KIND

KIND Breaks Ground on Long Thanh Logistics Center Development Project in Vietnam

KIND Breaks Ground on Long Thanh Logistics Center Development Project in VietnamKorea Overseas Infrastructure & Urban Development Corporation (KIND, President Kim Bok-hwan) announced that it attended the groundbreaking ceremony and Memorandum of Understanding (MOU) signing ceremony for a state-of-the-art smart logistics center development project at Amata City Long Thanh Industrial Park in Long Thanh, Dong Nai Province, Vietnam, on May 28 (local time). The project involves the development of factory and logistics warehouse leasing facilities on a 4-hectare site within Amata City Long Thanh Industrial Park, one of Vietnam’s leading industrial park developments. With a total project cost of approximately USD 41.3 million (KRW 56 billion), the project aims to establish a modern logistics hub to support the growing demand for industrial and logistics infrastructure in southern Vietnam. Notably, approximately 70 percent of the facility will consist of cold storage warehouses, enabling the project to meet increasing demand for high-value logistics services, including food, pharmaceuticals, and fresh produce distribution. The facility is expected to serve as a key logistics infrastructure asset in southern Vietnam. The project will be developed and operated by Jeil Construction. The PIS (Plant, Infrastructure, and Smart City) Fund, managed by Korea Investment Real Asset Management, and KIND will participate as co-investors. KIND will support the project by investing 10 percent of the project's equity. The Long Thanh area, where the project is located, is emerging as a major logistics hub connecting Ho Chi Minh City, the under-construction Long Thanh International Airport, and Cai Mep Port, the largest deep-sea port in southern Vietnam. As airport operations commence and industrial park development accelerates, demand for logistics and warehousing services is expected to continue growing. Through its participation in this project, KIND aims to support the successful implementation of Korean companies’ logistics infrastructure investments in Vietnam while creating opportunities for overseas expansion and stable investment returns. Building on this project, KIND also plans to strengthen its role as a gateway for Korean companies entering Southeast Asian markets in various sectors, including smart logistics, industrial parks, and data centers.

KIND Holds Inauguration Ceremony for the First Public Relations Supporters Group

KIND Holds Inauguration Ceremony for the First Public Relations Supporters Group- Strengthening the Promotion of Overseas Infrastructure and Urban Development Projects in Collaboration with Young People The Korea Overseas Infrastructure & Urban Development Corporation (KIND), headed by President and CEO Kim Bok-hwan, announced that it officially launched its first Public Relations Supporters Group with an inauguration ceremony held on June 5 at KIND’s conference hall, marking the start of its public outreach activities. The KIND Public Relations Supporters Program was established this year for the first time to increase young people's interest in overseas infrastructure and urban development and to strengthen online communication with the public. For the first cohort, KIND conducted an open recruitment process targeting university students and students on leave of absence. A total of ten participants were selected based on a comprehensive evaluation of their content creation capabilities, enthusiasm for participation, and understanding of the overseas infrastructure sector. The supporters will serve for approximately seven months, from June to December 2026. During this period, they will create and promote a variety of online content, including blog posts, card news, and short-form videos, focusing on KIND’s major projects and key issues related to overseas infrastructure and urban development. In particular, the supporters will participate in content production activities linked to KIND’s official blog and social media channels and will also be given opportunities to cover the organization’s major projects and initiatives. The inauguration ceremony included the presentation of certificates of appointment, an introduction to KIND, an overview of the program’s objectives and activity guidelines, and training on content creation. Participants also shared ideas and discussed their plans for future activities. Kim Bok-hwan, President and CEO of KIND, stated, “We expect that the creativity and digital content capabilities of young people will help communicate the value of overseas infrastructure and urban development projects to the public in a more accessible and engaging way.” He added, “Through various communication programs, KIND will continue striving to become a public institution that stays closely connected with the people.” KIND is a public institution under the Ministry of Land, Infrastructure and Transport of the Republic of Korea. It serves as a public developer and investment specialist, carrying out overseas investment development projects, infrastructure investment and financing, and policy cooperation initiatives to support Korean companies’ expansion into global markets and strengthen international infrastructure partnerships.

