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Business IBK President Kim signs an MOU with Luxembourg Amb. Jacques Flies
By Diplomacy Journal Lee Kap-soo IBK (Industrial Bank of Korea) has signed an MOU (Memorandum of Understanding) with the Luxembourg Embassy in South Korea. IBK announced on June 11 that it has signed an MOU with the Luxembourg Embassy in South Korea to support the successful entry of IBK innovative startups into European markets and their local commercialization. Through this agreement, IBK and the Luxembourg Embassy plan to jointly operate a program for domestic startups to enter the European market in the second half of this year. The program will focus on supporting participating companies
- Lee 기자
- 2025-06-12 13:51
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Business Hyundai Motor participates in the World Hydrogen Summit 2025 in Rotterdam
By Diplomacy Journal Lee Kap-soo Hyundai Motor Group showcased its position as a global leader in hydrogen at the World Hydrogen Summit 2025 in Rotterdam, Netherlands, May 20-22. The group took part in both the exhibition and high-level Roundtable to share its latest hydrogen initiatives and drive industry dialogue. At the Summit’s Korean Pavilion - organized in collaboration with H2KOREA, a key coalition of hydrogen industry stakeholders - the group highlighted the global advancement of hydrogen technology. The Pavilion also featured contributions from KOTRA and Doosan Fuel Cell. The group hi
- Lee 기자
- 2025-06-05 16:34
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Business The 5th Korea+Sweden Young Design Award ceremony held in Seoul
By Diplomacy Journal Lee Kap-soo The awards ceremony for “The 5th Korea+Sweden Young Design Award (KSYDA)”—co-hosted by home furnishing retailer IKEA Korea, the Embassy of Sweden in Seoul, and the Korea Institute of Design Promotion (KIDP)—was held on June 4 at the Grand Hyatt Seoul, in conjunction with ‘Sweden Day,’ an annual celebration hosted by the Embassy of Sweden. Launched in 2019 to mark the 60th anniversary of diplomatic relations between South Korea and Sweden, the Korea+Sweden Young Design Award aims to expand design exchange between the 2 countries. Under the guiding principles of
- Lee 기자
- 2025-06-05 10:36
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Business SK bioscience wins patent lawsuit against Pfizer
By Diplomacy Journal Lee Kap-soo SK bioscience announced on May 11 that the Supreme Court of Korea has ruled in its favor in a patent infringement lawsuit filed by large global pharmaceutical giant Pfizer over its 13-valent pneumococcal conjugate vaccine (PCV13). In 2020, Pfizer claimed that SK bioscience’s export of PCV13 individual conjugate bulk substances and research-use finished products to Russia infringed on the composition patent of its vaccine, Prevnar 13. However, the Supreme Court ruled that the individual conjugates comprising PCV13 do not fall within the scope of Pfizer’s patent
- Lee 기자
- 2025-05-22 16:30
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Business Kazakhstan strengthens business ties with the Republic of Korea
By Diplomacy Journal Lee Kap-soo The Astana International Financial Centre (AIFC) hosted the business event AIFC Connect in Seoul on May 21, 2025, aimed at strengthening commercial ties between Kazakhstan and the Republic of Korea. The initiative also sought to foster new partnerships and encourage Korean entrepreneurs to engage in joint ventures through the AIFC platform. Nurgali Arystanov, Ambassador Extraordinary and Plenipotentiary of the Republic of Kazakhstan to the Republic of Korea, delivered a welcoming speech in which he emphasized the high level of the expanded strategic partnership
- Lee 기자
- 2025-05-22 10:43
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Business AMCHAM and KOTRA sign MOU to bolster U.S.-Korea trade cooperation
By Diplomacy Journal Lee Kap-soo The American Chamber of Commerce in Korea (AMCHAM) and the Korea Trade-Investment Promotion Agency (KOTRA) signed a Memorandum of Understanding (MOU) on May 15 at KOTRA headquarters to establish a strategic partnership aimed at enhancing the trade and investment environment for foreign-invested companies in Korea. Through this agreement, AMCHAM and KOTRA will work closely together to promote regulatory reform and support initiatives that advance the U.S.-Korea economic partnership. To facilitate this collaboration, the two organizations will establish a joint w
- Lee 기자
- 2025-05-19 15:46
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Business Korea Investment Corp. CEO Park meets with Indian Amb. Amit Kumar
By Diplomacy Journal Lee Kap-soo Park Il-young, CEO of Korea Investment Corporation (KIC), met with Indian Ambassador to Korea Amit Kumar to discuss investment. According to the KIC on May 19, Park and Amb. Kumar met on Nov. 16. The two sides talked about expanding Korea’s investment in India. Korea Investment Corporation established its Mumbai office in April last year. It is the first overseas office in an emerging country. KIC plans to focus on securing promising alternative investment projects. It is focusing on venture capital (VC) and private equity (PE) investment opportunities stemming
