By Diplomacy Journal Lee Kap-soo SML Biopharm, a South Korea-based biotech company specializing in mRNA-based therapeutics, announced on May 8 that it has signed a memorandum of understanding (MOU) with French biotechnology firm Affilogic to collaborate on the development of next-generation targeted drugs using mRNA-LNP (lipid nanoparticle) technology. The agreement aims to integrate Affilogic’s proprietary Nanofitin targeting technology with SML Biopharm’s mRNA-LNP platform. Under the MOU, the two companies will explore opportunities to combine their respective core technologies to develop in
By Diplomacy Journal Lee Kap-soo SK bioscience has been selected for the Korea Disease Control and Prevention Agency (KDCA)’s Priority Infectious Disease Pandemic Preparedness Rapid R&D Support Program, the company said on May 6. This government-led initiative aims to develop vaccines against avian influenza – identified as a high-risk candidate for the next pandemic. SK bioscience was chosen for its proven technological capabilities as the only domestic company to have commercialized cell-culture-based vaccines for both influenza and COVID-19. Under the program, SK bioscience and KDCA wil
By Diplomacy Journal Lee Kap-soo The Korean-German Chamber of Commerce and Industry (KGCCI, President & CEO Marie Antonia von Schönburg) signed a Memorandum of Understanding (MoU) with NVISIONS (operating Dialogue in the Dark) in Seoul, South Korea on May 7, to strengthen their partnership and advance shared values of inclusion, diversity, and responsible business practices. This partnership marks a significant milestone in KGCCI’s efforts to foster diversity, equity, and inclusion (DEI) through impactful corporate social responsibility (CSR) programs. Originating in Germany, Dialogue in t
By Diplomacy Journal Lee Kap-soo Hanwha Systems will take charge of developing the multi-function radar of LAMD(Low Altitude Missile Defense) often referred to as ‘Korean-style Iron Dome’, the company announced on April 30. Hanwha systems had been selected as the prototype developer for the LAMD multi-function radar, a project led by the Agency for Defense Development (ADD). The contract is valued at KRW 131.5 billion and is scheduled for completion by November 2028. Hanwha systems aims to develop a next-generation radar system that surpasses the capabilities of Israel`s Iron Dome in handling
By Diplomacy Journal Lee Kap-soo “Azerbaijan is intensively investing in advancement of Alat Free Economic Zone. Alat Free Economic Zone with its multiple advantages for the investors is a unique opportunity for Korean companies and investors willing to engage with our region,” said Ambassador Ramin Hasanov of the Republic of Azerbaijan to South Korea on April 30. Delivering welcoming remarks at an event entitled, “Alat Free Economic Zone: unlocking potential for Korean manufacturing companies,” Ambassador Hasanov said, “Its central location and proximity to large production and export centers
By Diplomacy Journal Lee Kap-soo SK bioscience announced on May 1 that the company co-hosted the 2025 Park Mahn Hoon Award with the International Vaccine Institute (IVI), the world’s only international organization devoted to the discovery, development, and delivery of vaccines for global health, at the Four Seasons Hotel in Seoul on April 30. Now in its fourth year, this year’s Park Mahn Hoon Award honored four distinguished recipients: △Prof. Pierre van Dammeand and Dr. Ananda Sankar Bandyopadhyay, recognized for their leadership in vaccine research, including the development of a geneticall
By Diplomacy Journal Lee Kap-soo The Korean-German Chamber of Commerce and Industry has signed a Memorandum of Understanding (MoU) with Seoul Blind Union on April 30 to deepen their cooperation and advance joint corporate social responsibility (CSR) efforts focused on inclusion and support for individuals with visual impairments. The MoU, signed on April 30th, marks a meaningful milestone in KGCCI’s growing social impact agenda and underscores the German business community’s collective commitment to creating a more inclusive and compassionate society in Korea beyond business. This partnership