Team Korea Secures USD 2.8 Billion Louisiana FLNG Project in the United States

Team Korea Secures USD 2.8 Billion Louisiana FLNG Project in the United States - A major U.S. project secured through close collaboration among industry, government, and public institutions- A model public-private partnership (PPP) project that paves the way for broader entry into the U.S. energy infrastructure market □ The Ministry of Land, Infrastructure and Transport (Minister Kim Yun-deok), the Ministry of Climate, Energy and Environment (Minister Kim Sung-hwan), and the Ministry of Oceans and Fisheries (Minister Hwang Jong-woo) announced that “Team Korea,” a collaborative initiative involving private companies, government ministries, and public institutions, successfully secured the contract for the first Floating Liquefied Natural Gas (FLNG) facility project offshore Louisiana, United States, valued at USD 2.8 billion (approximately KRW 4 trillion), on June 1 (local time). * Floating Liquefied Natural Gas : a floating offshore facility equipped with LNG liquefaction systems. Constructed at domestic shipyards and installed offshore, FLNG facilities liquefy, store, and offload natural gas produced directly from offshore gas fields. ㅇ For this project, the Korea Overseas Infrastructure & Urban Development Corporation (KIND), the Green Fund, and the Korea Ocean Business Corporation (KOBC) invested in a fund led by BlackRock, the world’s largest asset management company. By participating as financial investors and supporting the project’s financing structure, they helped facilitate the EPC (Engineering, Procurement and Construction) contract awarded to a Korean company. * Samsung Heavy Industries has secured six of the ten FLNG projects ordered worldwide to date, with three currently in operation and three under construction. The additional contract is expected to further strengthen the company’s leadership in the global FLNG market. ㅇ The project will incorporate environmentally friendly technologies developed by Korean companies, including Selective Catalytic Reduction (SCR) systems, which reduce nitrogen oxide emissions by converting them into nitrogen and water through catalytic reactions, and Heat Recovery Steam Generators (HRSGs), which maximize energy efficiency by recovering waste heat to generate steam and electricity. < Project Overview > ㅇ (Project Description) roduction of approximately 4.4 million tonnes of LNG annually from an offshore facility located about 74 km off the coast of Louisiana, United States.ㅇ (Total Project Cost) USD 4.8 billion (approximately KRW 7 trillion)Samsung Heavy Industries EPC Contract Value: USD 2.8 billion (approximately KRW 4 trillion)ㅇ (Project Duration) 5 years for construction and 25 years for operation.ㅇ (Investment Contributions:) KIND: USD 70 million (approximately KRW 100 billion)Green Fund: USD 30 million (approximately KRW 45 billion)Korea Ocean Business Corporation (KOBC): USD 50 million (approximately KRW 75 billion) □ This project is particularly significant as it demonstrates how close collaboration among private companies, three government ministries, and two public institutions helped secure a major overseas infrastructure project for a Korean company while also laying the groundwork for broader participation in the U.S. energy infrastructure market. ㅇ As an investment-development project encompassing the entire value chain—from financing and construction to operations—it is expected to serve as a pivotal milestone in transforming Korea’s overseas construction sector from a traditional contract-based industry into a high-value-added integrated industry. ㅇ Furthermore, given that fabrication, shipbuilding, and assembly activities will be carried out in Korea, the project is expected to contribute to regional economic growth by generating additional business opportunities for small and medium-sized enterprises (SMEs) and mid-sized companies throughout the supply chain. □ This case also demonstrates that participation in major overseas infrastructure projects can contribute not only to securing construction contracts but also to strengthening supply chain resilience. ㅇ Accordingly, amid growing supply chain uncertainties resulting from potential disruptions such as a closure of the Strait of Hormuz, the government plans to actively promote the diversification of import sources and the strengthening of transportation networks through strategic overseas infrastructure investments. □ The government stated, “Government ministries and public institutions will work together as trusted partners to support Korean companies expanding overseas on the strength of their technological capabilities. Building on the partnerships established with global developers through this project, we hope to identify and pursue further opportunities for future collaboration.” ㅇ The government further emphasized, “We will continue to provide robust policy support to help transform the overseas construction industry into a high-value-added sector that creates quality jobs. In particular, we will expand investments in overseas energy, port, and other infrastructure projects to strengthen our capacity to respond to global supply chain challenges.” < FLNG > ▲ Overview (Illustrative Image)

