Korea Rail Network Authority Targets Panama Railway Market with 'K-Rail'

The Korea Rail Network Authority is set to target the Panama railway market.

(From left) Jong-il Lim, Vice President of Korea Rail Network Authority; Abdiel Perez Barreto, Vice President of Panama Metro Construction; Ki-beom Kim, Head of Hyundai Engineering & Construction Division, are attending the GICC event on the 19th and posing for a commemorative photo. Photo by Korea Rail Network Authority

On the 19th, Lim Jong-il, Vice President of the Korea Rail Network Authority, attended the ‘2023 GICC (Global Infrastructure Cooperation Conference)’ held in Seoul and discussed ways to expand the entry of Korean companies into the Panama railway market with Perez Barretto Abdiel, Vice President of Panama Metro Corporation.

GICC has been held annually since 2013 under the auspices of the Ministry of Land, Infrastructure and Transport. The purpose of the event is to support the expansion of overseas orders for domestic companies by building networks with major overseas construction clients.

On this day, Vice President Lim held a tripartite meeting with Kim Ki-beom, Head of Hyundai Construction, and the Vice President of Panama Metro Corporation to discuss laying the groundwork for supporting Panama railway development projects based on public-private cooperation and forming human networks.

The Korea Rail Network Authority is currently promoting a railway technology capacity-building invitation training project for high-ranking Panamanian officials through Official Development Assistance (ODA).

Additionally, Hyundai Construction has a connection from having undertaken the Panama Metro Line 3 project in 2020.

Vice President Lim said, “Taking advantage of GICC, we will further strengthen railway cooperation between Korea and Panama and strive to disseminate and export K-rail technology to the Panama railway market.”

This content was produced with the assistance of AI translation services.