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Business South Korea's arms exports to NATO states ranked 2nd from 2020-24
By Diplomacy Journal Lee Kap-soo South Korea's weapons exports to NATO member states over the past five years are second only to those of the U.S., the Korea. Net reported. Korea is an emerging power in the global weapons sector due to swift delivery and competitive pricing. The British weekly Economist on Aug. 31 said this in quoting a report in March by the Sweden-based Stockholm International Peace Research Institute, "Trends in International Arms Transfers, 2024." Korea tied with France from 2020-24 for second place in arms exports to NATO member countries with 6.5% each. The U.S., the wor
- Lee 기자
- 2025-09-12 14:42
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Business ICCK and Khaitan & Co. hold a business seminar for Korean investors
By Diplomacy Journal Lee Kap-soo The Indian Chamber of Commerce in Korea (ICCK), in collaboration with Khaitan & Co., a top-tier leading law firm in India, held a business seminar on “India Market Insights: A Guide for Korean Investors” at Andaz Seoul Gangnam Hotel on Sept. 9, 2025. At the business seminar designed to guide Korean investors through the practical aspects of doing business in India, Ramesh Iyer, Chairman of ICCK, said in a welcoming address, “During the seminar, we will offer key insights and real-world case studies to help understand crucial business and regulatory consider
- Lee 기자
- 2025-09-11 15:58
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Business Samsung’s 2025 OLED TV certified as a VDE ‘Real Black’ display
By Diplomacy Journal Lee Kap-soo Samsung Electronics announced on Sept. 8 that its 2025 OLED TV (S95F model) has been officially certified as a Real Black display by the Verband der Elektrotechnik (VDE), a leading electrical engineering certification institute in Germany. By meeting the required standards to be genuinely considered Real Black, Samsung has proven that its OLED technology delivers a true black viewing experience. The certification validates the OLED display’s crisp, reflection-free images with near-perfect blacks measured below 0.005 nits in dark environments, as well as black a
- Lee 기자
- 2025-09-11 14:11
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Business AMCHAM hosts Blockchain Seminar 2025 with 70 business leaders
By Diplomacy Journal Lee Kap-soo The American Chamber of Commerce in Korea (AMCHAM) hosted the “Blockchain Seminar 2025” on Sept. 10 at the Grand Intercontinental Seoul Parnas under the theme “Bridging Worlds: Traditional Finance Meets the Digital Economy.” The event brought together over 70 leaders from multinational corporations, financial institutions, and technology firms to explore how blockchain innovation is reshaping the global financial system and Korea’s role in this transformation. The seminar featured a distinguished lineup of global experts and thought leaders who shared insights
- Lee 기자
- 2025-09-11 11:16
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Business LG Chem joins hands with Toyota to accelerate cathode materials market entry
By Diplomacy Journal Lee Kap-soo LG Chem announced on Sept. 9 that Toyota Tsusho Corporation had acquired a 25% stake in LG-HY BCM, the company’s cathode materials plant in Gumi, thereby joining as the second-largest shareholder. Toyota Tsusho, the general trading company of the Toyota Group, plays a vital role in Toyota Motor’s raw material procurement. With Toyota Tsusho’s investment, the shareholding structure of the Gumi plant has shifted to LG Chem (51%), Toyota Tsusho (25%) and Huayou Cobalt (24%, down from 49%). This adjustment ensures the venture meets the newly redefined PFE criteria
- Lee 기자
- 2025-09-10 11:46
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Business LG CEO William Cho pursues the Global South growth strategy
By Diplomacy Journal Lee Kap-soo LG Electronics CEO William Cho is advancing the company’s Global South growth strategy through a strategic partnership to provide cooling solutions for an AI data center under development in Oxagon, the industrial hub of Saudi Arabia’s NEOM City project. On September 2 in Riyadh, Cho met with Abdulelah Abunayyan, Chairman of SHAKER Group, the manufacturer and sole distributor of LG Air Conditioners, following the 30th anniversary of the strategic partnership; and Rajit Nanda, CEO of DATAVOLT, a global data infrastructure provider. The parties signed a memorandu