KIND, Conducts Housing Environment Improvement Volunteer Activity in Seoul Station Jjokbangchon with Newly Hired Employees

KIND, Conducts Housing Environment Improvement Volunteer Activityin Seoul Station Jjokbangchon with Newly Hired Employees The Korea Overseas Infrastructure & Urban Development Corporation (KIND, President Kim Bok-hwan) announced that it carried out a housing environment improvement volunteer activity in the Seoul Station jjokbangchon area on May 15. The activity was organized as part of KIND’s training program for newly hired employees and was conducted in collaboration with the Happy Sharing Volunteer Association. Employees participating in the volunteer work supported interior renovation efforts, including wallpaper replacement and painting in aging jjokbangchon housing units, helping to improve the living conditions of vulnerable residents in a practical and meaningful way. KIND is a public institution engaged in the discovery and investment development of overseas infrastructure, urban development, and plant projects. This volunteer initiative is particularly meaningful in that it expanded the core value of KIND’s business—“infrastructure and urban development”—into the realization of social value through improving housing conditions for vulnerable communities in Korea. As a public institution leading infrastructure, urban development, and plant investment projects around the world, KIND put into practice its mission of improving housing and infrastructure both domestically and internationally. A KIND official stated, “As an organization at the forefront of overseas investment development projects, we believe that contributing to the improvement of poor housing environments in Korea is also a natural responsibility as a public institution. We especially hope that newly hired employees, by working directly in the field and experiencing the value of infrastructure improvement firsthand, will grow into professionals who prioritize social value and ESG principles on the global stage.” KIND has continuously carried out various social contribution activities aimed at realizing global values and improving infrastructure. These activities include purchasing and delivering Christmas gifts for multicultural youth, supporting school bag programs for the new semester, and volunteering at children’s centers in Vietnam. Through such initiatives, KIND has continued to promote coexistence and shared growth. KIND plans to continue creating social value as a public institution through various programs, including educational support and global volunteer activities.

KIND, Sudokwon Landfill Site Management Corporation, and Jeil Engineering Sign MOU to Advance International Greenhouse Gas Reduction Project in Bolivia

KIND, Sudokwon Landfill Site Management Corporation, and Jeil Engineering Sign MOU to Advance International Greenhouse Gas Reduction Project in Bolivia △ Won Byeong-cheol, Head of Project Development Division at KIND (second from left), attended the signing ceremony for the Memorandum of Understanding (MOU) with partner institutions for the Bolivia international greenhouse gas reduction project, held at The Plaza Hotel in Seoul on April 24 (Friday). Korea Overseas Infrastructure & Urban Development Corporation (KIND, President Kim Bok-hwan) announced that it has joined hands with Sudokwon Landfill Site Management Corporation (SL Corporation) and Jeil Engineering to jointly promote an international greenhouse gas reduction project at the San Miguel landfill site in Bolivia. The three organizations signed a Memorandum of Understanding (MOU) during the Korea–Bolivia greenhouse gas reduction project signing ceremony held on Friday, April 24, at The Plaza Hotel in Seoul, marking the first step toward joint project development. The project includes support funding from the Ministry of Climate, Energy and Environment, with construction targeted to begin in 2027. The project site is the San Miguel landfill in Santa Cruz, Bolivia, where methane generated from the landfill will be captured and flared, reducing approximately 275,000 tons of greenhouse gas emissions annually. Over a 15-year operating period, the cumulative reduction is expected to reach around 4 million tons. Emission reduction results will be officially certified following third-party verification in accordance with international standards. A KIND official stated, “Through the commercialization of the Bolivia greenhouse gas reduction project, we aim to export SL Corporation’s landfill operation technology and Korea’s EPC capabilities overseas, while transferring the certified emission reductions back to Korea to contribute to the achievement of the Republic of Korea’s 2035 Nationally Determined Contribution (NDC) target.” KIND had selected the project in 2023 as a feasibility study (F/S) support project and has actively supported Korean companies in developing international greenhouse gas reduction projects from the early stages. Korea’s 2035 NDC was officially announced at the 30th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP30). Under the target, Korea aims to reduce greenhouse gas emissions by 53–61% from 2018 levels by 2035. Since domestic reductions alone may not be sufficient to meet the target, Korea plans to utilize overseas emission reduction credits. As a result, international greenhouse gas reduction projects are gaining greater attention as a key supplementary measure for achieving carbon neutrality goals. With this MOU, KIND and SL Corporation are expected to further strengthen their strategic cooperation in overseas investment and development projects and establish themselves as leading players in the field of international greenhouse gas reduction initiatives.

