KIND Signs Development Partnership Agreement with Daewoo Engineering & Construction and Indonesian Company
The Korea Overseas Infrastructure and Urban Development Corporation (KIND) announced on April 9 that it has signed a letter of confirmation regarding local residential and commercial development projects with Daewoo Engineering & Construction and Indonesian real estate developer Sinarmas Land.
This signing took place during the memorandum of understanding (MOU) exchange ceremony at the Korea-Indonesia Business Forum, which was held on the occasion of Indonesian President Prabowo Subianto's recent visit to Korea. The forum was attended by high-ranking officials and businesspeople from both the Korean and Indonesian governments, who discussed avenues for cooperation.
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Based on this partnership, KIND stated that it plans to expand the identification of promising urban development projects in Indonesia and to further support overseas market entry for Korean companies.
Airlangga Hartarto, Indonesia's Coordinating Minister for Economic Affairs (left), Changhoon Seo, Head of Urban Development Business at KIND, Seung Han, Head of Overseas Business Division at Daewoo Engineering & Construction, Ferdinand Sadeli, Vice President of Sinar Mas Land, and Hangoo Yeo, Director General for Trade Negotiations at the Ministry of Trade, posing for a commemorative photo after the signing ceremony on the 1st. Provided by KIND
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