KIND

KIND Moves Forward with U.S. Critical Minerals Project for Lithium and Boron Production

KIND Moves Forward with U.S. Critical Minerals Project for Lithium and Boron Production-Signs MOU on a KRW 3 trillion lithium-boron plant project in Nevada-Pursues KIND investment and Korean companies' participation in a project backed by a USD 1 billion loan approved by the U.S. Department of Energy The Korea Overseas Infrastructure & Urban Development Corporation (KIND, President Kim Bok-hwan) announced that on July 7 (local time, Washington, D.C.), it signed a memorandum of understanding (MOU) with Ioneer Ltd, an Australian critical minerals developer, to cooperate on participation in a lithium-boron plant project in Nevada, U.S., involving critical minerals. The MOU was signed to establish a foundation for cooperation on the approximately USD 2 billion lithium-boron plant project in Nevada, under which KIND will pursue an equity investment and Korean companies will seek to participate in the EPC (Engineering, Procurement and Construction) portion of the project. The project is a critical minerals plant that will produce lithium and boron in Nevada. Lithium is a key raw material for advanced industries, including electric vehicle batteries and battery energy storage systems (BESS). The project is regarded as a strategic infrastructure venture that can contribute to building a critical minerals supply chain within the United States. Notably, the project has secured a loan guarantee of approximately USD 1 billion from the U.S. Department of Energy (DOE), aligning with the U.S. government's policy drive for self-sufficiency in critical minerals and supply chain stabilization. Building on the combination of DOE financing and KIND's investment, the project is expected to secure a stable foundation for implementation, while also contributing to Korean companies' EPC participation and to securing a critical minerals supply chain. The United States has recently been actively expanding domestic production of critical minerals to strengthen energy security and the competitiveness of its advanced industries. Korea's Ministry of Land, Infrastructure and Transport (MOLIT) is likewise actively leveraging policy financing tools—including the PIS (Plant, Infrastructure and Smart City) Fund and KIND—to help Korean companies expand into the U.S. energy infrastructure market, supporting tangible overseas business results across a wide range of infrastructure sectors, including oil and gas, power generation, transmission and distribution networks, and critical minerals. This partnership represents a case of linking policy financing with the overseas business capabilities of private companies, in step with the policy directions of both Korea and the United States. KIND plans to pursue equity investment and financial support together with Korean companies' EPC participation, actively supporting the development of the U.S. critical minerals supply chain and the expansion of Korean companies into overseas infrastructure markets. In addition, as the project already has offtake agreements in place with certain Korean battery manufacturers, it is expected to have a positive effect on securing a stable critical minerals supply chain for Korean companies going forward. Through this project, KIND intends to broaden its base for participating in investment-development-type projects alongside foreign government agencies, and to actively support Korean companies in winning more overseas contracts and advancing their projects by leveraging its policy financing and investment capabilities. "This U.S. lithium-boron project is a signature example of cooperation built on Korea-U.S. energy infrastructure collaboration and policy financing linkage," said Kim Bok-hwan, President of KIND. "KIND will continue to expand its investments in strategic infrastructure in the United States and support Korean companies in making stronger inroads into critical supply chains and the energy infrastructure market."

Korea Overseas Infrastructure & Urban Development Corporation (KIND) Announces 2026 Second-Half Recruitment

Korea Overseas Infrastructure & Urban Development Corporation (KIND)Announces 2026 Second-Half Recruitment - Recruiting a Total of 19 Regular and Contract Employees The Korea Overseas Infrastructure & Urban Development Corporation (hereinafter "KIND", President Kim Bok-hwan) announced that it will accept applications for its 2026 new talent recruitment drive until July 15. The corporation plans to hire a total of 19 regular and contract employees. The open positions are as follows:· Experienced: Urban Consulting (1), Business Development for Plant (1), Business Development for Infrastructure & Plant (2), Fund Management (3)· Entry-level: General (4), Veterans (1)· Parental Leave Replacements: Information Security (1), Office Administration (1)· Research Assistants: F/S, KCN, EIPP/KSP (5) KIND conducts all of its recruitment processes based on a blind hiring system. Factors irrelevant to the job—such as age, gender, educational background, marital status, family relations, physical condition, and region of origin—will be strictly excluded from the evaluation. Assessments will focus entirely on the applicants' job-specific competencies. Notably, an AI interview system will be newly introduced for entry-level positions to further enhance objectivity and fairness. The corporation is also promoting social equity hiring. Preferential points will be awarded in accordance with relevant guidelines to applicants from socially vulnerable or underrepresented groups, including eligible veterans, registered individuals with disabilities, those from low-income or multicultural families, youths transitioning out of foster care, and women returning to the workforce. Applications will be accepted until 5:00 PM on July 15. Detailed information regarding the recruitment process is available on the official KIND website and the dedicated recruitment portal (https://kind.career.co.kr). Inquiries can be directed to the Q&A board on the recruitment portal or the call center at 02-2006-6151. "We plan to secure top-tier talent with expertise in overseas infrastructure and urban development to jointly realize the corporation's vision and goals," said an official from KIND. "We look forward to the interest and applications of highly capable candidates." KIND is a public institution under the Ministry of Land, Infrastructure and Transport (MOLIT). It serves as a specialized agency for overseas investment and development, established to support Korean companies in their overseas infrastructure and urban development projects.

