Most Popular
-
1
Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
-
2
Wealthy parents ditch Korean passports to get kids into international school
-
3
First snow to fall in Seoul on Wednesday
-
4
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
5
Man convicted after binge eating to avoid military service
-
6
S. Korea not to attend Sado mine memorial: foreign ministry
-
7
Final push to forge UN treaty on plastic pollution set to begin in Busan
-
8
Korea to hold own memorial for forced labor victims, boycotting Japan’s
-
9
Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
-
10
Nvidia CEO signals Samsung’s imminent shipment of AI chips
[THE INVESTOR] The Korea Overseas Infrastructure Fund could make its first investment within the year, local media reported on Oct. 14.
The Korea Overseas Infrastructure Fund was established last year with an initial capital of US$2 billion.
According to reports, the Ministry of Land, Infrastructure and Transport has narrowed the candidates to three overseas projects led by South Korean companies. Citing unnamed construction industry sources, the reports said that the ministry plans to make its recommendations to the Korea Investment Corporation within October.
The shortlisted projects are a roadbuilding project in Kazakhstan, solar power project in Australia and a hydroelectric power project in the Solomon Islands.
Of the three, the Kazakhstan project is reported to have gained the most attention.
The US$900 million project will see the construction of a 66-kilometer road, and the consortium led by SK E&C and the Korea Expressway Corporation has been selected as the preferred bidder.
The hydropower project is led by the state-run water resource developer K-Water and Hyundai Engineering, while the Australian projected is headed by Hanwha Energy.
The projects reportedly offer between 6 percent and 10 percent annual returns, and the Korea Investment Corporation could choose to invest in all three projects, reports said.
By Choi He-suk (cheesuk@heraldcorp.com)
The Korea Overseas Infrastructure Fund was established last year with an initial capital of US$2 billion.
According to reports, the Ministry of Land, Infrastructure and Transport has narrowed the candidates to three overseas projects led by South Korean companies. Citing unnamed construction industry sources, the reports said that the ministry plans to make its recommendations to the Korea Investment Corporation within October.
The shortlisted projects are a roadbuilding project in Kazakhstan, solar power project in Australia and a hydroelectric power project in the Solomon Islands.
Of the three, the Kazakhstan project is reported to have gained the most attention.
The US$900 million project will see the construction of a 66-kilometer road, and the consortium led by SK E&C and the Korea Expressway Corporation has been selected as the preferred bidder.
The hydropower project is led by the state-run water resource developer K-Water and Hyundai Engineering, while the Australian projected is headed by Hanwha Energy.
The projects reportedly offer between 6 percent and 10 percent annual returns, and the Korea Investment Corporation could choose to invest in all three projects, reports said.
By Choi He-suk (cheesuk@heraldcorp.com)
![[More than APT] Residents, architects together design homes](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/11/24/20241124050036_0.jpg&u=)
