On June 23, KIND announced that it signed a memorandum of understanding (MOU) with the Korea Railroad Research Institute at the Korea Railroad Research Institute's conference room in Uiwang, Gyeonggi Province, to collaborate on international rail projects.
The agreement aims to enhance the contract competitiveness of domestic companies and support their overseas expansion amid the growing public-private partnership (PPP) projects in the international rail market.
Under the MOU, the two organizations plan to collaborate in various areas, including sharing information on international rail project markets, building a collaborative network, providing consulting related to overseas rail projects, and conducting joint research.
Prior to the signing, a business exchange meeting was held where both organizations shared updates on their international project initiatives and discussed future strategic cooperation plans.
Kim Bok-hwan, President of KIND, stated, "Combining KIND's experience in overseas investment and development with the Korea Railroad Research Institute's advanced rail technology will significantly enhance our companies' competitiveness in the fierce international rail market. We will continue to work closely to ensure this MOU leads to tangible outcomes in discovering international rail projects and visible achievements for domestic companies abroad."
Additionally, KIND participated in the 'Global Contract Plus Meeting' held by the Ministry of Economy and Finance's Export Plus Support Team on June 22 at the Korea Export-Import Bank in Yeouido, Seoul. The meeting addressed strategies for expanding overseas contracts in promising sectors such as eco-friendly and digital technologies in response to geopolitical uncertainties in the Middle East.
* This article has been translated by AI.
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