By Diplomacy Journal Kayla Lee The Korea International Trade Association (KITA) announced that it held a 'Korea-Ukraine Reconstruction Cooperation Forum' with a delegation from the Ukrainian Chamber of Commerce and Industry at the Trade Tower in Gangnam-gu, Seoul on March 25. The forum was co-hosted by the Ukrainian Chamber of Commerce and Industry and the Korea-Ukraine New Building Association (KUNBA). The forum was attended by Yoon Jin-sik, Chairman of the Korea International Trade Association, Valeriy Korol, Vice Chairman of the Ukrainian Chamber of Commerce and Industry, Lee Yang-gu, Chair
By Diplomacy Journal Lee Kap-soo The European Chamber of Commerce in Korea (ECCK), the Korean-German Chamber of Commerce and Industry (KGCCI), and nine other European chambers of commerce have released the results of the annual “2024/25 Business Confidence Survey”. Conducted from January 22 to February 14, 2025, the survey garnered responses from 139 CEOs of European companies operating in Korea. The survey reveals a decline in business confidence among European companies in Korea. The percentage of companies satisfied with their business performance has steadily decreased from 68% in 2022 to
By Diplomacy Journal Lee Kap-soo The American Chamber of Commerce in Korea (AMCHAM), led by Chairman and CEO James Kim, hosted a special luncheon with Charge d’Affaires (CDA) of the U.S. to Korea Joseph Y. Yun at the Four Seasons Seoul on March 18. The event brought together approximately 130 senior business executives and industry leaders to engage in an in-depth discussion on the future of the U.S.-Korea alliance and strategic economic cooperation in an evolving global landscape. In his opening remarks, AMCHAM Chairman & CEO James Kim reaffirmed AMCHAM’s commitment to deepening U.S.-Kore
By Diplomacy Journal Lee Kap-soo S-OIL, led by CEO Anwar A. Al-Hejazi, donated 50 million won to the Korea Migrant Women's Rights Center to help migrant women in multicultural families on March 13, the company announced. The Korea Migrant Women's Rights Center is a private, non-profit organization established in 2001 that provides counseling, education, and psychotherapy activities for migrant women living in Korea. It currently operates a shelter for migrant women and their children from multicultural families. S-OIL's donation will be used to provide daily necessities for migrant women leavi
By Diplomacy Journal Lee Kap-soo Samsung Electronics is working with NVIDIA to advance AI-RAN technologies, the company said on March 12. The collaboration underscores Samsung’s commitment to fostering a robust ecosystem and diversifying the computing platforms available. This endeavor aims to support a smooth and easy adoption of AI in mobile networks by expanding the ecosystem of Central Processing Unit (CPU) and bolstering partnerships with Graphics Processing Unit (GPU) companies. To maximize and bring the power of AI into Radio Access Networks (RAN), Samsung has made significant technolog
By Diplomacy Journal Lee Kap-soo SK bioscience, a global innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced on March 12 that the company has begun shipping its self-developed influenza vaccine, SKYCellflu, from its vaccine manufacturing facility L HOUSE to Southern Hemisphere markets, including Southeast Asia and Latin America. A total of 750,000 doses will be supplied in the first half of the year. This shipment marks the company’s second export of influenza vaccines for Southern Hemisphere use, following its initial export to Thailan
By Diplomacy Journal Lee Kap-soo HDC Group Chairman Chung Mong-kyu met with Chinese Ambassador to Korea Dai Bing to discuss strengthening friendly cooperation on March 5. Chairman Chung, along with HDC CEO Kim Hoe-un and HDC Hyundai Engineering & Construction CEO Jung Kyung-gu, met with Ambassador Dai Bing at the Chinese Embassy in Jung-gu, Seoul, on March 5 to highlight HDC Group's relationship with China and discuss future cooperation. Chairman Chung briefed Ambassador Dai Bing on HDC Group's business and investment in China, and discussed closer exchanges and cooperation in various fiel
By Diplomacy Journal Lee Kap-soo Eo Seong-cheol, president of Hanwha Ocean’s Special Ship Division, met with Ambassador Tanee Sangrat of Thailand to Korea, on March 10 to discuss closer cooperation for the development of the country's maritime security and shipbuilding industry, Hanwha Ocean announced. Ambassador Tanee, who was appointed to the post in April last year, visited Hanwha Ocean for the first official exchange. Hanwha Ocean presented to Ambassador Tanee its long-term vision to enhance the competitiveness of Thailand's shipbuilding industry and expand collaboration with local shipyar
