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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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Business Construction workers condemn GS E&C’s shoddy, fault construction
By Diplomacy Journal Lee Kap-soo The Seoul Gyeonggi North Construction Branch of the Korea Construction Workers' Union (KCWU) held a press conference on Jan. 23 in front of the GS headquarters in Jongno, Seoul to condemn GS E&C (Engineering & Construction)'s shoddy and poor construction. At the same time, at the Dignity Xi apartment site in Yangpyeong-dong, Yeongdeungpo-gu, Seoul, they condemned GS E&C for conducting concrete pouring work in the middle of a snowstorm, saying that it was doing so to save costs, even though there was a risk that it would lead to poor construction. Ac
- Lee 기자
- 2024-01-25 11:16
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Business SG Gold Group reveals its 2024 plan, celebrating 2nd anniversary
By Lee Jon-young SG Gold Group held a commemorative event at the Ellina Hotel in Nonhyeon-dong, Seoul on Jan. 29, 2024, inviting employees and stakeholders of the Group and its subsidiaries to report on the business performance of the year 2023 and announce the business plan for the new year 2024. SG Gold Group reported on its achievements over the past two years, stating that it has been striving to enhance the group's brand value through its own events, sponsorships and collaborations with external organizations, and has been building and expanding its business network at home and abroad thr
- 이존영 기자
- 2024-01-23 17:23
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Business Hanwha Life President Kim Dong-won pushes for global management in Davos
By Lee Jon-young Hanwha Life President and CGO Kim Dong-won attended the Davos Forum in Switzerland from January 15 to 19, and had a time of active exchange and cooperation with global financial industry leaders. Hanwha Life's global field management is aimed at expanding its activities beyond the limits of the domestic insurance market, where growth has stagnated due to market saturation and an aging population. President Kim, who visited Davos for the second year in a row, held more than 10 business meetings and focused on finding the direction of Hanwha's global strategy and exploring ways
- 이존영 기자
- 2024-01-19 11:17
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Business Korean Air collides with another airliner at Japanese airport
By Lee Kap-soo An accident occurred when a Korean Air plane collided with a Cathay Pacific plane in the snow at Sapporo Airport in Hokkaido, Japan. According to industry sources, Korean Air flight KE766 and a Hong Kong Cathay Pacific flight collided at 5:30 p.m. at New Chitose Airport in Sapporo, Hokkaido, on a flight to Incheon. According to the industry sources on Jan. 16, at around 5:30 pm on this day, Korean Air Flight KE766, scheduled to depart from Sapporo New Chitose Airport in Hokkaido to Incheon, and a Hong Kong Cathay Pacific passenger plane collided. The accident occurred when Korea
- Lee 기자
- 2024-01-17 16:13
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1
Dominican Embassy and ProDominicana host the “Dominican Republic-Korea Business Forum”
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2
Kazakh traditional fashion show held in Seoul
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Tajikistan showcases rich culture in Seoul and Gwangju events
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4
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