KIND

KIND Fully Revises Human Rights Management Charter

KIND Fully Revises Human Rights Management Charter– Strengthening Efforts to Establish a Human Rights-Centered Organizational Culture – The Korea Overseas Infrastructure & Urban Development Corporation (KIND, President Bokhwan Kim) announced on the 12th that it has proclaimed a fully revised Human Rights Management Charter to clearly demonstrate its commitment to the practice of human rights management, reflecting changes in the domestic and international human rights management environment. The revised Charter incorporates provisions on human rights policies across the supply chain, environmental protection and the sustainable use of resources at home and abroad, the pursuit of fairness and equality, and proactive efforts for remedy procedures and preventive measures. In particular, KIND refined and updated its vision and founding purpose in line with changing times, while also striving to reflect the core values emphasized by its domestic and international business partners and key stakeholders. In the course of revising the Charter, KIND collected a wide range of opinions not only from its employees but also from various stakeholders. The revision process referenced human rights materials from the National Human Rights Commission of Korea and included consultations with external experts. The final version of the Charter was confirmed through deliberation by KIND’s Human Rights Management Committee.The revised Human Rights Management Charter will be actively communicated and shared with both internal and external stakeholders through its official proclamation, the announcement of implementation guidelines, and disclosure on KIND’s website. President Bokhwan Kim stated, “As a public institution leading overseas investment and development projects and operating on the trust and support of the public, the government, and businesses, it is essential for KIND to establish a management system that places human rights as its highest priority.” KIND will continue its efforts to entrench a human rights-centered organizational culture, strengthen systems for preventing human rights violations, and ensure prompt remedial actions in the event of violations, with the Human Rights Management Committee playing a central role.

KIND Enters the Australian Energy Market for the First Time with a Korean Consortium

KIND Enters the Australian Energy Market for the First Time with a Korean Consortium- Participating in a 100 MW Battery Energy Storage System (BESS) Project in Queensland in Partnership with Korean Companies and Financial Institutions -- Creating a Platform for Korean Companies’ Entry into the Energy New Industry through EPC and O&M Contracts - The Korea Overseas Infrastructure & Urban Development Corporation (KIND, President Bokhwan Kim) announced that it has signed investment and project participation agreements for a 100 MW Battery Energy Storage System (BESS) project to be developed in the Tangkam area of Queensland, Australia. This project marks KIND’s first entry into the Australian market and aligns with the Australian government’s active policy to expand energy storage capacity in response to the rapid growth of renewable energy and increasing demand for power grid stability. The project involves the construction and operation of a 100 MW BESS facility in the Tangkam area near Toowoomba, approximately 160 km west of Brisbane, with an operational period of approximately 20 years. KIND is participating in the project as a co-investor alongside the Plant, Infrastructure, and Smart City (PIS) Policy Fund and Korean financial institutions. Korean companies will undertake the engineering, procurement, and construction (EPC) as well as operation and maintenance (O&M) of the facility. The total value of overseas contracts awarded to Korean companies is estimated at approximately USD 100 million (KRW 147 billion), and the project is expected to serve as a gateway for Korean companies’ full-scale entry into the Australian energy market. The project is particularly significant as it represents a joint entry by Korean companies, including domestic financial institutions and asset managers, into Australia—an emerging strategic market. It also stands as a representative success case of an “investment-driven overseas development project” model. By going beyond a construction-only approach, the project encompasses development, equity investment, and operation, thereby realizing a comprehensive K-content-based project structure. President Bokhwan Kim of KIND stated, “This Australian BESS project is not only KIND’s first project in Australia, but also a model case of collaboration between a Korean public institution and private companies in the energy storage sector.” He added, “KIND will continue to proactively expand its presence in renewable and low-carbon infrastructure sectors in line with global energy transition trends, while further promoting the K-content model that integrates Korean technological and financial capabilities.” Building on this project, KIND plans to strengthen its project pipeline in the Oceania region, including Australia, and actively promote public-private joint investment development projects, thereby contributing to the enhancement of Korean companies’ competitiveness in overseas market entry and construction orders.

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.”