By Diplomacy Journal Lee Kap-soo SK bioscience, a global innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced on June 30 that the company has secured a large-scale commercial production facility which will support entry into the global pneumococcal vaccine market. SK bioscience held a mechanical completion ceremony to mark the expansion of its vaccine manufacturing plant, L HOUSE in Andong, South Korea, on June 27. The expanded facility will serve as a production site for GBP410, a 21-valent pneumococcal conjugate vaccine (PCV21) candida
By Diplomacy Journal Lee Kap-soo Kia Corporation (Kia) President and CEO Song Ho-sung has been honored with the prestigious Issigonis Trophy at the 2025 Autocar Awards. Named after the legendary automotive designer and inventor Sir Alec Issigonis, the Trophy is Autocar’s most prestigious award. Presented annually, it recognizes individuals who have made a significant contribution to the automotive industry through innovation, leadership and exceptional business performance. Mark Tisshaw, Editor of Autocar, commented, “We’re delighted to present Ho Sung Song with the Issigonis Trophy. We’ve bee
By Diplomacy Journal Lee Kap-soo The Women In koRea (WIR: ‘We’ in German) women leadership group of the Korean-German Chamber of Commerce and Industry (KGCCI), in partnership with Macoll Consulting Group and The Executive Center, hosted the WIR Leadership Forum 2025 on June 26 at IFC Forum in Seoul, South Korea. The forum brought together more than 80 women leaders and professionals from businesses, academic, and international organizations to explore the evolving demands of women’s leadership in today’s dynamic workplace. The forum served as a dynamic platform to celebrate the growing influen
By Diplomacy Journal Lee Jon-young SK Group's so-called “V Project” has become the subject of simultaneous investigations by the National Tax Service (NTS), police, and prosecutors, facing unprecedented legal risks. The core of the investigation centers on allegations that SK Telecom entered into a contract with its IT subsidiary SK C&C (now SK Inc. C&C) for services that were never actually performed, then transferred funds. This is suspected to have been used to artificially inflate revenue, evade taxes, and as a means to reorganize the group's corporate structure. The NTS conducted
By Diplomacy Journal Lee Kap-soo The Korean-German Chamber of Commerce and Industry (KGCCI), led by President & CEO Marie Antonia von Schönburg, hosted a high-level German delegation focused on smart welfare, senior housing, and healthcare from June 15 to 18, 2025. The visit aimed at fostering cooperation and technology exchange in smart welfare, senior housing, and healthcare, key sectors addressing the challenges of aging populations in both Korea and Germany. Organized by Germany’s Smart Living & Health Center e.V., the delegation included 22 leading experts and executives from Germ
By Diplomacy Journal Lee Kap-soo Daewoo E&C Chairman Jeong Won-ju visited Mozambique in Africa to meet with Mozambique's President Daniel Francisco Chapo and discuss current issues, the company said on June 19. During his visit to Maputo, the capital of Mozambique, on June 18, Chairman Jeong stated, “We have experience contributing to the economic development of African countries through projects such as the Botswana-Zambia Kazungula Bridge and the Ethiopia Highway Project.” He added, “I hope that Daewoo Engineering & Construction will contribute to Mozambique's leap forward as a globa
By Diplomacy Journal Lee Kap-soo H.S. Cho, Vice Chairman of HS Hyosung and current Chair of the APEC Business Advisory Council (ABAC), presided over the second ABAC meeting of 2025 held in Toronto, Canada, from May 23 to 26 (local time). As Chair, Cho led key discussions focused on enhancing international cooperation amid increasing global trade uncertainties. Over the course of the four-day event, Cho chaired five working group sessions covering core areas of economic collaboration. The meeting opened with the ABAC Chair’s meeting and a welcome dinner for council members on the 23rd, and conc
By Diplomacy Journal Lee Kap-soo The American Chamber of Commerce in Korea, led by AMCHAM Chairman and CEO James Kim, successfully concluded its four-day Washington Doorknock visit, held from July 9 to 12, 2025, the AMCHAM said on June 17. Led by AMCHAM Chairman & CEO James Kim, the high-level delegation engaged in a robust series of close to 40 meetings with senior U.S. government officials of the Trump administration, members of Congress, and leading policy institutions to advance key economic priorities in the U.S.-Korea partnership. During the visit, AMCHAM conveyed a strong message of
