By Diplomacy Journal Kayla Lee Minister of Foreign Affairs Cho Hyun, together with Joseph Yun, Chargé d’Affaires at the U.S. Embassy, Kim Seok-ki, Chair of the National Assembly’s Foreign Affairs and Unification Committee, Kim Gi-hyeon, Chair of the Special Committee for Supporting the APEC Economic Leaders’ Meeting, and National Assembly members Kim Geon, Kim Sang-wook, and Kim Tae-Seon, visited HD Hyundai’s Ulsan Shipyard to inspect shipbuilding operations and major facilities on August 13. This visit was organized amid continued emphasis on strengthening bilateral cooperation in the shipbui
By Diplomacy Journal Lee Kap-soo Following the Korea-Vietnam Summit, companies and organizations from both countries signed 52 Memoranda of Understanding (MOUs) to expand cooperation in industries, energy, and other sectors. The Ministry of Trade, Industry and Energy announced on August 12 that it held the "Korea-Vietnam Business Forum" at the Lotte Hotel in Jung-gu, Seoul. The forum was attended by approximately 500 government officials, organizations, and businesspeople, including Vietnamese Party Secretary General To Lâm and Prime Minister Kim Min-seok. At the forum, 52 MOUs were signed bet
By Diplomacy Journal Lee Kap-soo Hyundai Motor Company and General Motors announced plans for their first five co-developed vehicles on Aug. 6, marking a significant milestone in their previously announced strategic collaboration. The two companies will co-develop four vehicles for the Central and South American market, including a compact SUV, car and pick-up, as well as a mid-size pick-up, all with the flexibility to use either internal combustion or hybrid propulsion systems. Hyundai and GM also will co-develop an electric commercial van for North America. Hyundai and GM expect sales of the
By Diplomacy Journal Lee Kap-soo Korean Air has signed a Memorandum of Understanding (TA) with Anduril, a US defense company, to establish partnerships in the unmanned aerial vehicle (UAV) sector in Korea and the Asia-Pacific region. The signing ceremony took place at the Four Seasons Hotel in Jongno-gu, Seoul. Key officials from both companies, including Lim Jin-gyu, head of Korean Air's Aerospace Division, and Palmer Luckey, founder of Anduril, attended the event. Anduril signed partnerships with major Korean defense companies at the official launch of its Korean branch, hosted by the US Dep
By Diplomacy Journal Lee Kap-soo Gyeongju City, North Gyeongsang Province, hosted a meeting with David Roden, the Gyeongsangbuk-do Investment Promotion Ambassador, in the External Relations Office of City Hall on Aug. 6, 2025. The meeting was organized to expand global investment and strengthen the Korea-US business network, the city announced. The event was attended by Gyeongju City Vice Mayor Song Ho-jun, Director of the Corporate Investment Support Division Son Dae-gi, and officials from the Gyeongsangbuk-do Investment Promotion Team. Vice Mayor Song stated, "I express my gratitude to Ambas
By Diplomacy Journal Kayla Lee Chairwoman Youn Young-mi of the Korea Importers Association (KOIMA) met with Ambassador Nurgali Arystanov of Kazakhstan to Korea on July 31 and discussed ways to expand trade and practical cooperation between the two countries. Ambassador Arystanov expressed his commitment to a stable supply of Kazakhstan-produced wheat to the Korean market as a global wheat producer. He also expressed his hopes for the supply of various products, including agricultural and livestock products, mineral resources, meat, and honey, to the Korean market. Chairwoman Youn stated that t
By Diplomacy Journal Lee Kap-soo President Jeong Yong-gi of Korea District Heating Corporation (KDHC) met with Uzbek Ambassador to Korea Alisher Abdusalomov at KDHC headquarters on Aug. 4 to discuss the progress for advancement of K-Heating into Uzbek market and ways to expand cooperation in the energy sector. In June of last year, the leaders of Korea and Uzbekistan signed the "Uzbekistan District Heating Modernization Project Agreement," which aims to upgrade Uzbekistan's aging district heating facilities to a Korean-style K-Heating system based on combined heat and power plants. KDHC Presid
