By Diplomacy Journal Kayla Lee The Government of the Republic of Korea, together with the Governments of Australia and Tanzania, welcomes the groundbreaking ceremony held on October 9 to officially launch the Mahenge graphite project in Tanzania. Located in the Morogoro region of Tanzania, the Mahenge project is led by the Australian company Black Rock Mining (BRM) and involves the Government of Tanzania and Korean companies, including POSCO International. Tanzanian Government officials, including the Minister of Minerals, the Korean Ambassador to Tanzania, Australia’s Deputy High Commissioner
By Diplomacy Journal Lee Kap-soo Higgsfield AI has officially become Kazakhstan’s first unicorn startup, surpassing a $1 billion valuation, announced co-founder and former Head of Generative AI at Snap Inc. Alex Mashrabov on Sept. 28. According to Mashrabov, the company recently crossed a $50 million run-rate revenue threshold, marking a historic milestone for Kazakhstan’s tech ecosystem. “For the last 15 years, no company in our country has managed to achieve this,” he said. Higgsfield AI’s journey to unicorn status was fueled by investments from leading global funds, including Menlo Ventures
By Diplomacy Journal Lee Kap-soo The Korean-German Chamber of Commerce and Industry (KGCCI, President & CEO Marie Antonia von Schönburg) and the French-Korean Chamber of Commerce and Industry (FKCCI, CEO Sonia Chaieb) co-hosted a special reception with Korean Minister of Trade, Industry and Energy Kim Jung-kwan on September 29 at the Banyan Tree Club and Spa Hotel in Seoul. The reception provided a platform to discuss recent developments in economic policy, foreign investment, and the overall business climate for German, French, and other European companies operating in Korea. Around 200 r
By Diplomacy Journal Lee Kap-soo LG Electronics (LG) announced the success of its AI-powered Radio Optimism campaign on Sept. 25, which revealed a universal truth: despite the rapid advances in technology, love and gratitude toward family and loved ones remain life’s foremost priorities. Available in six languages, the creative platform inspired people globally to create more than 700,000 personalized songs. These AI-generated tracks – listened to and shared over 1.5 million times – underscored the enduring importance of human connection across cultures. Designed to counter the sense of discon
By Diplomacy Journal Lee Kap-soo The American Chamber of Commerce in Korea (AMCHAM) co-hosted an “AMCHAM Insights” session on September 23 with Bae, Kim & Lee LLC (BKL). Held at BKL’s headquarters in Jongno, the event drew more than 140 senior executives from Korean and multinational companies. The program featured a high-level Fireside Chat on U.S.-Korea relations, a panel discussion on the Lee Jae-myung administration’s policy priorities, and a networking reception that brought together leaders across industries. The evening opened with a Fireside Chat between AMCHAM Chairman & CEO J
By Diplomacy Journal Lee Kap-soo Hanwha Aerospace, Hanwha Systems, and Hanwha Ocean jointly hosted an event to honor U.S. Korean War veterans by inviting them to the company's facilities in South Gyeongsang Province on September 22. Under the Korean Ministry of Patriots and Veterans Affairs’ "Revisit Korea Program," the event took place from September 18-20. It included participants like Lois R. Gwyn (98), a former naval nurse who served on the USS HAVEN, and Robert M. Martinez (94), a U.S. Army sergeant who fought in defense of Korea. A total of 85 participants, including U.S. service members
By Diplomacy Journal Lee Kap-soo HS Hyosung Information Systems, a leading provider of AI and data infrastructure solutions, hosted the Data Center Modernization Conference 2025 on September 23 at the Crystal Ballroom of Lotte Hotel Busan. At this conference, HS Hyosung Information Systems shared a wide range of cutting-edge infrastructure strategies to accelerate customers’ AI transformation—spanning from the latest AI data center strategies, private AI-based acceleration (AX), to differentiated data innovation strategies with Hitachi Vantara’s VSP ONE. AI and data utilization are increasingl
By Diplomacy Journal Lee Kap-soo Hyundai Motor Company unveiled its most ambitious growth strategy on Sept. 18 at the company’s first CEO Investor Day held in New York. The event served as a platform to communicate the company’s mid-to long-term strategy to investors and stakeholders, emphasizing its commitment to revolutionary product expansion, manufacturing excellence and technological innovation. Speaking in New York, CEO José Muñoz outlined Hyundai Motor's transformation into a global mobility leader through strategic product expansion, breakthrough electrification technologies and softwa