By Diplomacy Journal Lee Kap-soo IBK (Industrial Bank of Korea) has signed an MOU (Memorandum of Understanding) with the Luxembourg Embassy in South Korea. IBK announced on June 11 that it has signed an MOU with the Luxembourg Embassy in South Korea to support the successful entry of IBK innovative startups into European markets and their local commercialization. Through this agreement, IBK and the Luxembourg Embassy plan to jointly operate a program for domestic startups to enter the European market in the second half of this year. The program will focus on supporting participating companies
By Diplomacy Journal Lee Kap-soo Hyundai Motor Group showcased its position as a global leader in hydrogen at the World Hydrogen Summit 2025 in Rotterdam, Netherlands, May 20-22. The group took part in both the exhibition and high-level Roundtable to share its latest hydrogen initiatives and drive industry dialogue. At the Summit’s Korean Pavilion - organized in collaboration with H2KOREA, a key coalition of hydrogen industry stakeholders - the group highlighted the global advancement of hydrogen technology. The Pavilion also featured contributions from KOTRA and Doosan Fuel Cell. The group hi
By Diplomacy Journal Lee Kap-soo The awards ceremony for “The 5th Korea+Sweden Young Design Award (KSYDA)”—co-hosted by home furnishing retailer IKEA Korea, the Embassy of Sweden in Seoul, and the Korea Institute of Design Promotion (KIDP)—was held on June 4 at the Grand Hyatt Seoul, in conjunction with ‘Sweden Day,’ an annual celebration hosted by the Embassy of Sweden. Launched in 2019 to mark the 60th anniversary of diplomatic relations between South Korea and Sweden, the Korea+Sweden Young Design Award aims to expand design exchange between the 2 countries. Under the guiding principles of
By Diplomacy Journal Lee Kap-soo SK bioscience announced on May 11 that the Supreme Court of Korea has ruled in its favor in a patent infringement lawsuit filed by large global pharmaceutical giant Pfizer over its 13-valent pneumococcal conjugate vaccine (PCV13). In 2020, Pfizer claimed that SK bioscience’s export of PCV13 individual conjugate bulk substances and research-use finished products to Russia infringed on the composition patent of its vaccine, Prevnar 13. However, the Supreme Court ruled that the individual conjugates comprising PCV13 do not fall within the scope of Pfizer’s patent
By Diplomacy Journal Lee Kap-soo The Astana International Financial Centre (AIFC) hosted the business event AIFC Connect in Seoul on May 21, 2025, aimed at strengthening commercial ties between Kazakhstan and the Republic of Korea. The initiative also sought to foster new partnerships and encourage Korean entrepreneurs to engage in joint ventures through the AIFC platform. Nurgali Arystanov, Ambassador Extraordinary and Plenipotentiary of the Republic of Kazakhstan to the Republic of Korea, delivered a welcoming speech in which he emphasized the high level of the expanded strategic partnership
By Diplomacy Journal Lee Kap-soo The American Chamber of Commerce in Korea (AMCHAM) and the Korea Trade-Investment Promotion Agency (KOTRA) signed a Memorandum of Understanding (MOU) on May 15 at KOTRA headquarters to establish a strategic partnership aimed at enhancing the trade and investment environment for foreign-invested companies in Korea. Through this agreement, AMCHAM and KOTRA will work closely together to promote regulatory reform and support initiatives that advance the U.S.-Korea economic partnership. To facilitate this collaboration, the two organizations will establish a joint w
By Diplomacy Journal Lee Kap-soo Park Il-young, CEO of Korea Investment Corporation (KIC), met with Indian Ambassador to Korea Amit Kumar to discuss investment. According to the KIC on May 19, Park and Amb. Kumar met on Nov. 16. The two sides talked about expanding Korea’s investment in India. Korea Investment Corporation established its Mumbai office in April last year. It is the first overseas office in an emerging country. KIC plans to focus on securing promising alternative investment projects. It is focusing on venture capital (VC) and private equity (PE) investment opportunities stemming