By Diplomacy Journal Lee Kap-soo Chairman Kang Ho-dong of the National Agricultural Cooperative Federation (NACF) met with Vietnam's Fatherland Front Central Committee Chairman Do Van Chien at the NACF headquarters in Jung-gu, Seoul, on July 31 and discussed ways for mutual development in the agricultural sectors of both countries. This meeting with Chairman Do Van Chien, who is visiting Korea at the invitation of the Korea Foundation, was held to strengthen the strategic partnership between NACF and Vietnam. Chairman Do Van Chien stated, "I deeply appreciate NACF's long-standing partnership w
By Diplomacy Journal Lee Kap-soo Cho Hyun-sang, vice chairman of HS Hyosung and chair of the APEC Business Advisory Council (ABAC), met with Vietnamese President Luong Cuong on July 15 in Haiphong to discuss enhancing economic exchange between Korea and Vietnam and ensuring the successful hosting of the upcoming APEC Summit. During the meeting, CHO expressed gratitude to President Luong Cuong for Vietnam’s vital role as the host of the third ABAC meeting. He also delivered an official APEC invitation, requesting the President to serve as a keynote speaker at the APEC CEO Summit scheduled for t
By Diplomacy Journal Lee Kap-soo The Korean-German Chamber of Commerce and Industry (KGCCI, President & CEO Marie Antonia von Schönburg) has signed a Memorandum of Understanding (MoU) with the Daejeon Regional Human Resources Development Council and Hyundai Vocational Training School on July 28, 2025 to bolster Korea’s industry-ready talent development through practical, hands-on education. The MoU, signed on July 25 at the KGCCI office in Seoul, outlines the three organizations’ commitment to jointly promote field-oriented vocational training programs aligned with real-world industry need
By Diplomacy Journal Lee Kap-soo The inaugural direct flight between Busan and Almaty successfully departed from Gimhae International Airport on July 15, 2025. Operated by Eastar Jet on a Boeing 737, flight ZE935 marks an important milestone in enhancing air connectivity between Kazakhstan and Korea. The launch was attended by Consul General of Kazakhstan in Busan Mr. Askar Aslan, Honorary Consul Mr. Sang-Hoon Lee, and representatives of Eastar Jet. The Consuls greeted the flight crew before departure and extended their best wishes. The seven-hour flight carried 120 passengers, including trave
By Diplomacy Journal Lee Kap-soo Samsung Electronics Executive Chairman Lee Jae-yong was cleared of all charges related to the alleged “illegal succession,” including the unfair merger of Samsung C&T and Cheil Industries and accounting fraud, on July 17, 2025. According to the business and legal communities, the prosecution charged Lee and others, stating, “As vice chairman of the Samsung Group at the time, Lee illegally interfered in the merger process between Samsung C&T and Cheil Industries in 2015 to secure management succession and strengthen the group's control.” As a result, Lee
By Diplomacy Journal Lee Kap-soo The Korea Startup Forum (KOSFO) announced on July 17 that it successfully held the “KSF IR Day,” a practical IR program supporting promising domestic deep tech startups' entry into the European market, at the Aston Hall of the British Embassy in Korea on July 16. Through this event, which was held as a pre-program for COMEUP 2025, KOSPO established official exchange channels with the UK startup ecosystem, including the British Embassy in Korea and the UK Department for International Trade. A total of 77 teams of startups in cutting-edge technology fields such a
By Diplomacy Journal Lee Kap-soo Choi Jin-shik, chairman of the Federation of Middle Market Enterprises of Korea (FOMEK), met with Chinese Ambassador to South Korea Dai Bing, who visited the federation on July 16, and stated that practical Korea-China economic cooperation must be urgently restored and strengthened in order to effectively respond to changes in the global economic environment. Choi said, “Although exchanges between the two countries have significantly decreased in recent years in all areas, including the economy, China, which is the largest trading partner and one of the top thr
By Diplomacy Journal Lee Kap-soo Chung Mong-gyu, president of the Korea Football Association, has been officially appointed as president of the East Asian Football Federation (EAFF). Chung, who is also chairman of HDC Group, was unanimously appointed as EAFF president at the 6th EAFF Extraordinary General Meeting held at the Courtyard Marriott Hotel in Suwon on July 15. His term will last approximately eight months, until the next EAFF Regular General Assembly in March 2026. The EAFF hosts the EAFF E-1 Football Championship (East Asian Cup) every two to three years, with four national teams fr