KIND

KIND Signs Master Framework Agreement (MFA) with Indonesia’s Sovereign Wealth Fund INA

Laying the foundation for joint investment in Indonesian infrastructure and urban development projects by Korean companies

The Korea Overseas Infrastructure & Urban Development Corporation (KIND, President & CEO Kim Bok-hwan) announced on June 10 that it signed a Master Framework Agreement (MFA) with the Indonesia Investment Authority (INA), Indonesia’s sovereign wealth fund, to strengthen investment support for Korean companies pursuing infrastructure and urban development projects in Indonesia.

Building on this agreement, KIND plans to actively support Korean companies’ expansion into Indonesia by pursuing various forms of investment cooperation with INA, including the establishment of a joint investment fund. To this end, the two organizations will establish an investment consultative body and begin full-scale reviews of investment opportunities in Indonesian projects being pursued by Korean companies.

INA is Indonesia’s sovereign wealth fund, established in 2021 by the Indonesian government to support long-term and sustainable economic growth and foster strategic industries through the attraction of domestic and foreign investment. INA currently manages approximately USD 8.3 billion (KRW 12 trillion) in assets and invests in a wide range of infrastructure projects across Indonesia, including highways, container terminals, geothermal power plants, data centers, and hospitals.

Through this agreement, KIND and INA have agreed to strengthen investment cooperation across a broad range of sectors, including energy, infrastructure, and urban development, while further reinforcing the foundation for Korean companies to expand their presence in the Indonesian market.

Kim Bok-hwan, President & CEO of KIND, stated, “Indonesia is one of the largest infrastructure markets in Southeast Asia and a key partner country where opportunities for Korean companies continue to expand. Through the joint investment cooperation between KIND and INA, Korean companies are expected not only to secure stable sources of investment capital but also to leverage INA’s extensive local network.”

He added, “KIND will continue to expand cooperation with sovereign wealth funds and state-owned banks around the world to diversify investment resources for overseas projects led by Korean companies. We remain committed to strengthening support for Korean enterprises through global investment attraction and partnership.”