# Ministry of Land, Infrastructure and Transport

Ministry of Land, Infrastructure and Transport is a Government / Public Body based in Sejong City, South Korea.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Sejong City, South Korea
- **Region:** Asia
- **Address:** Sejong City, South Korea
- **Founded:** 1948
- **Assets under management:** Undisclosed
- **Website:** molit.go.kr
- **LinkedIn:** https://www.linkedin.com/company/ministry-of-land-infrastructure-and-transport-rok

## Regulatory record

- **Reports private funds:** No

## About

Ministry of Land, Infrastructure and Transport is a cabinet-level division of the South Korean government. Founded in 2013, it is based in Sejong, South Korea. The ministry has made one investment, in Mr. Dad, as part of a grant on November 17, 2025.

## Sectors

- Infrastructure
- Real Estate
- Transportation & Logistics
- Energy Transition & Renewables
- Industrial Tech

## People

- Kim Yun-duk — Minister of Land, Infrastructure and Transport

## Questions

### Who runs investment decisions at MOLIT?

Minister Kim Yun-duk holds the portfolio as of early 2025, but MOLIT does not function as a traditional investment office with a single CIO or investment committee. Capital allocation decisions are distributed across bureaus — rail, aviation, housing, land development — each managing budget lines approved through South Korea's national legislative process. Key project-level execution flows through state-owned enterprises under MOLIT's supervision, including Korea Land and Housing Corporation (LH) and Korea Railroad Corporation (KORAIL).

### How does MOLIT source and develop infrastructure projects?

MOLIT operates as a central-planning and regulatory body that originates projects through national master plans — such as the National Transport Network Plan and Comprehensive Housing Plan — updated on multi-year cycles. Individual projects undergo pre-feasibility studies by the Korea Development Institute before budget allocation. For overseas deployment, the Korea Overseas Infrastructure Fund (KOIF) and PIS Fund seek co-investment opportunities alongside Korean engineering and construction firms pursuing export contracts.

### Does MOLIT participate in fund commitments or only direct project development?

MOLIT does both. Direct project development — GTX rail lines, the Saemangeum reclamation, Gadeokdo New Airport — represents the bulk of its domestic deployment. It also seeds and capitalizes dedicated funds: the Housing City Fund for residential programs, the Korea Overseas Infrastructure Fund for outbound infrastructure, and the Plant, Infrastructure, and Smart City (PIS) Fund for smart-city and plant-export projects. These funds often serve as anchor limited partners, attracting private institutional co-investors.

### What is the Saemangeum Development Project, and why does MOLIT prioritize it?

Saemangeum is a 409-square-kilometer land-reclamation project on South Korea's west coast in Jeonbuk State, initiated with a 33-kilometer seawall completed in 2010. MOLIT treats it as a multi-generational land bank for industrial, agricultural, and tourism development — increasingly positioned as a testbed for hydrogen mobility corridors and autonomous robotics, in partnership with Hyundai Motor Group. The site remains under active fill and infrastructure buildout, with phased tenant recruitment ongoing.

### How is MOLIT related to South Korea's sovereign wealth funds?

MOLIT is not a sovereign wealth fund and does not manage a consolidated investment portfolio comparable to Korea Investment Corporation (KIC) or National Pension Service (NPS). Its capital deployment is budget-driven, project-specific, and executed through annual appropriations and dedicated public funds. However, the Korea Overseas Infrastructure Fund and PIS Fund function as de facto sovereign co-investment vehicles for infrastructure export deals, overlapping in mandate with development-finance institutions.

### What role does Hyundai Motor Group play in MOLIT's infrastructure strategy?

Hyundai Motor Group is MOLIT's most visible private-sector partner on emerging-technology infrastructure, collaborating on the Saemangeum robotics and hydrogen hub development. The partnership aligns with South Korea's national hydrogen economy roadmap, which MOLIT co-administers, and positions Saemangeum as a demonstration zone for autonomous logistics, hydrogen refueling corridors, and advanced air mobility infrastructure.

## Related profiles

- [Ministry of Health and Welfare](https://altss.com/profile/ministry-of-health-and-welfare)
- [Ministry of Micro, Small and Medium Enterprises](https://altss.com/profile/ministry-of-micro-small-and-medium-enterprises)

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Last updated: 2026-06-03T20:00:00.000Z

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