KIND

KIND, 'Team Korea' Leader, Enters the European Combined Heat and Power (CHP) Market

KIND, 'Team Korea' Leader, Enters the European Combined Heat and Power (CHP) Market- Covering the Entire Project Lifecycle, from Feasibility Studies to Equity Investment in CHP Projects -- Driving EPC Participation and Investment by Korean Companies in European Development-Type Projects - The Korea Overseas Infrastructure & Urban Development Corporation (KIND, President Kim Bok-hwan) announced that it has participated as an investor in a combined heat and power (CHP) plant project currently being developed in Central and Eastern Europe, thereby supporting the entry of Korean mid-sized EPC company BHI into the European energy infrastructure market and facilitating its overseas project awards. The project aims to construct and operate an environmentally friendly, high-efficiency combined heat and power plant that simultaneously generates electricity and heat using natural gas as fuel. With a capacity of 110 MW of electricity and 90 MW of heat, the plant is expected to replace an aging thermal power facility and contribute to the stable supply of electricity and district heating to up to 400,000 households. In order to move beyond the conventional overseas construction model centered on simple contracting and to lead high value-added overseas construction through investment-driven development projects, KIND provided integrated support across the entire project lifecycle—from project identification and development to investment. Through this effort, KIND enabled BHI not only to secure overseas construction contracts exceeding USD 300 million, but also to participate in equity investment. As part of this initiative, KIND and BHI signed a Memorandum of Understanding (MOU) on cooperation in CHP projects in 2023. KIND further supported BHI’s entry into the European energy market by providing feasibility study consulting, including local market analysis as well as strategies for market entry and project structuring. In particular, by participating in the project as the largest shareholder, KIND has enhanced the project’s credibility and stability to a level that enables large-scale financing. KIND is currently working with a group of lenders, including Korean commercial banks, with the goal of signing the loan agreement in the first quarter of next year and commencing construction thereafter. The project is also significant in that KIND has established a stable partnership with a global environmental and utilities company, which is expected to co-invest in the project, thereby expanding opportunities for participation in infrastructure development projects across Europe. Building on this momentum, KIND plans to further expand its participation in ESG-based infrastructure development projects in Europe and to continuously strengthen its portfolio of investment-driven development projects that enable joint participation by Korean construction companies and power equipment manufacturers. President Bokhwan Kim of KIND stated, “Europe is a leading market in energy transition and environmentally friendly infrastructure, and its institutional stability allows for high value-added infrastructure investment. This project is particularly meaningful in that it has created opportunities for bilateral cooperation in the energy sector.” He added, “Building on this project, ‘Team Korea,’ led by KIND, will actively participate in the European energy market and take the lead in expanding overseas construction orders and infrastructure investment opportunities for Korean companies.”

KIND Signs MOU with the Government of Kazakhstan on Alatau AI and Smart City Development

KIND Signs MOU with the Government of Kazakhstan on Alatau AI and Smart City Development– Establishing a Cooperative Framework to Support the Entry of Korean AI Technologies and Solutions into Kazakhstan – Korea Overseas Infrastructure & Urban Development Corporation (KIND, President Kim Bok-hwan) announced that on December 11, it signed a Memorandum of Understanding (MOU) for cooperation on the Alatau Smart City development project with the Ministry of Industry and Construction of Kazakhstan and the Alatau City Authority State Fund (ACA) in Astana, Kazakhstan, in the presence of Kanat Bozumbayev, Deputy Prime Minister of Kazakhstan. The signing of this MOU follows up on the “Alatau Rise with Kazakhstan” roadshow held in Seoul last October. Through this meeting, the two sides held in-depth discussions on ▲directions for cooperation in the development of the Alatau Smart City ▲sharing project information and conducting joint project reviews ▲measures to expand participation by Korean companies. Deputy Prime Minister Kanat Bozumbayev stated, “The Alatau Smart City is a large-scale national project that encompasses not only residential and industrial complex development, but also strong demand for core urban infrastructure such as energy, water and sewage systems, and waste management,” adding that he “welcomes the active participation of Korean companies with extensive experience and advanced technologies in infrastructure development.” He also expressed strong commitment to expanding practical cooperation between the two countries. Building on its accumulated experience in overseas infrastructure investment and development, KIND plans to work closely with the Ministry of Industry and Construction of Kazakhstan and ACA to facilitate substantive cooperation, including information sharing and joint reviews of Alatau Smart City-related projects. Through this MOU, KIND aims to further strengthen the cooperative framework for the Alatau Smart City development, expand overseas market opportunities for Korean companies in the infrastructure and smart city sectors, and establish a mutually beneficial cooperation model that contributes to Kazakhstan’s sustainable urban and infrastructure development. President Kim Bok-hwan of KIND remarked, “For the successful implementation of the Alatau Smart City project, it is essential to establish a systematic foundation across all stages, including legal and institutional frameworks, organizational structures, planning systems, investors, and project operators,” and added, “We hope that this MOU for smart city development will lead to tangible project implementation utilizing Korean AI technologies and solutions, expanding from government-to-government (G2G) cooperation to business-to-business (B2B) collaboration.”

