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Business South Korean retail giant introduces CU Store Chain to Kazakhstan
By Diplomacy Journal Lee Kap-soo Almaty, Kazakhstan welcomed the inauguration of its first CU store, a collaboration between Shin-Line Group and South Korea's BGF Retail on March 6, 2024. This historic occasion heralds the entry of South Korea's retailer into the Kazakhs market, promising to the Almaty’s retail landscape. The CU store chain is poised to enhance the shopping experience for Almaty's populace. These stores boast appealing exteriors, unique interiors, swift service, and competitive pricing. Andrey Shin, President of the Shin-Line Group, highlighted the transformative impact of the
- Lee 기자
- 2024-03-12 14:41
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Business KGCCI holds the economic outlook 2024 event in Busan
By Diplomacy Journal Lee Kap-soo The Korean-German Chamber of Commerce and Industry (KGCCI, President & CEO Martin Henkelmann), in cooperation with Busan Metropolitan City, held the KGCCI Economic Outlook 2024 on March 7 at Park Hyatt Hotel Busan. The event was followed by a special reception of KGCCI and the German Embassy with more 100 business leaders, governmental officials, industry experts and the German community. The event was organized to provide exclusive insights into the developments of Korean-German business relations in these challenging times. Distinguished speakers includin
- Lee 기자
- 2024-03-08 14:10
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Business Foreign Minister Cho meets with KITA Chairman Koo Cha-yol
By Diplomacy Journal Lee Kap-soo Minister of Foreign Affairs Cho Tae-yul held a meeting with Koo Cha-yol, Chairman of the Korea International Trade Association (KITA) on February 13, to discuss ways to enhance the responsiveness and vitality of Korean businesses in the face of a rapidly changing and uncertain global landscape. This is the fifth engagement with business associations since Minister Cho took office. Minister Cho participated in the New year event hosted by the innovative venture industry (January 19) and met with leaders of the Federation of Korean Industries (FKI, January 22), K
- Lee 기자
- 2024-02-16 15:47
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Business Collapse incident-plagued GS E&C to launch 'Songdo Xi Scenery Granoble' in February
By Diplomacy Journal Lee Jon-young In April last year, five construction companies, including GS E&C, Daebo E&C, and Dongbu E&C, were suspended from business due to the Incheon Geomdan apartment incident, and credit rating agencies downgraded their ratings and outlooks. This, coupled with the uncertain external environment and market downturn, has raised concerns about the level of financial burden on construction companies. GS E&C, which has been suffering from bad reputation due to poor construction, announced on February 15 that it will sell 'Songdo Xi Scenery Granoble', whi
- Lee Jon-young 기자
- 2024-02-16 10:55
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Business 'Koreans' unstoppable love of Starbucks'
By Diplomacy Journal Lee Kap-soo The number of Starbucks stores in South Korea ranks fourth in the world, after the United States, China and Japan. According to Starbucks' global website on Feb. 12, the number of Starbucks stores in South Korea totaled 1,893 at the end of last year, up 116 from the previous year. That's just eight fewer than Japan (1,901), which has 2.5 times the population of South Korea. The number of Starbucks stores in South Korea has steadily increased by more than 100 each year, from 1,508 in 2020 to 1,639 in 2021 and 1,777 in 2022. In Japan, the number of Starbucks stor
- Lee Kap-soo 기자
- 2024-02-14 13:57
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Business Samsung earns ‘product carbon reduction’ certification from TÜV Rheinland
By Diplomacy Journal Lee Kap-soo Samsung announced on Feb. 12 that eight product series1 in its 2024 Neo QLED 8K, Neo QLED 4K, OLED, and The Frame lineups have received the “Product Carbon Reduction” certification from TÜV Rheinland, the international independent third-party testing, inspection, and certification organization. The certification demonstrates the carbon footprint reduction ratio of these products compared to the previous year’s model, serving as a testament to the company’s efforts to reduce carbon emissions year-over-year. “As the world’s leading TV manufacturer, it is our resp
- Lee 기자
- 2024-02-13 17:00
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Business POSCO Chairman Choi Jeong-woo meets with Australia's resources minister
By Diplomacy Journal Lee Kap-soo Choi Jeong-woo, chairman of POSCO Group, recently met with Australian Minister for Resources Madeleine King to discuss the eco-friendly future business cooperation that POSCO Group is promoting in Australia. According to POSCO on Feb. 5, Minister Madeleine King visited the POSCO Center in Gangnam-gu, Seoul, on Jan. 31 and exchanged views with Chairman Choi on the business areas of steel, clean hydrogen and secondary battery materials. At the meeting, Choi said, "The areas of cooperation between POSCO Group and Australia for the common goal of carbon neutrality
- Lee 기자
- 2024-02-05 16:04
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Business GS E&C faces eight-month business suspension
By Diplomacy Journal Lee Jon-young The Ministry of Land, Infrastructure, and Transport (MOLIT) announced on Feb. 1 that it will impose an eight-month business suspension on five construction companies, including GS E&C, in connection with the collapse of the underground parking lot of an apartment building in Geomdan New City in Incheon. Five companies, GS E&C, Dongbu Corp., Daebo E&C, Sangha Construction, and Asia General Construction, were given an eight-month business suspension. The suspension period is from April 1 to November 30. The suspended construction companies are prohi
- 이존영 기자
- 2024-02-02 11:01