KIND Signs MOU with Vietnam’s BIDV and Hana Bank for Cooperation in Infrastructure, Energy, and Urban Development

KIND Signs MOU with Vietnam’s BIDV and Hana Bank for Cooperation in Infrastructure, Energy, and Urban Development- Building a foundation for Korea–Vietnam financial and investment cooperation on the occasion of the presidential visit -- Expanding opportunities for Korean companies and enhancing financing competitiveness through investment–finance linkage - Korea Overseas Infrastructure & Urban Development Corporation (KIND, President Kim Bok-hwan) announced that it has signed a trilateral Memorandum of Understanding (MOU) with the Bank for Investment and Development of Vietnam (BIDV) and Hana Bank to strengthen cooperation in infrastructure projects in Vietnam and overseas. The agreement was signed at the Korea–Vietnam Business Forum held on the 23rd during the Korean President’s state visit to Vietnam. It was pursued to establish a cooperative relationship with BIDV—Vietnam’s largest bank by total assets and one of the country’s four major state-owned commercial banks—and to create a collaborative framework linking project development and financing. In particular, strong synergy is expected among the three institutions, as Hana Bank is a strategic investor holding approximately 14% of BIDV’s shares. Under the agreement, the three parties agreed to build a strategic partnership in the fields of infrastructure, energy, urban development, and green sectors, while jointly identifying investment opportunities to promote the participation of Korean companies. Through this partnership, Korean firms are expected to expand their presence in Vietnam through various forms of participation, including investment, EPC, operation and maintenance (O&M), and equipment supply. More specifically, BIDV will identify promising project opportunities in Vietnam and introduce them to KIND, while proposing competitive financing terms for relevant projects. Hana Bank will provide financial products and services for projects promoted by KIND, as well as support project structuring and fundraising. KIND will take the lead in sourcing and developing projects in Vietnam and serve as a platform connecting Korean companies with local partners in cooperation with BIDV and Hana Bank. In addition, the three institutions plan to expand the foundation for public-private cooperation through various events and collaborative networks. KIND President Kim Bok-hwan stated, “This MOU is highly meaningful as a cooperative model bringing together Vietnam’s leading state-owned bank, a Korean financial institution, and a public institution specializing in project development.” He added, “It will play an important role in identifying high-quality projects for Korean companies and establishing a competitive financing base.” He further noted, “We will continue to expand strategic cooperation across Asia, including Vietnam.”

