State-run Korea Water Resources Corp., or K-water, will increase sharing of its water resource management solutions with developing countries, together with the Korea International Cooperation Agency.

K-water CEO Choi Gye-woon signed an agreement in Seoul on Thursday with KOICA chief Kim Young-mok to cooperate on projects to help emerging markets solve water-related issues, the company said in a press release.

Under the agreement, K-water will carry out water projects in emerging markets, while KOICA assists funding for those projects. Water projects in emerging markets will vary from the construction of infrastructure for water resource management to research projects.

K-water has been involved in water projects in 20 emerging countries, funded by official development assistance programs. 

One success case is the Krang Ponley project in Cambodia, which built dams, canals and other structures in the Krang Ponley river basin in northwest Phnom Penh, the capital of Cambodia. The project also involves construction of a hydraulic plant in the river area.

“The company will continue to expand its contribution to economic development of emerging markets by offering them advanced water solutions and creating jobs,” K-water said in the press release.

By Seo Jee-yeon (jyseo@heraldcorp.com)