KIND and Hyundai Rotem Sign MOU for Joint Development of Overseas Projects and Mutual Cooperation

KIND and Hyundai Rotem Sign MOU for Joint Development of Overseas Projects and Mutual Cooperation Korea Overseas Infrastructure & Urban Development Corporation (KIND, President Bok-hwan Kim) announced that it signed a Memorandum of Understanding (MOU) with Hyundai Rotem Company, a global railway solutions provider, on December 16 to jointly develop overseas railway projects and strengthen mutual cooperation. This MOU was concluded in response to the growing global demand for railway infrastructure and the increasing number of new railway project tenders worldwide. By combining KIND’s expertise in overseas infrastructure project development with Hyundai Rotem’s comprehensive technological capabilities across the entire railway sector—including rolling stock, signaling, and power systems—the two organizations aim to enhance their competitiveness in the global market. In particular, Public-Private Partnership (PPP) project delivery models have been expanding rapidly in overseas railway markets. As government budgets alone are increasingly insufficient to meet large-scale railway infrastructure demand, PPP models—which integrate private capital and operational expertise—are emerging as a viable alternative that improves both fiscal efficiency and project feasibility. KIND plans to contribute its expertise in project structuring, risk management, and investment support across all stages of PPP projects, while Hyundai Rotem will leverage its advanced rolling stock and rail solution design and manufacturing technologies, as well as its operational experience, to create strong synergies. Under the MOU, the two parties will expand cooperation across a wide range of areas, including: ▲ mutual exchange of information related to overseas projects (overseas railway rolling stock projects and related rail solution businesses); ▲ joint identification and development of promising overseas railway projects; ▲ provision of joint equity participation and investment opportunities in overseas projects; and ▲ joint development of priority projects. President Bok-hwan Kim of KIND stated, “Railway PPP projects represent a rational project delivery approach that takes into account the fiscal capacity of governments, and they also constitute an important field in which Korean companies can create new opportunities in the global market.” He added, “Through this MOU, KIND will work closely with Hyundai Rotem to actively identify overseas railway PPP projects and take the lead in structuring optimal project implementation models.” Following the signing of the MOU, KIND and Hyundai Rotem plan to actively pursue joint projects, focusing on regions where the two organizations have already established cooperative relationships, including Asia, the Middle East, and Europe. They also aim to respond proactively to the rapidly changing global railway market environment and evolving project structures.

KIND Conducts “Christmas Santa Support” Volunteer Activity for Youth from Multicultural Families

KIND Conducts “Christmas Santa Support” Volunteer Activity for Youth from Multicultural Families– Donations and Employee Volunteer Participation – Korea Overseas Infrastructure & Urban Development Corporation (KIND, President Bok-hwan Kim) announced that it conducted a Christmas gift-sharing volunteer activity for youth from multicultural families on December 12. The activity was carried out as part of KIND’s social contribution initiatives in cooperation with the Korea Multicultural Youth Association. The Association collected wish lists from multicultural youth in advance, while KIND supported the purchase of the requested items. In addition, KIND employees participated as volunteers, packaging the gifts and personally visiting the youth from multicultural families to deliver the presents. KIND is a public institution responsible for developing and investing in overseas infrastructure, urban development, and plant projects, and its work requires close collaboration with numerous countries and diverse cultural backgrounds. Reflecting these characteristics, KIND designated “respect for cultural diversity” and “support for children and youth” as its key focus areas for social contribution activities this year and has been actively promoting related initiatives. Accordingly, earlier this year, KIND donated KRW 2 million to local child welfare centers and carried out volunteer activities focused on maintaining clean environments, continuously expanding its social contribution efforts for children and youth. In addition, KIND is strengthening the integration of ESG factors across all aspects of its overseas project development activities and continues to identify and implement social contribution and ESG programs that align with its institutional role and expertise. A KIND official stated, “As cooperation with multicultural environments is closely linked to KIND’s business structure, support in this area represents a social responsibility that the organization must proactively fulfill,” adding, “KIND will continue to expand its social contribution activities with a focus on children and youth from multicultural backgrounds.”Going forward, KIND plans to continue creating social value as a public institution through a variety of programs, including educational support initiatives and global volunteer activities.