KIND Confirms Development Cooperation Framework in Indonesia with Daewoo E&C and Sinarmas Land

KIND Confirms Development Cooperation Framework in Indonesia with Daewoo E&C and Sinarmas Land- Follow-up cooperation expected following the Korea–Indonesia Business Forum - The Korea Overseas Infrastructure & Urban Development Corporation (KIND), led by President Kim Bok-hwan, has initiated cooperation with Daewoo Engineering & Construction and Indonesia’s Sinarmas Land to support Korean companies’ entry into development projects in Indonesia. From left: Airlangga Hartarto, Coordinating Minister for Economic Affairs of Indonesia; Seo Chang-hoon, Head of Urban Development Division at KIND; Han Seung, Head of Overseas Business Division at Daewoo E&C; Ferdinand Sadelie, Vice President of Sinarmas Land; Yeo Han-koo, Minister for Trade Negotiations at Korea’s Ministry of Trade, Industry and Energy. KIND announced that on April 1, it signed a confirmation agreement on residential and commercial development projects in Indonesia with Daewoo E&C and Sinarmas Land during the Korea–Indonesia Business Forum held at The Shilla Seoul. In particular, the signing took place during the MOU exchange ceremony at the forum, which was held on the occasion of the official visit of Indonesian President Prabowo Subianto to Korea, adding further significance to the event. The forum brought together high-level government officials and business leaders from both countries to discuss ways to expand investment and industrial cooperation. Based on this confirmation, KIND plans to continue expanding support for Korean companies entering overseas markets by identifying promising urban development projects in Indonesia. A KIND official stated, “This signing is meaningful in that it has further strengthened the foundation for cooperation in urban development projects in Indonesia,” adding, “KIND will continue to actively support Korean companies in advancing into overseas investment and development projects.”

KIND Signs MOU with Indonesia’s Sovereign Wealth Fund Danantara

KIND Signs MOU with Indonesia’s Sovereign Wealth Fund Danantarato Strengthen Cooperation in Infrastructure and Urban DevelopmentEstablishing a strategic partnership with a key economic engine of the Prabowo administrationLaying the foundation for comprehensive infrastructure cooperation, including energy transition and joint expansion into third-country markets Korea Overseas Infrastructure & Urban Development Corporation (KIND, CEO Kim Bokhwan) announced that, on April 1, it signed a Memorandum of Understanding (MOU) with Danantara, Indonesia’s sovereign wealth fund driving the country’s next phase of economic growth, to promote cooperation in infrastructure and urban development projects in Indonesia and neighboring regions. The agreement was concluded in conjunction with the state visit to Korea by Indonesian President Prabowo Subianto. The partnership is particularly significant as Danantara, established shortly after President Prabowo’s inauguration, selected KIND — Korea’s public institution specializing in investment and development — as a strategic partner. Managing approximately USD 900 billion in assets and overseeing major state-owned enterprises, Danantara is widely regarded as a key economic engine expected to reshape Indonesia’s future industrial landscape. Under the agreement, the two organizations agreed to pursue practical cooperation across a broad range of sectors, including traditional transport infrastructure such as roads, railways, and airports; environmental facilities such as waste and wastewater treatment; renewable energy generation and transmission; and urban and real estate development projects, including data centers. The scope of cooperation will extend beyond Indonesia to neighboring ASEAN countries such as Malaysia and Singapore, as well as third-country markets including Saudi Arabia. Danantara will provide information on promising projects, while KIND will recommend qualified Korean companies and jointly review investment opportunities with Danantara. KIND is currently advancing the Jakarta data center development project and reviewing various additional opportunities in Indonesia. The new partnership is expected to accelerate the identification and development of new projects. KIND CEO Kim Bokhwan emphasized that, as Danantara serves as a central pillar of Indonesia’s economic growth, the partnership represents an optimal opportunity to combine KIND’s investment expertise with the world-class technological capabilities of Korean companies. He added that KIND will continue to actively support Korean companies in securing greater opportunities not only in Indonesia but also across ASEAN and the global infrastructure market through this cooperation.

