KIND

△ KIND President & CEO Kim Bok-hwan (left) signed a Memorandum of Understanding (MOU) on June 25 at Seoul Square with Chairman Han Man-hee of the International Contractors Association of Korea (center) and Acting Chairman Park Jong-heum of the Korea Air Transportation Association (right) to support Korean companies in securing and developing overseas airport projects.

 The Korea Overseas Infrastructure & Urban Development Corporation (KIND), led by President & CEO Kim Bok-hwan, announced that it signed a Memorandum of Understanding (MOU) on Cooperation for Supporting Overseas Airport Project Development and Contract Awards with the International Contractors Association of Korea (ICAK) and the Korea Air Transportation Association (KATA) at Seoul Square on June 25.

 The agreement was established in response to the growing number of airport projects being procured under the Public-Private Partnership (PPP) model worldwide and aims to strengthen cooperation among the three organizations to support Korean companies entering overseas airport development markets.

 Under the partnership, KIND will leverage its expertise in project development, financing, and investment, as well as its experience in managing feasibility study support programs under the Ministry of Land, Infrastructure and Transport (MOLIT), to provide project development and investment support. ICAK will identify overseas business opportunities through its domestic and international construction networks while supporting Korean construction companies in expanding into foreign markets. KATA will contribute its aviation industry expertise and airport operation know-how. Together, the three organizations will establish a comprehensive "One Team" cooperation framework covering the entire project lifecycle—from project identification and bidding to investment, construction, and operation.

 Airport PPP projects represent high-value, integrated infrastructure developments that require seamless coordination across design, financing, construction, and operations. Success therefore depends not only on the capabilities of individual companies but also on strong collaboration that combines policy financing, airport operational expertise, and local market networks.

 KIND is currently working with Korean airport operators and global developers on airport development projects in Uzbekistan, Montenegro, and Laos, while actively exploring new opportunities across Latin America, the Middle East, and Southeast Asia.

 Under the MOU, the three organizations will jointly identify overseas airport and related infrastructure PPP opportunities and share relevant market information. They will also collect and analyze regulatory, financial, and investment information related to overseas airport projects, facilitate networking among Korean companies, and organize business meetings in promising markets. In addition, the partners will seek to expand overseas business opportunities through international conferences and joint promotional activities.

 "Global airport development projects are largely led by a limited number of experienced airport operators and investors with specialized expertise, and the competitive landscape is shaped by each participant's investment strategy and business approach," said Kim Bok-hwan, President & CEO of KIND. "KIND will continue to expand opportunities for Korean companies to participate in overseas airport development projects by selectively identifying promising markets and strengthening cooperation with airport operators and global developers."