- Lee 기자
- 2025-09-08 16:54
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Business Kia Corp. celebrates its one millionth car sale in Australia
By Diplomacy Journal Kayla Lee Kia Corporation is celebrating its one millionth sale in Australia on September 4, 2025. The milestone vehicle, a Tasman X-Pro Dual Cab pickup, purchased from Motorama Kia in Queensland, reflects the brand’s growing popularity in the region and its ability to adapt to customer needs. Kia first entered the Australian market in 1988 with the launch of the Rocsta. It took three decades to reach 500,000 cumulative sales in 2018 – a significant achievement. Yet in just seven years, Kia has doubled that figure, reaching the one million mark. This rapid growth highlight
- Kayla Lee 기자
- 2025-09-08 15:33
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Business Hanwha Aerospace enhances strategic cooperation with WITU of Poland
By Diplomacy Journal Lee Kap-soo Hanwha Aerospace, and its Europe based subsidiary Hanwha Aerospace Europe, along with the Polish Military Institute of Armament Technology (WITU), have signed a strategic cooperation MOU during the MSPO 2025 international defence exhibition. This agreement paves the way for deeper industrial cooperation and is a foundational step toward strengthening Poland's sovereign defence capabilities, particularly in the ammunition sector. Under this MOU, Hanwha Aerospace and WITU have agreed to collaborate on various aspects of ammunition technology, including the design
- Lee 기자
- 2025-09-08 14:10
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Business KGCCI hosts “Guide Walkers” joint CSR event in Seoul
By Diplomacy Journal Lee Kap-soo The Korean-German Chamber of Commerce and Industry (KGCCI, President & CEO Marie Antonia von Schönburg) hosted “Guide Walkers” joint CSR event on September 7, 2025, at Sangam World Cup Park in Seoul, South Korea. This year’s event marked a milestone, with over 700 colleagues and partners from KGCCI and its member companies joining as “Guide Walkers” for individuals with visual impairments at the 11th Harmony Marathon with the Visually Impaired, co-organized by Seoul Disabled Sports Association and KGCCI. Launched in 2023 to commemorate 140th anniversary of
- Lee 기자
- 2025-09-08 11:49
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Business 2025 Korean-German Business Forum on Offshore Wind Energy held
By Diplomacy Journal Lee Kap-soo The Korean-German Chamber of Commerce and Industry (KGCCI, President & CEO Marie Antonia von Schönburg), in cooperation with the German Embassy Seoul and think tank adelphi under the Korean-German Energy Partnership, supported by RWE Renewables, TÜV SÜD, Maschinenfabrik Reinhausen, Skyborn Renewables, and BayWa r.e., hosted the 2025 Korean-German Business Forum on Offshore Wind Energy on September 5 at the Four Seasons Hotel Seoul. Held under the theme of “Offshore Wind Special Act and Beyond,” the forum brought together over 200 key stakeholders from Korea
- Lee 기자
- 2025-09-05 17:00
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Business FDI team newly launched to boost foreign investment effectiveness
By Diplomacy Journal Kayla Lee The Ministry of Trade, Industry and Energy held a launching ceremony on Sept. 4 for the team to boost the effectiveness of foreign direct investment (FDI) in the country and provide support at the Korea Trade Insurance Corp. in Seoul's Jongno-gu District. Participants included officials from the ministry, foreign investment companies, Korea Trade-Investment Promotion Agency, Seoul Metropolitan Government, Ministry of Land, Infrastructure and Transport, Chungcheongnam-do Province and Incheon Port Authority. The team is designed to manage the entire process from in
- Kayla Lee 기자
- 2025-09-05 16:43
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Business Hanwha Aerospace joins hands with Nortal and SensusQ of Estonia
By Diplomacy Journal Lee Kap-soo Hanwha Aerospace has signed a Memorandum of Understanding (MOU) with leading Estonian software companies Nortal and SensusQ on September 3 at the International Defence Industry Exhibition (MSPO) in Poland. This agreement establishes a partnership to jointly develop a state-of-the-art Battlefield Management System (BMS) for a wide range of platforms including Hanwha’s Redback Infantry Fighting Vehicle (IFV). BMS is an essential tool for military operations, providing integrated information acquisition and processing to enhance command and control. It provides a
