KIND

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.