Korea Heavy Industry & Development

What Korea Heavy Industry & Development does

Korea Heavy Industry & Development (KHIND) is a privately held Seoul-headquartered Korean corporation founded in 2015 that operates a diversified portfolio spanning waste-to-energy infrastructure, medical devices, international rail project development, and petroleum trading. Its core energy offering is the G-District waste-to-energy project, which deploys plasma ultra-high-temperature combustion technology (sourced from Czech firm Skoda JS) to build 500MWH incineration power plants that process approximately 7 million tons of waste annually per plant, with signed MOUs in Sierra Leone and the Democratic Republic of Congo and additional countries in negotiation. KHIND also holds a 50% equity stake in Czech ventilator manufacturer MICo Medical s.r.o. and distributes the CoroVent ventilator globally, alongside a broader medical device portfolio under the Grace Tree brand (COVID-19 antigen/antibody rapid test kits, self-test kits, PCR Express, non-contact thermometers, and the Virus Cleaner ozone plasma space sterilizer), exclusive global distribution rights for the IY POLY antibody nasal spray, and partnership-based global distribution of the Flash-M RTTS real-time COVID-19 diagnostic system developed with US-based HNu Photonics.

KHIND's go-to-market operates across multiple B2B channels: direct engagement with government officials for large infrastructure concessions and public-private partnerships, global distribution subsidiaries (KHIND International in the US for online sales, KHIND EU s.r.o. in the Czech Republic for EU medical device distribution), and certified distributor networks across Brazil, the Philippines, and Thailand. Revenue is generated through a mix of medical device unit sales (CoroVent priced at ~17,500 EUR versus $50,000+ for conventional ventilators), licensing and distribution margins on IY POLY and Grace Tree products, project development fees and government concessions for G-District waste-to-energy plants (concession model combining waste import fees from developed nations with electricity sales to host governments), and transaction-based fees from LNG and petroleum trading. The company serves African and developing nation governments (waste-to-energy and electricity supply), European government healthcare agencies and hospitals (medical devices), and European government transportation authorities (rail project management for the Vienna-Kosice corridor and Paraguay rail), with the UIC first-Korean-membership serving as a regulatory entry point into international rail development.

Name

Korea Heavy Industry & Development

Legal name

코리아중공업개발공사 (Korea Heavy Industry & Development Co., Ltd.)

Website

https://khind.co.kr

Company type

Private

Founded year

2015

Operating status

Operating

Short description

KHIND is a private Seoul-based Korean holding company operating across waste-to-energy infrastructure, medical device distribution, rail project development, and petroleum trading, serving African and European governments and healthcare agencies through G-District power plants, CoroVent ventilators, Grace Tree diagnostics, and IY POLY nasal spray.

Ownership category

akta.pro rank

Product category

International Energy and Infrastructure Development

NAICS

Utilities (22), Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing (333413), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341)

SIC

Electric, Gas & Sanitary Services (4900), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

WtE Plant Development, EPC & O&M Services (Project delivery and operations) (EUAAAKAK)

akta.pro secondary industries

Auxiliary Systems EPC (Station Service, HVAC, Fire Protection, Security) (EUAEADAK), Air Quality & Filtration Equipment (IAQ) (IMAHAKAI)

Keywords

• Waste-to-energy projects
• Medical device distribution
• International infrastructure development
• Rapid diagnostic kits
• Energy project finance

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Marketing or Sales, Technology or R&D, Operations

Revenue model

1. International Energy Development & Infrastructure Projects: KHIND develops and invests in large-scale international projects including waste-to-energy power plants (G-District in Africa), nuclear power projects, and rail infrastructure. Revenue is generated through project development fees, government contracts, and power sales agreements with African governments.
2. Medical Device Global Distribution: KHIND distributes medical devices including CoroVent ventilators, Grace Tree rapid diagnostic kits, IY POLY antibody spray, and Virus Cleaner space disinfectors globally. Acquired 50% stake in Czech manufacturer Mico Medical. Products hold FDA, EU (SKUL), and Korean regulatory approvals for global distribution.
3. Global Distributor and Licensing Revenue: KHIND serves as exclusive European distributor and global distributor for products including IY POLY antibody nasal spray and Grace Tree medical devices. Revenue comes from product sales margins and licensing arrangements.
4. LNG and Petroleum Trade: KHIND trades liquefied LNG and petroleum products internationally, handling development and international distribution of crude oil and gas fields (notably in Venezuela) and exporting gas/oil from Turkmenistan and Middle East to Europe.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels4 records