Korea and the Philippines Jointly Draft Blueprint for Digital Government Infrastructure

Korea and the Philippines Jointly Draft Blueprint for Digital Government Infrastructure - Concretizing a model for building e-government cloud and data center systems through the Ministry of Economy and Finance's EIPP (Economic Innovation Partnership Program) - Discussions on expanding the Korean-style e-government model gain momentum on the occasion of the visit to Korea by the Vice Minister of the Philippines' DICT (Department of Information and Communications Technology) The Ministry of Economy and Finance (Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol), the Korea Overseas Infrastructure & Urban Development Corporation (hereinafter KIND, President Kim Bok-hwan), and the Korea Trade-Investment Promotion Agency (KOTRA, President Kang Kyung-sung) held an interim report meeting on the e-government and data center project under the "2025/26 Philippines Economic Innovation Partnership Program (hereinafter EIPP)" at the Koreana Hotel on July 1. The meeting was arranged to share the results of the Korean side's research aimed at concretizing the Philippines' e-government cloud and data center model, and to jointly discuss future directions for the initiative. The event was attended by a 13-member Philippine delegation, including Sarah Maria Q. Sison, Undersecretary of the Department of Information and Communications Technology (DICT), and Assistant Secretary Maria Victoria Castro. The Philippine delegation received insights on Korea's experience in building e-government systems and discussed approaches to establishing a master plan for the future demonstration and pilot operation of cloud and data center technologies within the Philippines. During their visit to Korea, the Philippine delegation also plans to tour major Korean data centers and meet with domestic cloud service companies to explore business partnerships between the two countries. Furthermore, this project is significant in that it lays the groundwork for cooperation by Korean companies in the Philippine digital infrastructure market. Going forward, an expanded presence of Korean firms is anticipated in areas such as cloud, data centers, information security, and system integration, as well as in AI transformation (AX) and digital transformation (DX). Meanwhile, the EIPP is an economic cooperation program that the Ministry of Economy and Finance has operated since 2020 to jointly plan infrastructure projects in partner countries and support Korean firms in winning overseas contracts. As a model that expands upon the existing Knowledge Sharing Program (KSP), it provides comprehensive support—including policy consultation and feasibility studies—over a period of three to five years for the development of large-scale infrastructure essential to partner countries' economic growth. Now in its second year, the Philippines EIPP was launched after the Philippine government officially requested cooperation from the Korean government in March 2023 to drive its digital transformation and innovation. This followed the designation of enhancing government efficiency and transparency through digital transformation as a key task under the Philippine Development Plan (2023–2028). Since signing a Memorandum of Understanding (MOU) on the EIPP in October 2024, the two countries have continued their cooperation for a second year, with the goal of realizing e-government through initiatives such as upgrading e-cloud infrastructure and establishing an integrated national data center. This project aims to support the Philippines' transition to a digital economy through the realization of e-government. Beginning with the establishment of an e-government master plan and data center development plan in 2024/25, the 2025/26 phase has advanced a preliminary feasibility study for the e-government cloud and the design of a government data center construction model. The initiative plans to expand further through 2026/27 into a pilot deployment of an integrated cloud platform and linked data center projects.