By Diplomacy Journal Lee Kap-soo Deputy Finance Minister Julapun Amornvivat of Thailand has invited South Korean investors to invest in the Thai government’s sustainable finance initiatives. “I would like to invite South Korean investors to invest in the financial sector in Thailand through the Thai government’s newly unveiled Thailand Financial Hub initiatives,” Mr. Julapun told during the 2025 Ignite Thailand–Korea Business Forum held at the Lotte Hotel Seoul on April 22. Delivering a welcoming speech at the forum, Thai Ambassador to Korea Tanee Sangrat said, “This forum is the first importa
By Diplomacy Journal Kayla Lee The Korean-German Chamber of Commerce and Industry (KGCCI, President & CEO Marie Antonia von Schönburg), hosted the 4th Ausbildung Graduation Ceremony, in collaboration with BMW Group Korea, MAN Truck & Bus Korea, Mercedes-Benz Korea, and Volkswagen Group Korea, at the Grand Hyatt Seoul on April 24, 2025. The Ausbildung program, introduced by KGCCI in Korea, combines 70% practical industry training with 30% theoretical education. Upon successful completion, trainees are awarded an official Ausbildung certificate jointly issued by the Association of German
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 April 23 that it has won a final victory in a patent invalidation lawsuit against Moderna, the global developer of mRNA COVID-19 vaccines. SK bioscience filed the nullity suit over the Moderna’s patent on ‘Modified nucleosides, nucleotides, and nucleic acids and uses thereof’ in 2023. This is the only registered patent related to mRNA manufacturing technology in Korea. After nearly two years of review, the Korean Intellectual
By Diplomacy Journal Lee Kap-soo Lee Yong-bae, CEO of Hyundai Rotem met with Ambassador of India to South Korea Amit Kumar at the Embassy of India in Seoul on April 16 to discuss possibility of cooperation between the two countries. During the meeting, the two sides discussed the possibility of cooperation on rail vehicles, defense, smart logistics, automation solutions, and hydrogen energy infrastructure. CEO Lee explained Hyundai Rotem's core business and its specialties such as eco-friendly technology development, product innovation, and timely delivery. Hyundai Rotem entered the Indian mar
By Diplomacy Journal Lee Kap-soo H.E. Georg Schmidt, Ambassador of Germany to Korea, Joern Beissert, Deputy Ambassador of Germany to Korea, and Dennis Bloch, Economic Counsellor of the Embassy of Germany to Korea, visited the headquarters of Webasto Korea, an innovative system partner for the mobility industry and its production plant in Ulsan. The visit symbolizes Webasto Korea's growth and strengthening of its presence in the Korean market since becoming a fully owned subsidiary of the Webasto Group in 2019. The ambassador and his delegation toured production lines and met with management to
By Diplomacy Journal Lee Kap-soo The Korean-German Chamber of Commerce and Industry (KGCCI), in collaboration with Busan Metropolitan City, hosted the KGCCI Economic Outlook 2025 on April 15 at Paradise Hotel Busan, South Korea. The event was followed by a special reception, jointly organized by KGCCI and the German Embassy, bringing together around 130 business leaders, government officials, industry experts and members of the German community in Korea. The event aimed to deliver in-depth insights into the evolving landscape of Korean-German business relations, alongside an analysis of the cu
By Diplomacy Journal Lee Kap-soo Genesis BBQ hosted an official tea time event, “Strawberry Afternoon Tea,” with the British Chamber of Commerce in Korea (BCCK) at its Songridan-gil branch in Seoul on April 11. The event was a communication event organized by the BCCK and was attended by about 50 key figures, including British Deputy Ambassador to Korea Gareth Weir and BCCK CEO Lucinda Walker. YouTuber Josh, who is known for his K-food content, was also present. BBQ introduced the 'Love in London' promotion centered on the strawberry afternoon tea set to coincide with the event. The promotion,
By Diplomacy Journal Lee Kap-soo Executives of Kwangdong Pharmaceutical Co., led by CEO & Chairman Choi Sung-won, visited the Embassy of New Zealand in Seoul on April 10 to strengthen industrial cooperation. Park Il-beom, head of the R&D Center for Natural Product Convergence, visited the embassy and met with New Zealand Ambassador to Korea Dawn Bennet and Richard Dunsheath, head of the Trade and Industry Promotion Agency. The meeting was organized through the medium of deer antler, and the participants expressed their confidence in New Zealand's systematic raw material management syst