Korean Offshore Plant Expansion Begins! KIND Makes Its First Entry into the U.S. FLNG Market

Korean Offshore Plant Expansion Begins! KIND Makes Its First Entry into the U.S. FLNG Market-Participating in the First U.S. FLNG Project Worth 7 Trillion KRW—Leading the Era of Energy Transition--Korean Companies Expected to Secure 4.3 Trillion KRW in EPC Contracts, Boosting Local Economies and Supporting SMEs- Korea Overseas Infrastructure & Urban Development Corporation (KIND, President Bokhwan Kim) announced that on December 5 it finalized its decision to participate as an investor in a Floating Liquefied Natural Gas (FLNG) project underway in the Gulf of Louisiana, United States. Floating Liquefied Natural Gas (FLNG) facilities integrate the functions of liquefaction, storage, and loading of produced natural gas into a single offshore plant. Compared to onshore LNG terminals, FLNG places less burden on the environment, faces no site constraints, and enables direct LNG production at sea. As such, it is emerging as a next-generation LNG supply solution well-aligned with the global energy transition. In particular, the ability to liquefy and load LNG immediately near the production site enhances efficiency and cost-effectiveness, drawing significant attention from major global players. This project marks KIND’s first entry into the offshore plant sector and is considered a leading example of Korean companies proactively tapping into new global energy markets amid growing global LNG demand and the accelerating shift toward energy transition. The United States is the world’s largest LNG exporter, and the Louisiana Gulf region is known as a strategic hub with the highest concentration of LNG production and export infrastructure. The project will operate an FLNG facility approximately 76 kilometers off the Louisiana coast, producing and selling 4.4 million tons per annum (mtpa) of LNG. To ensure project stability, long-term Sales and Purchase Agreements (SPAs) have been concluded with global LNG buyers possessing strong international credit ratings, establishing a reliable revenue structure. KIND is participating in the project alongside BlackRock—one of the world’s largest asset managers—Korea’s Green Fund under the Ministry of Environment, and domestic financial institutions, helping drive contract wins for Korean companies. The FLNG facility is scheduled to be built at a Korean shipyard, with expected EPC orders for Korean firms totaling approximately USD 2.9 billion (about KRW 4.3 trillion). This is anticipated to stimulate local economies around shipyard regions, promote shared growth with small and medium-sized partner companies, and generate employment across related industries. KIND is also making concerted efforts to help Korean companies secure EPC contracts for the second and third FLNG units currently being developed under the same project. If successful, the economic impact is expected to expand even further. This investment is viewed as a representative case in which the Korean government’s policy direction—expanding economically sound U.S.-bound investment following recent bilateral trade negotiations—aligns with KIND’s overseas project development and investment strategy. KIND is actively expanding collaborative entry models in new-energy markets such as the U.S. and Australia, enabling Korean financial institutions and industry players to advance together. This project is especially meaningful as it goes beyond traditional construction-centered overseas expansion to realize an integrated investment-development model—including equity investment, project development, EPC, and operations—packaged with K-content as part of the overall project. President Bokhwan Kim of KIND emphasized, “The U.S. FLNG project is not only our corporation’s first venture into offshore plant development but also a representative success case aligned with government policy.” He added, “KIND will continue to expand the development and identification of commercially viable investment projects in the United States, pioneer new overseas energy markets to lead the era of energy transition, and support Korean companies in entering global business more actively, thereby spreading the Korean model for shared growth.”

