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Business Natural cure for an intractable skin disease offers hope with alternative medicine
By Diplomacy Journal Kayla Lee Itchy, painful skin conditions can be a daily struggle, and there are more than two million people in Korea alone who suffer from them. From atopic dermatitis to intractable skin and regressive dermatosis, why do these skin diseases occur and why are they so difficult to cure? If you look around you, you can easily find people who have been living with skin diseases for 10, 20, or 50 years. A common misconception is that skin diseases are contagious. However, only some skin diseases are contagious, such as pathogenic microorganisms, but the vast majority are not.
- Kayla Lee 기자
- 2024-04-22 14:35
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Business Ajeet Phatak to be appointed CEO of Munich Re Korea
By Diplomacy Journal Lee Kap-soo Munich Re today announced the appointment of Ajeet Phatak as CEO Korea Branch on April 18. His appointment is subject to regulatory reporting procedures. Phatak will report to Hitesh Kotak, who will be Chief Executive - Japan, India, Korea and South-East Asia as of 1 August 2024. As CEO Korea, Ajeet Phatak will be responsible for Munich Re’s Branch and Property and Casualty (P&C) reinsurance business in Korea. Ajeet Phatak succeeds Michael Hauer, who will be Head of P&C South-East Asia based in Singapore as of 1 September 2024. Roland Eckl, Chief Execut
- Lee 기자
- 2024-04-19 11:21
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Business LG Energy Solution’s $5.5 billion battery project in Arizona well underway
By Diplomacy Journal Lee Kap-soo The construction of a major battery manufacturing complex in Arizona, announced by LG Energy Solution, is on track to be completed in two years with the first round of hiring expected to begin at the end of this year. The company provided progress updates on its $5.5 billion (7.2 trillion won) stand-alone facility during a stakeholder meeting on April 3 at Combs High School in San Tan Valley near the town of Queen Creek where the complex is located. The attendees included Brian Oh, Head of Mobility & IT Battery Division at LG Energy Solution; Hyung Kim, Hea
- Lee 기자
- 2024-04-15 11:26
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Business POSCO International’s palm business enjoys a fast growth
By Diplomacy Journal Lee Kap-soo POSCO International’s palm business has become a major source of revenue for the company, with sales of USD 163.6 million (approximately KRW 213.8 billion) and operating profit of USD 52.56 million (approximately KRW 68.6 billion) last year. Since beginning its farm plantation development in Papua, Indonesia, in 2011, the company started commercial production in 2016 and is on the right track, achieving its largest production volume of 208,000 tons in 2023. Its PT.BIA corporation, the locally established company to run the farm business, turned profitable in 20
- Lee 기자
- 2024-04-09 17:53
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Business Honorary Chairman Shim Won-il of SG Gold Group & Space Gold Group
By Diplomacy Journal Lee Jon-young In early March, the 'Andre Kim Fashion Show' took the stage in Shanghai, China, for the first time in 14 years, attracting the attention of the public. SG Gold Group is the company that made this event possible, which had been attempted several times before but failed to materialize. On March 29, less than a month after the André Kim event in China, SG Gold Group surprised everyone once again by hosting the 'Let's Be Happy Festival' event at the Elena Hotel in Nonhyeon-dong, Seoul, which brought together three competitions (2024 Miss Environmentalist, 2024 Sp
- 이존영 기자
- 2024-04-09 14:15
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Business LG Water Solutions wins contract for world's largest fertilizer complex in Morocco
By Diplomacy Journal Lee Kap-soo LG Water Solutions, LG Chem’s business unit specializing in water treatment and the manufacturer of NanoH2O™ reverse osmosis (RO) membranes, has secured a supply order of seawater RO (SWRO) membrane elements through a local EPC for an expansion of a seawater desalination facility at the OCP Jorf Lasfar Complex. Located approximately 20 km south of El-Jadida, on the Atlantic coast of Morocco, the site is currently the world’s largest fertilizer complex. LG Water Solutions will supply over 18,000 units of LG SW 440 R high-rejection membranes for the SWRO system w
- Lee 기자
- 2024-04-02 17:08
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Business SK On, Ferrari bolster partnership to lead innovation in cell technology