KIND Signs MOU with Korea Developers Association to Promote Overseas Urban Development Projects

KIND Signs MOU with Korea Developers Association to Promote Overseas Urban Development Projects- KIND and KODA to Strengthen Cooperation in Supporting Korean Companies' Expansion into Global Urban Development Markets The Korea Overseas Infrastructure & Urban Development Corporation (KIND), headed by President Kim Bok-hwan, announced that it signed a Memorandum of Understanding (MOU) with the Korea Developers Association (KODA) on June 26 at KODA's conference room. The agreement aims to establish a cooperative framework to support Korean companies in expanding into overseas urban development projects. An information session on overseas urban development opportunities was also held following the signing ceremony. The MOU was initiated in response to the continued growth of the global urban development market. By combining the development expertise of private-sector developers with KIND's extensive experience in overseas projects, the two organizations seek to build a collaborative network that will provide practical support for Korean companies entering international markets. Following the signing ceremony, KIND hosted an information session for representatives of companies interested in overseas urban development projects. During the session, KIND introduced its overseas investment and development support framework, key assistance programs, and successful case studies of Korean companies' overseas urban development projects. An interactive Q&A session also provided participants with an opportunity to discuss the challenges they face in pursuing overseas projects and explore practical avenues for future collaboration with KIND. Under the agreement, KIND and KODA will work together to: ▲ Exchange information on overseas urban development markets; ▲ Establish cooperative networks with relevant organizations and companies; and ▲ Identify and promote joint initiatives while providing mutual support in overseas urban development projects. President Kim Bok-hwan of KIND stated, "With the domestic real estate development market facing increasing challenges, overseas urban development projects present new opportunities for Korean developers. By combining KIND's expertise in overseas investment and development with KODA's private-sector development know-how, we will serve as a reliable partner, helping Korean companies minimize risks and achieve tangible success in the global market."

KIND Strengthens Push into the Global Airport PPP Market Partners with ICAK and KATA to Expand Overseas Airport Business Opportunities

KIND Strengthens Push into the Global Airport PPP Market Partners withICAK and KATA to Expand Overseas Airport Business Opportunities△ KIND President & CEO Kim Bok-hwan (left) signed a Memorandum of Understanding (MOU) on June 25 at Seoul Square with Chairman Han Man-hee of the International Contractors Association of Korea (center) and Acting Chairman Park Jong-heum of the Korea Air Transportation Association (right) to support Korean companies in securing and developing overseas airport projects. The Korea Overseas Infrastructure & Urban Development Corporation (KIND), led by President & CEO Kim Bok-hwan, announced that it signed a Memorandum of Understanding (MOU) on Cooperation for Supporting Overseas Airport Project Development and Contract Awards with the International Contractors Association of Korea (ICAK) and the Korea Air Transportation Association (KATA) at Seoul Square on June 25. The agreement was established in response to the growing number of airport projects being procured under the Public-Private Partnership (PPP) model worldwide and aims to strengthen cooperation among the three organizations to support Korean companies entering overseas airport development markets. Under the partnership, KIND will leverage its expertise in project development, financing, and investment, as well as its experience in managing feasibility study support programs under the Ministry of Land, Infrastructure and Transport (MOLIT), to provide project development and investment support. ICAK will identify overseas business opportunities through its domestic and international construction networks while supporting Korean construction companies in expanding into foreign markets. KATA will contribute its aviation industry expertise and airport operation know-how. Together, the three organizations will establish a comprehensive "One Team" cooperation framework covering the entire project lifecycle—from project identification and bidding to investment, construction, and operation. Airport PPP projects represent high-value, integrated infrastructure developments that require seamless coordination across design, financing, construction, and operations. Success therefore depends not only on the capabilities of individual companies but also on strong collaboration that combines policy financing, airport operational expertise, and local market networks. KIND is currently working with Korean airport operators and global developers on airport development projects in Uzbekistan, Montenegro, and Laos, while actively exploring new opportunities across Latin America, the Middle East, and Southeast Asia. Under the MOU, the three organizations will jointly identify overseas airport and related infrastructure PPP opportunities and share relevant market information. They will also collect and analyze regulatory, financial, and investment information related to overseas airport projects, facilitate networking among Korean companies, and organize business meetings in promising markets. In addition, the partners will seek to expand overseas business opportunities through international conferences and joint promotional activities. "Global airport development projects are largely led by a limited number of experienced airport operators and investors with specialized expertise, and the competitive landscape is shaped by each participant's investment strategy and business approach," said Kim Bok-hwan, President & CEO of KIND. "KIND will continue to expand opportunities for Korean companies to participate in overseas airport development projects by selectively identifying promising markets and strengthening cooperation with airport operators and global developers."