KIND Discusses Energy and Environment Cooperation with the Government of New South Wales, Australia

KIND Discusses Energy and Environment Cooperation with the Government of New South Wales, Australia-Discussion on Expanding Cooperation and Laying the Foundation for Project Participation in Australia’s Energy Infrastructure Sector- The Korea Overseas Infrastructure & Urban Development Corporation (KIND, President Bokhwan Kim) announced that on the 5th it held a meeting with Penny Sharpe, Minister for Energy and the Environment of New South Wales (NSW), Australia, to discuss opportunities for investment and cooperation in the energy infrastructure and renewable energy sectors. The meeting was arranged as the NSW Government visited Korea to explore collaboration opportunities with Korean companies and financial institutions in the fields of hydrogen, renewable energy, and waste-to-energy. During the session, both sides engaged in extensive discussions on the status of large-scale energy projects underway in Australia and ways to expand participation by Korean construction and financial firms. KIND’s Executive Director of Business Development, Byung-Chul Won, and NSW Minister Penny Sharpe attended the meeting in person and exchanged views on the scope and direction of future cooperation. Minister Sharpe provided an overview of major energy infrastructure projects currently being implemented in NSW and highlighted private investment opportunities, expressing her commitment to continued collaboration with Korean companies and financial institutions. KIND, as a specialized organization for overseas infrastructure development, outlined opportunities to expand cooperation in the Australian and global markets. Both sides agreed to continue consultations to establish a practical foundation for collaboration, including information sharing on upcoming projects and joint project reviews. A KIND representative stated, “NSW is a market where interest from Korean companies seeking opportunities in the energy sector continues to grow, and it holds significant potential for cooperation in renewable energy, hydrogen, and energy infrastructure. Building on this meeting, we will strengthen our network with NSW and work to identify projects for potential joint participation in the future.”

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

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 projectsAs 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.”

KIND Launches 2025 Training Program for Overseas Investment and Development Professionals – Building a Foundation for Developing Specialized Global Talent

KIND Launches 2025 Training Program for Overseas Investment and Development Professionals– Building a Foundation for Developing Specialized Global Talent - The Korea Overseas Infrastructure & Urban Development Corporation (KIND, President Bokhwan Kim) conducted the “2025 Overseas Investment and Development Talent Training – Advanced Course I” over five days from Monday, the 17th, to Friday, the 21st.This course focused intensively on key subjects essential for carrying out overseas investment and development projects, including PPP (Public-Private Partnership) project structuring, project financing (PF), and risk management for overseas projects. A tiered curriculum was implemented to reflect participants’ job levels and experience, thereby enhancing training effectiveness.The program’s instructors included not only internal experts from KIND but also specialists from private-sector companies and experts in public overseas investment. This approach was designed to foster networking among professionals in the infrastructure development market and provide practitioners with access to a wider range of knowledge.Another highlight of the program was the reinforcement of field-based learning. To enhance participants’ practical understanding and on-site awareness, KIND incorporated infrastructure facility site visits into the curriculum. By going beyond theory-based instruction and offering direct exposure to real project environments, the program significantly improved experiential learning.A KIND representative stated, “Securing professional talent is crucial for the continued growth of overseas investment and development projects,” adding, “Through this training program, we aim to continuously nurture practical experts essential to the overseas investment and development ecosystem, thereby contributing to increased international investment participation and expanding overseas project orders.”

Construction Begins on KRW 4.7 Trillion Tashkent New Airport - KIND Launches Full-Scale Support for ‘K-Airport Exports'

