KB Kookmin Bank Signs Agreement for Overseas Infrastructure Project Discovery and Financial Support
"Cooperation with Overseas Infrastructure City Development Support Corporation"
On the 14th, at the KB Kookmin Bank headquarters, Heo In (left), President of KB Kookmin Bank, and Heo Kyung-gu (right), President of the Korea Overseas Infrastructure & Urban Development Corporation, signed a business agreement for "Discovering Overseas Infrastructure Projects and Joint Financial Support" and took a commemorative photo.
View original image[Asia Economy Reporter Park Sun-mi] KB Kookmin Bank announced on the 15th that it has signed a business agreement with the Korea Overseas Infrastructure & Urban Development Corporation (KIND) to discover overseas infrastructure projects and provide joint financial support.
The signing ceremony held the previous day at KB Kookmin Bank's headquarters in Yeouido was attended by Huh In, CEO of KB Kookmin Bank, Huh Kyung-gu, President of KIND, and officials from both organizations.
This agreement focuses on sharing market and project information related to overseas infrastructure projects and promoting joint marketing. It plans to mutually cooperate in ▲joint discovery of overseas infrastructure projects ▲financial advisory and arrangement for joint development projects ▲financial support such as loans and equity investments.
KIND supports domestic companies' overseas infrastructure project entry through comprehensive assistance ranging from project planning, feasibility study support, project development and investment, to financial structuring advisory, thereby aiding domestic companies in securing overseas orders. Based on many years of financial arrangement know-how and experience domestically, KB Kookmin Bank has recently expanded its financial scope to various overseas infrastructure projects in North America, Europe, and Australia, including power generation, renewable energy, and public-private partnership (PPP) projects.
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A KB Kookmin Bank official stated, “Through this agreement, we expect to create synergy in financial support for overseas infrastructure projects by linking KB Kookmin Bank’s financial arrangement capabilities with KIND’s project discovery competencies,” adding, “It will serve as an opportunity to actively pursue entry into emerging market infrastructure sectors following advanced countries' infrastructure markets.”
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