KIND

KIND Forms ‘Team Korea’ to Drive Entry into Global Urban Development Projects

- Signs MOU with Hyundai Engineering & Construction and KIRA to strengthen cooperation in global urban development -

At the headquarters of Korea Investment Real Asset Management in Yeouido, Seoul, (from left) Won Byung-chul, Head of Project Development Division at KIND; Kim Kyung-soo, Head of Global Business Division at Hyundai Engineering & Construction; Kim Yong-sik, CEO of Korea Investment Real Asset Management; and Kim Young-hoo, Chief Investment Officer of Korea Investment Real Asset Management pose for a commemorative photo after signing a “Comprehensive MOU to Strengthen Competitiveness in Global Real Estate Development.”

The Korea Overseas Infrastructure & Urban Development Corporation (KIND), led by President and CEO Kim Bokhwan, is joining forces with private companies and financial institutions to comprehensively support Korean firms in strengthening their presence in the global urban development market.

On February 27, 2026, KIND announced that it signed a Memorandum of Understanding (MOU) with Hyundai Engineering & Construction and Korea Investment Real Asset Management (KIRA) at the Park One building in Yeouido, Seoul, to enhance competitiveness in global urban development projects.

The agreement aims to maximize the competitiveness of “Team Korea” in the global market by combining KIND’s policy support and risk management capabilities in the public sector with the private sector’s expertise in engineering, procurement, and construction (EPC) as well as financial structuring.

Under the agreement, the three organizations will begin detailed reviews for joint investment and development in overseas projects worth approximately KRW 1.2 trillion across key global markets, including the United States, New Zealand, Australia, and Bulgaria. The target projects encompass a wide range of high-value investment-driven urban development projects, including residential development, rental operations, and remodeling.

In particular, KIND will serve as a bridge in this public–private partnership framework. Specifically, it plans to provide financial investment participation, support for securing project rights through government-to-government (G2G) cooperation, and advisory services on financial structuring. These efforts are expected to reduce uncertainties in overseas markets that private companies may find difficult to enter independently and enhance project stability.

Hyundai Engineering & Construction will act as a strategic investor, ensuring technical credibility through construction and construction management (CM), while KIRA will design optimal financing structures by leading financial arrangements and asset management, thereby creating strong synergy between the public and private sectors.

A KIND official stated, “This agreement will serve as an opportunity to showcase a successful investment-development model that combines the policy support capabilities of a public institution with the advanced technical and financial strengths of the private sector to the global market. We will continue to act as a catalyst to help Korean companies generate high value-added returns in urban development projects.”

KIND also plans to expand the scope of cooperation and target countries going forward, supporting Korean companies’ overseas expansion in line with the global shift from traditional contract-based projects to investment-driven urban development models.