concho area in central Texas and sell electricity, and is an ultra-large renewable energy project four times the size of Yeouido. KIND participated from the development stage of this project and helped it serve as a link to maximize the capabilities of the public and private sectors. In particular, it took more than two years from the acquisition of the business right in 2023 to the start of construction, and when a crisis such as investor change occurred, it decided to invest in subordinated loans through local financing and played a major role in achieving the start of construction work. CEO Kim Bok-hwan said, "The success of the construction of the super-large new and renewable energy project in the developed U.S. market with KIND's support is a feat that has taken One Team Korea's competitiveness to the next level." "KIND, the only foreign investment development agency in Korea, will provide customized support as a central axis for One Team Korea whenever Korean companies experience difficulties in investment development projects."