KIND Celebrates Successful Commercial Operation of the Trumbull Power Plant in the United States, Demonstrating Its Global Infrastructure Investment Capability

KIND Celebrates Successful Commercial Operation of the Trumbull Power Plant in the United States,Demonstrating Its Global Infrastructure Investment Capability - Completion of a 953MW Combined-Cycle Gas Power Plant- Direct Equity Investment and Policy Fund-Led Project Financing Showcase KIND’s Strength as a Global Infrastructure Developer The Korea Overseas Infrastructure & Urban Development Corporation (KIND), led by President Bokhwan Kim, announced the successful inauguration of the Trumbull Combined-Cycle Gas Power Project in Ohio, USA, which was developed in cooperation with Korea Southern Power Co., Ltd. (KOSPO) and a consortium of Korean financial institutions. The inauguration ceremony was held on June 24 (local time) at the Trumbull Power Plant site in Ohio and was attended by approximately 170 key stakeholders, including representatives from KIND, KOSPO, Siemens, and the Consul General of the Republic of Korea in Chicago. The project involves the construction and operation of a 953MW combined-cycle gas-fired power plant in Trumbull County, Ohio. With a total project cost of approximately USD 1.2 billion (KRW 1.8 trillion), it represents a major infrastructure investment in the North American power sector. Since commencing commercial operations in December 2025, the Trumbull Power Plant has been supplying stable electricity through PJM, the largest wholesale electricity market in North America, serving nearby industrial complexes and approximately 900,000 households. The project has already secured a stable revenue base and is expected to generate reliable cash flows over the next 30 years. The project is particularly significant as it marks the transition of a Korean public-private infrastructure investment initiative into the stage of tangible investment returns. It is also widely regarded as a successful public-private partnership model in which KIND participated from the early planning stage and played a leading role in facilitating the entry of Korean companies into the North American infrastructure market. As an equity investor, KIND enhanced the project's credibility among stakeholders while actively utilizing policy financing vehicles, including the Global Infrastructure Fund (GIF), to establish a robust and stable financing structure. Thanks to its strong financial framework, the project received the “Power Deal of the Year 2023” award from IJGlobal, a leading international project finance publication, in recognition of its excellence in project financing. The award is presented annually to outstanding project finance transactions worldwide based on factors such as financial structure, innovation, and market impact. The Trumbull project was highly commended for its sound financing strategy and strong commercial viability. KIND’s contribution also extended to promoting shared growth with Korean small and medium-sized enterprises (SMEs) and mid-sized companies. By serving as a risk-mitigation partner and supporting the incorporation of Korean-made equipment into the Engineering, Procurement, and Construction (EPC) contract, KIND helped Korean companies overcome entry barriers in the highly competitive U.S. infrastructure market. As a result, Korean firms achieved approximately USD 43 million (KRW 65.5 billion) in equipment exports through the project. A KIND official stated, “The successful completion of the Trumbull Power Plant in Ohio demonstrates KIND’s capabilities as a global infrastructure developer and financial structuring partner in one of the world’s most advanced electricity markets. Building on this achievement, KIND will continue to work closely with Korean public enterprises and financial institutions to expand opportunities for Korean companies in the global infrastructure market.”

KIND Hosts Investment Briefing Session for the PIS Phase II Fund

KIND Hosts Investment Briefing Session for the PIS Phase II Fund- Fund targeting KRW 1.1 trillion in total commitments enters full-scale investment phase with KRW 260 billion already approved for investment- Investment support measures introduced to companies and asset managers, along with one-on-one investment consultations ​The Korea Overseas Infrastructure & Urban Development Corporation (KIND), led by President and CEO Bokhwan Kim, announced that it hosted an investment briefing session for the Global Plant, Infrastructure, and Smart City (PIS) Phase II Fund on June 24 at the Two IFC Forum in Yeouido, Seoul. The event was attended by Korean companies and asset management firms interested in overseas investment opportunities. The briefing session was organized to identify investment projects that can support Korean companies in expanding into overseas public-private partnership and investment development projects, thereby promoting exports and overseas contract awards. It also aimed to facilitate investment approvals for blind funds and encourage the establishment of project funds*. During the event, KIND introduced the key features and investment guidelines of the PIS Phase II Fund and shared successful investment cases financed through the fund. Following the presentation, one-on-one consultations were held with interested companies and asset managers.*Project funds are funds established through the identification and development of individual projects for investment in a specific project. The PIS Phase II Fund aims to raise a total of KRW 1.1 trillion. In August 2025, the fund successfully completed the formation of a KRW 700 billion blind fund and has since entered the full-scale investment stage. To date, investment approvals totaling KRW 260 billion have been secured. A KIND official stated, “This event demonstrated the strong market interest in the PIS Phase II Fund and provided a foundation for linking the needs of Korean companies with practical financial support. KIND will continue to leverage the PIS Fund and other policy-finance platforms to comprehensively support Korean companies in expanding their presence in overseas markets.” The event was attended by approximately 100 representatives from the Ministry of Land, Infrastructure and Transport (MOLIT), Korean companies, and asset management firms. In particular, participants showed strong interest in the detailed presentations on projects financed through the PIS Fund, as well as discussions on how companies and fund managers can utilize the PIS Phase II Fund to support overseas expansion strategies linked to international project awards and exports.