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Business Foreign Minister Cho Tae-yul meets with KEF Chairman Sohn Kyung-shik
By Diplomacy Journal Lee Kap-soo Minister of Foreign Affairs Cho Tae-yul visited the Korea Enterprises Federation (KEF) on January 30 and met with KEF Chairman Sohn Kyung-shik. The purpose of his visit was to listen to the voices of Korean companies in the field regarding the expansion of overseas expansion. Chairman Sohn emphasized the increasingly important role of diplomacy in the face of growing uncertainty in relations with the four neighboring countries of Japan, China, Russia, and the U.S. which is ahead of the presidential election, and requested that the Ministry of Foreign Affairs ac
- Lee 기자
- 2024-01-31 15:51
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Business Hyundai Elevator holds a knowledge conference on cultural understanding
By Diplomacy Journal Lee Jon-young Hyundai Elevator is speeding up its efforts to strengthen its global capabilities to explore new markets. At the conference, more than 70 members of the CoP team shared their research over the past year on the construction business, corporate status, cultural characteristics, and market outlook of major and strategic countries. Hyundai Elevator's major markets include China, Indonesia, Vietnam, and Turkmenistan, while its strategic countries include Saudi Arabia, Poland, and Finland. In particular, the event was attended by Mr. Abdulaziz Al-Dael, Director of
- 이존영 기자
- 2024-01-30 13:11
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Business KAITUS signs an exclusive agreement with Altaeros
By Diplomacy Journal Lee Jon-young KAITUS Technology (KAITUS), a company specializing in AI (Artificial Intelligence) based anti-drone total solution, has signed an exclusive domestic contract and overseas sales agreement with Altaeros, the world's first unmanned Aerostat manufacturer, to enter the airship market. Altaeros was founded as an engineering startup at the Massachusetts Institute of Technology (MIT) in 2010, and has been steadily accumulating technology based on the judgment that solving the inherent problems of Aerostat could lead to a wide variety of applications through various a
- 이존영 기자
- 2024-01-29 17:43
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Business Kia takes twin awards for its PBV concept models at CES 2024
By Diplomacy Journal Lee Jon-young Kia has successfully concluded its participation at the 2024 Consumer Electronics Show (CES) in Las Vegas (January 9-12), where the brand presented its Platform Beyond Vehicle (PBV) future strategy. Kia received two prestigious awards at CES for its five PBV concept models, and its multi-phase plan to revolutionize the mobility industry while helping to advance Hyundai Motor Group’s ambitions in software-defined everything (SDx), including robotics, Advanced Air Mobility (AAM), and autonomous driving. Digital Trends hailed Kia’s vision for future mobility wit
- 이존영 기자
- 2024-01-26 16:21
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Business Hyundai Motor, Kia unveil ‘Active Air Skirt’ technology
By Diplomacy Journal Lee Kap-soo Hyundai Motor Company and Kia Corporation unveiled the ‘Active Air Skirt’ (AAS) technology on Jan. 23 that minimizes the aerodynamic resistance generated during high-speed driving, effectively improving the driving range and driving stability of electric vehicles (EVs). AAS is a technology that controls the flow of air entering through the lower part of the bumper and effectively controls the turbulence generated around the vehicle wheels by operating variably according to the vehicle speed during high-speed driving. In the EV era, competition to secure a bette
- Lee 기자
- 2024-01-26 16:11
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Business CK CEO Kim Kyong-hae wins a silver award in the PR LEGEND category at the INDIE AWARDS 2023
By Diplomacy Journal Lee Kap-soo Kim Kyong-hae, CEO of Communications Korea (CK), won the Silver Award in the PR LEGEND category at the INDIE AWARDS 2023, the world's most prestigious PR awards, held on January 24 in London, UK, the PR company said on Jan. 25. The awards are given to legendary figures in the global PR industry. “Thenetworkone,” a global independent network connecting more than 1,600 companies in the PR, advertising and media sectors in 119 countries around the world, is based in London, UK, and annually holds the INDIE AWARDS ceremony to recognize outstanding individuals in th
- Lee 기자
- 2024-01-25 15:34
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Business Foreign Minister Cho Tae-yul meets with KCCI Chairman Chey Tae-won
By Diplomacy Journal Kayla Lee Foreign Minister Cho Tae-yul met with Chey Tae-won, chairman of the Korea Chamber of Commerce and Industry (KCCI) and chairman of SK Group, at the KCCI building in Jung-gu, Seoul, on Jan. 24 to discuss current issues in the business community and cooperation in the fields of foreign affairs and security. Cho, who took office on Jan. 12, has been visiting economic organizations and exchanging views with their leaders on ways to strengthen public-private partnerships. On Jan. 22, he met with Ryu Jin, chairman of the Federation of Korean Industries (FKI). Among thos
- Lee 기자
- 2024-01-25 14:42
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2025-08-19 10:17
President Lee Jae-myung meets with visiting US Senators
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2025-08-18 10:44
South Korea-India foreign ministers' meeting held in New Delhi
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2025-08-13 15:30
Foreign Minister Cho and U.S. Deputy Amb. Joseph Yun visit Ulsan Shipyard
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2025-08-13 14:37
Unification Minister Chung meets with Swedish Ambassador Karl-Olof Andersson
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2025-08-13 10:40
President Lee holds a friendship event for Vietnam's top leader To Lam
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
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UPDATE: 2025년 08월 19일 10시 17분