By Lee Kap-soo POSCO Thainox, under the stewardship of President Shin Hyung-gu, was bestowed with the Minister of Natural Resources and Environment Award at the ‘2023 Environmental Impact Assessment Monitoring Awards,’ an event held at Bangkok’s Asawin Grand Convention Hotel. The Department of Natural Resources and Environment has hosted this ceremony since 1995, on a 2-3 years cycle. It accredits environmentally conscious companies by recognizing excellence in environmental management across various key industries, including manufacturing, energy, and petrochemicals. The evaluation encapsulat
By Kayla Lee The Ministry of Agriculture, Food, and Rural Affairs announced on Sept. 12 that the 3rd Shuttle Economic Cooperation Team dispatched to Riyadh, Saudi Arabia, has achieved the signing of 8 business agreements (MOUs) in the field of smart farms and food, amounting to $50 million. Led by Han Hoon, Vice Minister of the Ministry of Agriculture, Food, and Rural Affairs, the Shuttle Economic Cooperation Team held a "Korea-Saudi Business Round Table" on Sept. 11, which included meetings between companies and food tasting events. The 3rd Shuttle Economic Cooperation Team, composed of expor
By Lee Kap-soo The Korean-German Chamber of Commerce and Industry (KGCCI) in cooperation with German Embassy Seoul and the Korean-German Energy Partnership, supported by RWE, Baywa r.e., and TÜV SÜD, held the 2nd Korean-German Business Forum on Offshore Wind Energy on September 8 at Four Seasons Hotel, Seoul, South Korea. The forum, launched last year, aims to foster deeper business exchange and collaboration between Korea and Germany in offshore wind energy sector, recognized as a pivotal force in shaping the future of sustainable energy. Under the theme of “Role of Offshore Wind to Net Zero
By Kayla Lee President Yoon Suk-yeol, who is currently in Jakarta, Indonesia, for the ASEAN Summit, attended the Korea-Indonesia Business Roundtable (BRT) on September 7 to assess the achievements of bilateral economic cooperation and present a strategy for developing the partnership for the next 50 years. The President praised Indonesia as a key partner in the ASEAN-Korea Solidarity Initiative and the Indo-Pacific Strategy, where more than 2,000 Korean companies are active. He also emphasized that Indonesia is the largest economy in ASEAN and has a wealth of key minerals, so there is great po
By Kim Ji-eun “We believe that Korea would be an excellent partner to explore and exploit new gas deposits in our country or to build new infrastructure to improve our capacities to export this product,” said Peruvian Ambassador Paul Fernando Duclos Parodi. In an interview with Diplomacy Journal, Peruvian Ambassador Duclos Parodi said, “SK Innovation has an important participation in the exploitation of gas from "Camisea" in Cusco. Likewise, Dohwa Engineering and Hyundai Engineering & Construction, together with the Korean Airports Corporation (KAC) have a stake in the supervision and cons
By Lee Kap-soo Hanwha Vice Chairman Kim Dong-gwan met with Polish President Andrzej Duda at Hanwha's booth at MSPO, the International Defense Industry Exhibition in Poland. Kim explained Hanwha's advanced technology across land, sea, and air, as well as customized solutions specific to the Polish region to the Polish President. In particular, Vice Chairman Kim highlighted Hanwha Ocean's technologies such as the excellent submergence capabilities of the 3000-ton submarine 'Zhang Bogo-III Batch-II' and the versatile vertical launcher. Kim and President Duda then discussed technical support measu
By Kim Ji-eun Minister of Foreign Affairs Park Jin met with Minister of Foreign Affairs and International Cooperation of Eswatini Thulisile Dladla on September 1, and exchanged views on a range of issues, including bilateral relations, substantive cooperation, cooperation in the international arena, and regional affairs. Foreign Minister Park stated that he was pleased to see Foreign Minister Dladla visit Korea following Prime Minister Dlamini’s visit to Korea in April this year, a meaningful one that marks the 55th anniversary of the establishment of diplomatic relations between the two count