- Lee 기자
- 2025-09-05 14:10
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Business Global Startup Day held in Jeju in conjunction with APEC
By Diplomacy Journal Lee Kap-soo The Ministry of SMEs and Startups hosted Global Startup Day in Jeju in conjunction with the APEC Small and Medium Enterprises Ministerial Meeting (SMEMM) at the Jeju International Convention Center (ICC JEJU) for two days, from September 3 to September 4, 2025. As one of the sectoral ministerial meetings of the Asia-Pacific Economic Cooperation (APEC), the APEC SMEMM has been held annually since 1994 to discuss issues concerning SMEs, startups, and micro enterprises within the APEC region. This event was organized under the goal of realizing the three core agen
- Lee 기자
- 2025-09-05 11:52
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Business 2025 Global Forum on Mechanical Engineering to be held in Seoul
By Diplomacy Journal Lee Kap-soo The Korea Institute of Machinery and Materials (KIMM), under the National Research Council of Science & Technology (NST), will host the 2025 Global Forum on Mechanical Engineering on September 26 at the National Assembly Library Auditorium in Seoul. The forum is co-organized with National Assembly members Seung-Rae Cho and Jung-A Hwang of the Democratic Party of Korea, and Hyung-Doo Choi and Chung-Kwon Park of the People Power Party. This year marks the 12th annual forum, under the theme “The Future of Humanoid AI and Robotics.” The forum will examine the e
- Lee 기자
- 2025-09-04 16:54
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Business Trade Minister Yeo discusses trade Issues with his UK counterpart
By Diplomacy Journal Lee Kap-soo Minister for Trade Yeo Han-koo met with the UK’s Minister of State at the Department for Business and Trade Douglas Alexander in Seoul on September 1. The two sides exchanged views on industrial and trade policy directions in the current global trade environment and discussed ways to expand bilateral cooperation. The UK is Korea’s 25th-largest trading partner, with bilateral trade totaling $11.2 billion in 2024. Since the Korea-UK Free Trade Agreement (FTA) entered into force in January 2011, trade between the two countries has remained strong. The UK is also o
- Lee 기자
- 2025-09-04 16:30
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Sawasdee Seoul Thai Festival 2025 opens in Korea
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KGCCI hosts “Guide Walkers” joint CSR event in Seoul
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LG CEO William Cho pursues the Global South growth strategy
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'UN 80th Anniversary Commemorative Concert' to be held in Busan
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[Special Feature] Korean and Chinese youth connect the future beyond friendship
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A D-365 commemorative event before 2026 Yeosu World Island Expo held
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2025-09-12 14:42
South Korea's arms exports to NATO states ranked 2nd from 2020-24
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2025-09-12 14:26
Tourism emerging as national brand of the New Uzbekistan
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2025-09-12 14:16
A strong impetus for business development
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2025-09-12 11:35
Foreign Minister Cho asks U.S. senators for support in improving visa system
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2025-09-12 10:36
Science Minister Bae meets with Kazakhstan's counterpart Sayasat Nurbek
Address: Doosan We've Pavilion 1203, Sambong-ro 81, Jongno-gu, Seoul
Date of first registration: Founded in 1996 as UN News, changed its name to The Diplomatic Journal in 2009
Registration No.: Jongno Ra00125/ Registration Date: 2009-04-14/ Registration Number: Seoul 아54606 / Registration Date: Dec. 13, 2022
Publisher: Damwha Media Group Chairman Lee Jon-young
Editor in Chief: Lee Jon-young/ Vice Chairman: Chung Bo-won/ Standing Advisor Lee Keon-chan / Senior Editorial Writer Ko Jae-hwe / Editorial Writer Lee Se-hoon / Managing Editor Lee Kap-soo/ Cultural Editor Lee Joon-seok/ Political Editor Lim Han-choong/ U.S. Branch Head Kim Joon-bae/ Business Editor Kayla Lee
Phone number: 02-3417-1010 | 02-396-5757
E-Mail: djournal3417@gmail.com
UPDATE: 2025년 09월 12일 14시 42분