KIND and Korea Railroad Research Institute Sign MOU to Strengthen Cooperation in Overseas Railway Projects

KIND and Korea Railroad Research Institute Sign MOU to Strengthen Cooperation in Overseas Railway Projects - KIND and KRRI to Join Forces in Expanding Overseas Railway Business Opportunities and Supporting Global Expansion of Korean Railway Companies The Korea Overseas Infrastructure & Urban Development Corporation (KIND), led by President Kim Bok-hwan, announced on June 23 that it signed a Memorandum of Understanding (MOU) with the Korea Railroad Research Institute (KRRI) at KRRI’s conference hall to establish a foundation for cooperation in overseas railway projects. The agreement was signed to build a collaborative framework between the two organizations amid the continued expansion of Public-Private Partnership (PPP) projects in the global railway market. Through this partnership, KIND and KRRI aim to broaden business opportunities for Korean companies and facilitate their entry into overseas railway markets. Under the MOU, the two organizations will strengthen practical cooperation across various areas, including the sharing of information on overseas railway markets, the establishment and exchange of collaborative networks, as well as consulting services and joint research related to overseas railway projects. Prior to the signing ceremony, KIND and KRRI held a working-level exchange meeting where they shared their respective overseas business experiences and best practices, while engaging in in-depth discussions on strategic cooperation measures. “KIND’s extensive experience in overseas investment and development projects, combined with KRRI’s advanced railway technology expertise, will significantly enhance the competitiveness of Korean companies in securing contracts in the highly competitive global railway market,” said Kim Bok-hwan, President of KIND. “We will continue to work closely with KRRI to ensure that this agreement goes beyond a one-time event and leads to the identification of viable overseas railway projects and tangible achievements in supporting Korean companies’ global expansion.”

KIND Hosts Green Fund Investment Briefing Session

KIND Hosts Green Fund Investment Briefing Session- Providing investment consultations with domestic asset management companies to promote co-investment in overseas green projects The Korea Overseas Infrastructure & Urban Development Corporation (KIND, President Kim Bok-hwan) announced that it hosted a Green Fund Investment Briefing Session for domestic asset management companies on June 18 at the Two IFC Forum in Yeouido, Seoul. The briefing session was organized to encourage the joint identification of overseas green projects by the Green Fund and domestic asset management firms and to expand co-investment opportunities through the establishment of project funds. During the event, KIND introduced the Green Fund’s investment structure and utilization strategies to participating asset management companies. It also conducted one-on-one investment consultations to discuss potential projects and explore avenues for collaboration. The Green Fund is a policy fund specializing in green industries, including carbon reduction, energy transition, the circular economy, and the water sector. It is currently the only policy fund in Korea dedicated to investing in new overseas green projects. The fund provides various forms of financial support, including equity investments and loans, for overseas green projects involving Korean companies. As the Green Fund management institution, KIND launched the fund-of-funds in October 2024 and successfully established the first and second blind funds in 2025, totaling KRW 417.2 billion. It is currently proceeding with the establishment of project funds totaling KRW 92 billion. A KIND official stated, “Through this briefing session and investment consultations, we aim to actively identify promising overseas green projects and expand Korean companies’ participation in overseas green business opportunities with the support of the Green Fund. We will continue strengthening cooperation with private asset management companies to facilitate the creation of project funds and maximize the effectiveness of policy fund investments.” Approximately ten representatives from domestic asset management companies attended the event. Participants expressed strong interest in the Green Fund’s project fund investment framework and investment structure. They also noted that co-investment with a policy fund could help attract private investors and enhance investment stability.

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

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.”