By Lee Kap-soo Charge d'Affaires Makoto Morales of Honduras, who visited the Jincheon-gun county office, said on Sept. 4, "I would like to express my sincere gratitude to Gov. Song Gi-seop and the officials for their generous support and unforgettable memories during the Honduran Jamboree members' stay in the county. I would like to continue to discuss ways to deepen the ties between our two countries." Earlier, the county provided safety management, accommodation, and customized cultural programs to 30 Honduran Jamboree members who entered the Legal Training Institute in Chungbuk Innovation C
By Kim Ji-eun On August 28, Minister of Foreign Affairs Park Jin, at the invitation of Deputy Prime Minister and Minister of Foreign and European Affairs of Slovenia Tanja Fajon, attended the opening ceremony and the session on multilateralism of the Bled Strategic Forum 2023, which was hosted by the Ministry of Foreign and European Affairs and the Center for European Perspective of Slovenia. Given that the ongoing war in Ukraine, a region very close to Central and Eastern Europe, is not only a sensitive issue in terms of security and national interests of the countries in the region but also
By Lee Kap-soo The Korean-German Chamber of Commerce and Industry (KGCCI, President & CEO Martin Henkelmann), in cooperation with the Gyeonggi Free Economic Zone Authority (GGFEZ), held the KGCCI Half-Year Economic Outlook 2023 on August 30 at Four Seasons Hotel. The event, organized to provide exclusive insights into the developments of Korean-German business relations in these challenging times, drew the participation of more than 80 key officials and experts from Korean and German companies and institutions. Speakers included German Ambassador-designate to Korea Georg Schmidt, Dr. Young
By Yang Ryeo-jin KVAC officially held a ceremony to strike a bell at the Nasdaq exchange on August 15, 2023 US time. Among the guests attending the bell ceremony were Jason Wong, founder of KVAC Company, Huang Jiajun (Kenneth Wong), CEO of KVAC Company, the KVAC management team, the American General Business Association delegation, and many partners. At the bell ringing ceremony, KVAC Company CEO Kenneth Wong spoke on stage in anticipation of the company's future and bright prospects. The price of KVAC is $10 per share (one common share and one preemptive right), and the fundraising amount is
By Lee Kap-soo The Federation of Middle Market Enterprises of Korea (FOMEK) invited Mexican Ambassador to Korea Carlos Penafiel Soto to a meeting of mid-sized businesses held at the Plaza Hotel on Aug. 18 and discussed specific support measures to resolve difficulties and support successful entry of mid-sized companies into Mexico. More than 20 people attended the meeting, including Mexican Ambassador to Korea Carlos Penafiel Soto and senior officials from mid-sized companies such as SIMPAC, Yura Corporation, Infac, Shinsung Delta Tech, Kodako, and Lee Ho-joon, full-time vice chairman of the F
By Lee Kap-soo Hyundai Motor India Limited (HMIL), India’s first smart mobility solutions provider and the largest exporter since inception, signed an Asset Purchase Agreement (APA) on Aug. 16 for the acquisition and assignment of identified assets related to General Motors India (GMI)’s Talegaon Plant in Maharashtra. Unsoo Kim, Managing Director and CEO of Hyundai Motor India Ltd., and Asifhusen Khatri, Vice President Manufacturing of General Motors India and General Motors International Operations, participated in the signing ceremony in Gurugram, Haryana. The APA covers the acquisition and
By Lee Kap-soo Minister for Trade Dukgeun Ahn held talks with Ecuador’s recently appointed Production, Foreign Trade, Investments and Fisheries Minister Daniel Legarda Touma on August 9 via videoconferencing to discuss measures to further the Korea-Ecuador Strategic Economic Cooperation Agreement (SECA) negotiation progress and strengthen bilateral cooperation in trade, investment and supply chain. The two countries broke the six-year hiatus in July last year by resuming Korea-Ecuador SECA negotiations in Seoul, followed by four official negotiation rounds and multiple sessions. During the tra
By Lee Kap-soo The 8th Korea International Tourism Show (KITS), which examines the current status of the tourism industry, seeks ways to develop and predicts the future, will be held at Hall 3 of KINTEX's first exhibition hall in Ilsan in Gyeonggi Province from August 11 to 14. Last year, 396 booths from 181 companies, including 114 local governments, institutions, and 67 companies, participated in the 7th Korea International Tourism Fair, which was popular with 60 B2B consultations and 15,143 people in attendance. The organizing committee of the KITS expressed its ambition to develop the fair