By Diplomacy Journal Lee Kap-soo The American Chamber of Commerce in Korea (AMCHAM) hosted the inaugural session of its new Executive Roundtable Series on Sept. 19 at the Conrad Seoul Hotel. The closed-door breakfast discussion brought together senior executives of multinational and Korean companies with Kwon Chang-jun, Vice Minister of Employment and Labor, to discuss the new administration’s labor policy direction and priorities for Korea’s economic renewal. Vice Minister Kwon shared the government’s policy agenda under the vision of “real growth with labor” and the goal of building a “labor
By Diplomacy Journal Lee Kap-soo Samsung Electronics announced on Sept. 19 that it has been honored with design excellence at the International Design Excellence Awards (IDEA) 2025. The company received two Gold, three Silver and three Bronze awards, along with 39 Finalists recognitions. IDEA, one of the world’s most prestigious design awards programs was founded by the Industrial Designers Society of America (IDSA) in 1980. This year, IDEA has selected winners across 20 categories, including Home, Consumer Technology and Digital Interaction. Key evaluation criteria include Design Innovation,
By Diplomacy Journal Lee Kap-soo Samsung Electronics and TELUS announced on Sept. 18 that they will deploy Canada’s first commercial Radio Access Network Intelligent Controller (RIC), marking a significant milestone toward fully software-based, AI-powered networks. Samsung will provide its RIC solution, including open multi-vendor support and a rich suite of applications as part of Samsung CognitiV Network Operations Suite (NOS), to further enable intelligent automation, enhanced energy efficiency and optimized performance across TELUS’ wireless network. The RIC is a software-based component i
By Diplomacy Journal Lee Kap-soo The American Chamber of Commerce in Korea (AMCHAM) hosted the Healthcare Innovation Seminar 2025 at the Seoul Shilla Hotel on September 18 under the theme “Proposal for the New Government - Driving Healthcare Innovation through Sustainable Regulatory Pathways.” The seminar brought together over 150 participants, including senior government officials from both Korea and the United States, global healthcare leaders, and industry experts, to discuss how Korea can accelerate healthcare innovation while ensuring sustainability in an aging society. Amid the inaugurat
By Diplomacy Journal Lee Kap-soo Hanwha Aerospace has signed a third contract with the Norwegian Defence Materiel Agency (NDMA) for 24 additional K9 VIDAR Self-Propelled Howitzers on September 19, 2025. This follow-on order underscores the Norwegian Armed Forces' confidence in the K9 platform's proven performance and reliability. The contract was signed in Oslo in the presence of Son Jae-il, President and CEO of Hanwha Aerospace, and Norwegian officials including Ms. Gro Jære, Director General of the NDMA, Major General Lars Lervik, Chief of the Norwegian Army and Min-Jeong Seo, Ambassador of
By Diplomacy Journal Lee Kap-soo LG Electronics announced a new multi-year deal with the National Gallery in London to become the institution’s Modern and Contemporary Art Partner on Sept. 17. As part of this role, LG will support the National Gallery’s current and upcoming projects with leading artists, continuing its rich artistic tradition. The National Gallery is committed to presenting contemporary art in dynamic conversation with the historic collection through its artist residencies, artist conversations and artist commissions. The new partnership with the National Gallery builds on LG’
By Diplomacy Journal Lee Kap-soo Lotte Shopping Co. hosted its 2025 CEO IR Day at The Westin Singapore on September 17 for the third consecutive year, reinforcing its long-term commitment to Southeast Asia expansion, AI transformation, and shareholder value. The event followed the company's annual CEO IR Day held in Seoul on September 15 and investor meetings in Hong Kong on September 16. This year's Singapore session brought together a large gathering of institutional investors, asset managers, and analysts. At the event, Vice Chairman and Group CEO of Lotte Retail, Samuel Sanghyun Kim addres