KIND Launches ‘2026 Character Naming Contest’

KIND Launches ‘2026 Character Naming Contest’– Seeking a Character Name Reflecting Its Identity as a Global Infrastructure Investment and Development Agency – The Korea Overseas Infrastructure & Urban Development Corporation (KIND), led by President Kim Bok-hwan, announced the launch of the “2026 KIND Character Naming Contest” to invite the public to help name its official character in a way that reflects the organization’s identity. The contest aims to discover a friendly and memorable character name—along with its meaning or backstory—that effectively represents KIND’s mission and role as a specialized public institution engaged in overseas infrastructure investment and development projects. The competition is open to all members of the public. Submissions will be accepted from March 27 to April 12, 2026. Based on the selected name, KIND plans to develop a character universe and actively utilize it across various promotional content and both domestic and international events. A total of six winners will be selected: one Grand Prize winner (KRW 500,000), two Excellence Award winners (KRW 300,000 each), and three Popularity Award winners (KRW 100,000 each). In addition, 100 participants will receive coffee vouchers as participation prizes. Meanwhile, KIND recently launched its official blog and Instagram channels in February to strengthen its online presence and expand communication with the public. A KIND official stated, “We hope this contest will serve as an opportunity to enhance public engagement and increase awareness and understanding of KIND.” Further details about the contest can be found on the KIND website (www.kindkorea.or.kr), as well as its blog and Instagram channels.

KIND Begins Full-Scale Financial Close of Louisiana FLNG Project in the U.S. Driving Joint Expansion of Korea’s Shipbuilding and Financial Industries

KIND Begins Full-Scale Financial Close of Louisiana FLNG Project in the U.S. Driving Joint Expansion of Korea’s Shipbuilding and Financial Industries- Participating in the first-ever FLNG project in the United States, valued at approximately KRW 7 trillion; additional follow-up investments under consideration - The Korea Overseas Infrastructure & Urban Development Corporation (KIND), led by CEO Bokhwan Kim, announced that it is accelerating the financial close of the Floating Liquefied Natural Gas (FLNG) project currently being developed in the Gulf of Mexico off Louisiana, United States, based on expanded investment. To facilitate smooth project implementation and broaden opportunities for Korean companies, KIND approved an investment of approximately USD 70 million in December last year. Based on this, final negotiations for the Final Investment Decision (FID) are currently in their final stages. This project involves the production of approximately 4.4 million tons of LNG annually at a site located about 76 km offshore from Louisiana. It is considered to have a stable business structure, supported by long-term Sales and Purchase Agreements (SPA). In particular, through its investment, KIND is taking a leading role in structuring the project alongside global asset manager BlackRock, a policy fund under the Ministry of Environment (Green Infrastructure Overseas Expansion Fund), and Hanwha Asset Management. Through this effort, KIND has strongly supported Samsung Heavy Industries in securing the EPC contract for the first FLNG unit, thereby creating opportunities for Korean shipyards and equipment suppliers to enter the global market. ※ Terminology: FLNG (Floating Liquefied Natural Gas)FLNG is a next-generation offshore production system that integrates liquefaction, storage, and offloading functions for natural gas into a single floating facility. Compared to onshore terminals, it offers easier site acquisition and reduced environmental impact, making it an increasingly attractive alternative in the global energy market. This project is expected to expand beyond the first unit to include subsequent FLNG units (2 and 3). At the Indo-Pacific Energy Ministers’ Meeting (IPEM) recently held in Japan, the U.S. Export-Import Bank (US EXIM) announced its plan to provide financial support for the follow-up projects, further enhancing the project’s credibility and financial stability. KIND plans to strengthen its position in the U.S. energy infrastructure market through continued collaboration with US EXIM. This project is particularly significant in that it goes beyond the traditional construction-focused overseas expansion model and represents an “investment development model,” where ▲equity investment ▲financing ▲EPC ▲operations are organically integrated. Moreover, backed by KIND’s strategic and proactive investments in sectors where Korean companies have strong competitive advantages, it is regarded as a successful example of an integrated “K-Infrastructure” export model. A KIND official stated, “This FLNG project is a case that simultaneously promotes the global expansion of Korean companies with advanced technologies and financial collaboration,” adding, “KIND will continue to identify economically viable overseas investment development projects to support the global expansion of Korean companies and expand our footprint in the U.S. infrastructure market.”