By Diplomacy Journal Lee Kap-soo SK On, a leading global electric vehicle battery manufacturer, announced on March 27 that it signed a memorandum of understanding (MoU) with Italian luxury sports carmaker Ferrari to reinforce their partnership and lead innovation in cell technology. SK On Chief Executive Officer Lee Seok-hee, Ferrari Chief Executive Officer Benedetto Vigna, Ferrari Chief Research and Development Officer Ernesto Lasalandra, SK On Chief Commercial Officer Sung Min-suk and SK On Chief Technology Officer Rhee Jang-weon were among the attendees at the MoU signing ceremony at SK Seo
- Lee 기자
- 2024-03-29 14:12
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Business TES, an SK Ecoplant company, celebrates opening of Virginia facility
By Diplomacy Journal Lee Kap-soo TES, an SK Ecoplant company, provided a boost to sustainability efforts in the U.S. with the grand opening in March of a facility in Fredericksburg, Va., dedicated to securely repurpose IT assets. The site will ensure valuable materials from IT equipment can be used again, without compromising data security, instead of ending up in landfills as electronic waste. The 128,000-square-foot facility is expected to create 100 well-paying jobs in the Fredericksburg area. Strategically located near the largest data center market in the world, the Virginia site will pla
- Lee 기자
- 2024-03-27 15:47
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Business Hyundai Motor Group co–hosts 2024 Korea–Africa Business Forum
By Diplomacy Journal Lee Kap-soo Hyundai Motor Group co–hosted the 2024 Korea–Africa Business Forum on March 25 in Seoul in partnership with the Centre for Sustainable Structural Transformation (CSST) at SOAS University of London and the Korea–Africa Foundation. The forum discussed how Korean and African stakeholders can work together as strategic partners for sustainable development amidst ongoing geopolitical uncertainty. “Africa holds immense potential for strong partnerships and sustainable development,” said Ken Kim, Executive Vice President of HMG Business Intelligence Institute. “Throug
- Lee 기자
- 2024-03-27 14:40
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Business 6th Korean-German Energy Day held in Germany
By Diplomacy Journal Lee Kap-soo The Korean-German Chamber of Commerce and Industry (KGCCI, President & CEO Martin Henkelmann) in cooperation with the Korea Energy Economic Institute (KEEI), Korea Institute of Energy Technology Evaluation and Planning (KETEP), German policy consultancy think tank adelphi and Hydrogen Convergence Alliance held the 6th Korean-German Energy Day (KGED) conference on March 21 at Grand Hyatt Berlin, Germany. The KGED is the flagship event of the Korean-German Energy Partnership, co-hosted by German Ministry for Economic Affairs and Climate Action (BMWK) and Kore
- Lee 기자
- 2024-03-22 14:34
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Business Turkish Airlines launches inaugural flight to Melbourne, Australia
By Diplomacy Journal Lee Jon-young Turkish Airlines, which operates a fleet of more than 450 aircraft, launched its inaugural flight to Melbourne, Australia, on March 2. Turkish Airlines will fly to Melbourne, the capital of the Australian state of Victoria, three times a week with Boeing 787-9 Dreamliner (winter) and A350-900 aircraft (summer). The Istanbul-Melbourne route will carry thousands of customers and contribute to the expansion of tourism and trade between the two countries. Turkish Airlines is the only European airline to fly to Melbourne Airport, with plans to serve Sydney by the
- 이존영 기자
- 2024-03-13 17:16
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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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1
Dominican Embassy and ProDominicana host the “Dominican Republic-Korea Business Forum”
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Kazakh traditional fashion show held in Seoul
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Tajikistan showcases rich culture in Seoul and Gwangju events
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National Art Museum of Belarus hosts K-Minwha Invitational Exhibition
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Higgsfield AI becomes Kazakhstan’s first unicorn startup, valued at over $1 billion
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Groundbreaking of Mahenge graphite project held in Tanzania
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2025-10-14 16:44
Kazakh culture presented in Gwangju and Seoul, South Korea
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2025-10-14 15:33
Hosting of the UNESCO General Conference in Samarkand
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2025-10-14 14:46
National Art Museum of Belarus hosts K-Minwha Invitational Exhibition
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2025-10-14 11:38
[Cambodia: A nation of crime] Part 1: Cambodia's true colors - A tourist destination stained with blood
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2025-10-14 10:51
If you have a happy mind, 90% of illness goes away
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 10월 14일 16시 44분