KIND

KIND and KECO Sign MOU on Overseas Environmental Investment and Global GHG Reduction Cooperation

The Korea Overseas Infrastructure & Urban Development Corporation (KIND, President: Kim Bok-hwan), and the Korea Environment Corporation (KECO) have joined forces to jointly identify overseas environmental investment and development projects. On the 28th, the two organizations signed a Memorandum of Understanding (MOU) and agreed to strengthen collaboration in pioneering overseas environmental markets and expanding international greenhouse gas (GHG) reduction initiatives.

Under this agreement, KIND and KECO plan to enhance cooperation across various areas, including: ▲ Identifying and sharing information on public-private partnership (PPP)–based overseas environmental investment and development projects  ▲ Discovering and providing comprehensive support for international GHG reduction projects ▲ Supporting and collaborating on overseas environmental infrastructure development and joint public–private project bidding ▲ Utilizing global networks to identify and cooperate on new projects

As global efforts to address climate change and build sustainable infrastructure grow, the market for environmental PPP projects continues to expand. In particular, Korea plans to use international GHG reduction as a key measure for achieving its 2035 Nationally Determined Contribution (NDC) targets, making the discovery and activation of additional projects essential.

President Kim Bok-hwan of KIND stated, “The overseas environmental infrastructure market has become a top priority for governments facing rapid urbanization and industrialization, and many are expanding private-sector investment to overcome fiscal limitations. It is necessary to leverage PPP-driven project development to strengthen the competitiveness of Korean companies and secure stable, long-term revenue streams.”