Construction Begins on KRW 4.7 Trillion Tashkent New AirportKIND Launches Full-Scale Support for ‘K-Airport Exports' The Korea Overseas Infrastructure & Urban Development Corporation (hereinafter referred to as KIND, President Bok-hwan Kim) announced that President Kim attended the groundbreaking ceremony for the Tashkent New Airport Construction Project held in Tashkent, Uzbekistan, on October 15 (local time). This event officially marked the commencement of a large-scale overseas airport project led by Vision Invest, a Saudi Arabian infrastructure development institution, with Japan’s Sojitz Corporation, KIND, and Incheon International Airport Corporation participating as co-developers. The Tashkent New Airport project, valued at approximately KRW 4.7 trillion, aims to construct and operate a new international airport 35 kilometers south of Tashkent to address saturation at the existing airport and accommodate the city’s expansion. The project will handle 17 million passengers annually in the first phase and 54 million in the second phase, with a total operation period of 45 years. As the capital airport project of Uzbekistan, which has strong economic growth potential, it holds significant strategic advantages. In addition to the Tashkent New Airport project, KIND is supporting Korean airport operators in various overseas airport development tenders by jointly participating from the bidding stage through feasibility study assistance, proposal preparation support, and cost-sharing arrangements.KIND is collaborating with Incheon International Airport Corporation on the Urgench Airport project in Uzbekistan and two airport development projects in Montenegro, and with Korea Airports Corporation on the Luang Prabang Airport modernization project in Laos. Together with airport operators, construction companies, and design/CM firms, KIND is actively working to promote the export of “K-Airport” in the global airport PPP market. President Bok-hwan Kim stated, “The Tashkent New Airport project is a large-scale infrastructure development in Central Asia jointly promoted by companies from Korea, Saudi Arabia, and Japan, and financed by multiple Multilateral Development Banks (MDBs) and Export Credit Agencies (ECAs). It serves as an important stepping stone for expanding the presence of Korean companies in the Central Asian and global airport development markets.” He added, “KIND will continue to actively identify and support overseas investment and development projects in cooperation with various domestic companies, striving to enhance the global competitiveness of ‘Team Korea.’” As a key institution for Korea’s overseas infrastructure export strategy linked with government policy, KIND plans to continuously expand its support for Korean companies’ overseas advancement in various social overhead capital (SOC) sectors, including airports, ports, roads, and railways.

KIND Organizes Corporate Presentation on the ‘PIS Phase 2’ Fund

KIND Organizes Corporate Presentation on the ‘PIS Phase 2’ Fund- Full-scale Financial Support for Korean Companies to Commence Upon Completion of Sub-Blind Fund Formation in August- Introduction of PIS Fund Support Measures for Export-oriented Companies and One-on-One Investment Consultations The Korea Overseas Infrastructure & Urban Development Corporation (KIND, President: Kim Bok-hwan) held a corporate briefing (hereinafter referred to as the “Briefing”) on the 'Global Plant, Infrastructure, Smart City (PIS*) Phase 2 Fund' on Wednesday, September 17, for companies participating in the Global Infrastructure Cooperation Conference (GICC).* Global Plant, Infrastructure, Smart City Fund The Briefing was organized to provide detailed explanations of PIS Phase 2 investment support measures following the establishment of a KRW 700 billion sub-blind* fund in August this year, targeting Korean companies engaged in overseas investment and development projects. In addition, one-on-one investment consultations were arranged between Korean companies and fund managers to officially commence efforts to identify new PIS fund investment projects.* A structure where investors first commit capital to a fund of a certain size, after which specific projects are identified for investment. As the designated management institution for the PIS Phase 2 Fund, KIND established a parent fund in February this year, completed the formation of a sub-blind fund in August, and has also begun sequential formation of project funds with the aim of achieving the total PIS Phase 2 fund target of KRW 1.1 trillion*. Furthermore, in June, KIND successfully completed full investment of the KRW 1.5 trillion PIS Phase 1 Fund, thereby systematically creating and managing policy funds to support overseas investment and development projects.* Total KRW 1.1 trillion: Parent Fund (KRW 440 billion, comprising KRW 110 billion from government finance and KRW 330 billion from public institutions) + KRW 660 billion from private investment. Sub-funds: KRW 700 billion sub-blind fund + KRW 400 billion project funds. The event was attended by more than 100 participants, including representatives from the Ministry of Land, Infrastructure and Transport (MOLIT), businesses, and related organizations. Attendees noted that the Briefing provided an in-depth understanding of PIS fund financial support and created an opportunity to expand overseas investment and development projects. In particular, they expressed strong interest in the expanded scope of PIS Phase 2 compared to Phase 1 — including the relaxation of sector-specific investment limits across plant, infrastructure, and smart city projects, and the inclusion of equity acquisitions in ongoing projects in addition to financing new construction projects. President Kim Bok-hwan of KIND stated, “Through this PIS Phase 2 corporate briefing, we hope that many companies will be able to expand their overseas construction orders and investment development projects with the support of the PIS Fund.” He added, “Beyond the PIS Fund and the Green Fund, KIND will continue to expand the creation of diverse policy funds to further support the overseas orders and exports of Korean companies.”