Core offering

KHIND develops and invests in large-scale international projects — primarily waste-to-energy power plants (G-District) in African nations, cross-border rail infrastructure in Europe, and global distribution of medical devices including CoroVent ventilators, Grace Tree COVID-19 diagnostic kits, IY POLY antibody nasal spray, and the Virus Cleaner space sterilizer. The company operates across four business divisions: international trade and development, PPP and international finance, energy and natural resource trade and development, and international finance and securitization.

Product overview

KHIND (Korea Heavy Industry & Development) is a diversified company operating across energy infrastructure, international development, and medical devices. The product portfolio includes: (1) medical devices under the Grace Tree brand - rapid COVID-19 diagnostic kits (antigen, antibody, self-test variants, PCR Express), thermometers, and the Grace Tree Virus Cleaner space sterilizer; (2) the CoroVent ventilator - a Czech-manufactured COVID-19 dedicated lung ventilator with KHIND holding 50% stake in the manufacturer Mico Medical; (3) IY POLY - a nasal spray antibody product with exclusive global distribution rights; (4) Flash-M. RTTS - a real-time COVID-19 diagnostic system using spectral imaging; and (5) the G-District waste-to-energy infrastructure project in Africa. Business divisions encompass international trade & development, PPP & international finance, energy & natural resource development, and international finance & securitization.

Differentiator

Problem solved

Functional benefit

Brands

• Grace Tree: Medical devices brand including rapid diagnostic kits, thermometers, and space sterilizers for COVID-19 response products
• CoroVent
• IY POLY
• Flash-M RTTS

Products and services

• CoroVent Ventilator COVID-19 dedicated lung ventilator manufactured by Czech partner MICo Medical with low-power motor enabling 24-hour continuous operation, priced at approximately 17,500 EUR (roughly one-quarter the cost of conventional ventilators). Distributed by KHIND globally and used by hospitals and government health agencies during the COVID-19 pandemic.
• IY POLY Antibody Nasal Spray World's first antibody nasal spray derived from chicken egg yolk cells; one application provides 8-hour protection by blocking virus transmission. Distributed by KHIND to US, European, and global markets through KHIND International and KHIND EU s.r.o.
• Flash-M RTTS (Real-Time Test System) World's first real-time COVID-19 diagnostic system that uses spectral and thermal imaging cameras to capture facial images and compare against patient data, delivering results within 3 seconds (under 1 second in Korea) with 95–100% accuracy, distributed globally by KHIND.
• G-District Waste-to-Energy Plant Large-scale waste-to-energy renewable energy plant that uses plasma ultra-high-temperature incineration to convert imported plastic, vinyl, and rubber waste into electricity. Each 500MWH plant processes roughly 7 million tons of waste annually and supplies electricity to host African governments.
• Grace Tree COVID-19 Ag Rapid Test Kit COVID-19 antigen rapid diagnostic kit using direct coronavirus culture for comparison, with preliminary results in 2 minutes 30 seconds and full analysis within 15 minutes; manufactured and exported by KHIND through the Grace Tree brand for institutional and retail distribution.
• Grace Tree COVID-19 Self-Test Kits (Nasal 12cm, Nasal 5cm, Saliva) Home-use COVID-19 self-test kits offering 12cm and 5cm nasal swab and saliva-based formats, approved for self-diagnosis use in Czech Republic and sold through pharmacies and retail channels.
• Grace Tree Covid-19 Multi (Antigen + Influenza) Combo Kit Multi-pathogen rapid test kit detecting COVID-19 and influenza simultaneously, enabling differential diagnosis for similar respiratory symptoms under the Grace Tree brand distributed by KHIND.
• PCR Express Rapid PCR Diagnostic Device Rapid PCR diagnostic device that delivers COVID-19 test results within 20 minutes, significantly faster than standard PCR testing, marketed under the Grace Tree brand by KHIND.
• GraceTree-IFT-9240 Non-Contact Digital Thermometer FDA-registered non-contact digital infrared thermometer manufactured in Korea with enhanced accuracy, design, and performance relative to generic Chinese alternatives, sold to government and medical customers under the Grace Tree brand.
• Grace Tree Virus Cleaner Space Sterilizer Ozone gas plasma-based space sterilizer developed with Kwangwoon University technology, with three coverage levels (15-pyeong, 30-pyeong, 50-pyeong) that kill bacteria and viruses while maintaining ozone below WHO-recommended 0.05ppm levels. Sold under the Grace Tree brand by KHIND for institutional and consumer disinfection.
• International Trade & Development Project Origination KHIND business division originating and managing international trade and development projects for sovereign and enterprise clients, including crude oil and gas field development, LNG and petroleum trading, and cross-border infrastructure commercialization.
• UIC-Compliant Rail Infrastructure Project Management Project management services for international cross-border rail infrastructure projects under UIC standards, including pursuits such as the Austria-Slovakia Vienna-Kosice 600km corridor (~$10B USD) and the Paraguay Curupayty-Presidente Franco corridor (~$3.1B USD).