By Diplomacy Journal Lee Jon-young The following article was contributed by Choi Keong-ju, a professor of Keimyung University (Ph.D) and advisor of Korea-Saudi Friendship Association, to Diplomacy Journal for publication.—Ed. Saudi Arabia's Vision 2030 is a comprehensive strategy for the kingdom to diversify its economy and achieve social reforms as it moves away from its oil-dependent economy. The plan was announced by Crown Prince Mohammed bin Salman in April 2016 and provides a blueprint for the Kingdom's long-term economic and social development. Its main objectives are as follows. Firstly
By Diplomacy Journal Lee Jon-young Cooperation between Korea and Spain in the field of intellectual property, including policies to support SMEs, will be accelerated. The outcome of the meeting will also be used to renew the Memorandum of Understanding (MOU) on comprehensive cooperation in the field of intellectual property. Korean Intellectual Property Office (KIPO) Commissioner Kim Wan-ki held a bilateral meeting with Elisa Rodríguez Ortiz, head of the Spanish Patent and Trademark Office (SPTO), in Madrid, Spain, on March 6 to exchange views on major issues in the field of intellectual prope
By Diplomacy Journal Lee Jon-young The Korean coffee market is gaining global attention. It is now more than just a trend, but a new category called 'K-Coffee' is forming alongside K-Food. At the center of it all is Kim Jin-koo, CEO of COFFEE NINE, who raised the profile of Korean coffee by winning 6th place at the 2012 SCAE WCIC World Championships in Vienna, Austria as a Korean national team member. He is leading the innovation of Korea's leading K-Coffee brand by exploring the essence of coffee. Kim Jin-koo, a pioneer of K-Coffee franchise With a deep understanding and research of coffee, K
By Diplomacy Journal Lee Kap-soo SK bioscience announced on February 28 that it has successfully secured additional orders for its self-developed chickenpox vaccine in the largest international procurement market in Latin America. This order comes as a result of prior notification from the Pan American Health Organization (PAHO), a UN agency, to supply its chickenpox vaccine, 'SkyVaricella,' to the Latin American region through 2027. The order was secured during PAHO's preliminary bidding process, and depending on the volume of orders from PAHO, SK bioscience will supply the chickenpox vaccine
By Diplomacy Journal Lee Kap-soo SK bioscience, a global innovative vaccine and biotech company committed to promoting human health from prevention to cure, on Feb. 25 announced the commencement of global Phase 1/2 clinical trials for its mRNA-based Japanese encephalitis vaccine candidate, GBP560. SK Bioscience’s development of vaccine for Japanese encephalitis could not only help to protect against Japanese Encephalitis but also pave the way to the development of an mRNA technology that could be potentially adapted in a matter of weeks to develop a vaccine against a novel as-yet-identified in
By Diplomacy Journal Lee Kap-soo The Defense Acquisition Program Administration (DAPA) announced on Feb. 24 that DAPA Minister Seok Jong-gun visited the United Arab Emirates (UAE) and Egypt from March 17 to 21 (local time) to expand defense exports. DAPA Minister Seok attended IDEX in the UAE, the largest defense exhibition in the Middle East and North Africa, where he met with senior defense officials from various countries. He met with key defense officials from the UAE to discuss ways for Korean defense companies to participate. In particular, at IDEX, Seok signed a Memorandum of Understand
By Diplomacy Journal Lee Kap-soo SK bioscience has successfully completed a project as the only private company participating in a joint study organized by the World Health Organization (WHO) aimed at establishing an international standard for the SARS virus, in response to the global infectious disease crisis, the company said on Feb. 12. In October of last year, the WHO announced the international standard for the SARS virus, with SK bioscience playing a key role in conducting immunogenicity analysis during this process. The project involved 12 health authorities and institutions leading glo