Quantifiable outcome

• CoroVent ventilator price at ~$20,000-$25,000 vs. $50,000+ for conventional ventilators — enabling 4x more patients to receive life-saving treatment per budget
• +4 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered core, minor and flagship.

• OMR / Hooniz (Japan/Korea)coreOEM/ Whitelabel/ Licensing Partner · 31 May 2022KHIND secured exclusive European distribution and global distributor rights for IY POLY — world's first antibody nasal spray derived from chicken egg yolk cells. Japanese company OMR developed the source technology; Korean company Hooniz manufactures the product. KHIND is one of three certified global distributors (alongside KHIND International and Yurinano Tech).
• HNu Photonics LLC (USA)coreTechnology or Integration · 7 October 2021KHIND signed contract with US biotech company HNu Photonics LLC to develop and distribute the Flash-M Real-Time Test System (RTTS) — the world's first real-time COVID-19 diagnostic system using spectral imaging technology. KHIND holds worldwide distribution rights for this product.
• Sierra Leone Ministry of EnergycoreStrategic or Co-development Partner · 22 June 2021KHIND signed MOU with Sierra Leone's Ministry of Energy (led by Alhaji Kanja I. Sesay) for construction and operation of a 500MWH waste-to-energy incineration plant and waste import. Government provides 250-acre landfill site and plant site. KHIND established local subsidiary KHIND WASTE PROCESS for project execution.
• Government of Democratic Republic of CongocoreStrategic or Co-development Partner · 1 February 2021KHIND received official government approval for G-District waste-to-energy project in DRC. Government will provide 250-acre operating landfill and additional land for plant construction. 500MWH power plant planned. Project is one of six countries with signed/in-progress G-District agreements.
• MICo/MICo Medical (Czech Republic)coreStrategic or Co-development Partner · 5 September 2020KHIND acquired 50% equity stake in MICo Medical, the Czech manufacturer of CoroVent ventilators. KHIND previously held global distribution rights and now serves as half-partner for distribution and sales. The partnership enables KHIND to expand from distributor to joint manufacturer, with plans for Korean factory development for future ventilator models.
• Jeonbuk Province Government (South Korea)minorStrategic or Co-development Partner · 26 July 2019KHIND signed agreement with Jeonbuk Province Governor Song Ha-jin to cooperate on using Korean plastic waste resources for Africa energy circular economy project. Governor Song expressed strong interest in solving domestic waste problems through KHIND's G-District model.
• Skoda JS (Czech Republic)flagshipTechnology or IntegrationKHIND agreed to acquire Skoda JS, a Czech nuclear technology supplier, from Russian Gazprom Bank. Skoda JS manufactures reactor pressure vessels and nuclear equipment, serving nuclear plants in Slovakia (Mochovce), Ukraine (Rovno), UK (Hinkley Point), and France. The acquisition was intended to enable KHIND's entry into nuclear power project development and bypass sanctions limiting Russian-owned suppliers.

Scale indicators9 records

Recent moves9 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key highlights7 records

Customer concentration

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Korea Heavy Industry & Development