- Lee 기자
- 2025-05-19 14:32
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Business SCAT Airlines presents new direct flight between Shymkent and Seoul
By Diplomacy Journal Lee Kap-soo A presentation of the new direct flight between Shymkent and Seoul by SCAT Airlines took place in the capital of South Korea on May 15. The flight is scheduled to launch on May 29, 2025. The event brought together more than 70 leading Korean tour operators and media representatives, highlighting the growing interest in expanding tourism and business exchanges between the two countries. With the launch of this route, Kazakhstan and Korea will be connected by 15 direct flights per week, including flights from Astana and Almaty. The new connection marks an importa
- Lee 기자
- 2025-05-16 10:34
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Business Suhyup Bank CEO Shin visits European investment banks to discuss collaboration
By Diplomacy Journal Lee Kap-soo Suhyup Bank President Shin Hak-ki attended the 58th Annual Meetings of the Asian Development Bank (ADB) in Milan, Italy, to discuss global cooperation with delegations from major countries and heads of the financial community, the bank announced on May 12. According to the bank, the meeting was attended by more than 6,000 delegates from the governments of ADB's 69 member countries, international organizations, journalists, academia, the financial community, and non-governmental organizations (NGOs). From May 7 to 9, Shin traveled to London, England, to meet wit
- Lee 기자
- 2025-05-15 15:12
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Business Doosan Enerbility Chairman Park meets with Czech President Petr Pavel
By Diplomacy Journal Lee Kap-soo Doosan Enerbility's Czech subsidiary, Doosan Skoda Power, officially sponsored the 'Prague Spring International Music Festival'. The Prague Spring International Music Festival opened in Prague on May 12, the anniversary of Bedřich Smetana, the Czech Republic's national composer. The festival opened with a performance of Smetana's signature work, “My Fatherland,” a collection of symphonic poems, at Smetana Hall. The Prague Spring International Music Festival was founded in 1946 to commemorate the first anniversary of the end of World War II and is now in its 80t
- Lee 기자
- 2025-05-14 16:48
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Business Korea-Saudi Business and Investment Forum launched in Seoul
By Diplomacy Journal Lee Kap-soo Korea-Saudi Business and Investment Forum was launched on May 9 in Seoul. The forum is anticipated to catalyze economic cooperation between the two countries across new and cutting-edge areas like digital, advanced manufacturing, clean energy, healthcare, and culture, the Ministry of Trade, Industry and Energy (MOTIE) said. Part of an aim to strengthen Korea-Saudi partnership in line with the Saudi Vision 2030, the forum brings together 250 business leaders of both countries to seek collaboration and tangible opportunities around promising new industries such a
- Lee 기자
- 2025-05-14 11:43
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Business HL Chairman Chung becomes an honorary citizen of the Polish City of Wałbrzych
By Diplomacy Journal Lee Kap-soo HL Group Chairman Chung Mong-won has been named an honorary citizen of the city of Wałbrzych, Poland. According to HL Group, Chairman Chung became the 15th honorary citizen of the city of Wałbrzych, on April 29 (local time). He was recognized for his 14 years of contributions to the community since opening the HL-Mando auto parts plant in the city in 2011. HL MANDO Poland is the only Korean company in the city of Wałbrzych. The combined size of factories 1 and 2 is approximately 165,000 square meters, producing automotive parts such as brakes, steering, and sus
- Lee 기자
- 2025-05-12 16:53
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Business AMCHAM, GM Korea, KCCI sign MOU to bolster “Buy America” campaign
By Diplomacy Journal Lee Kap-soo | The American Chamber of Commerce in Korea (AMCHAM) signed a tripartite Memorandum of Understanding (MOU) with General Motors Korea (GM Korea) and the Korea Chamber of Commerce and Industry (KCCI) on May 8 to jointly promote the “Buy America” campaign. The agreement builds on a strong foundation of collaboration among the three organizations to further expand the campaign’s impact. This agreement is designed to foster a fair business environment and improve consumer access to GM vehicles in Korea through mutual cooperation. It also supports the broader objecti
- Lee 기자
- 2025-05-12 11:53
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Business SML Biopharm of Korea signs MOU with Affilogic of France
By Diplomacy Journal Lee Kap-soo SML Biopharm, a South Korea-based biotech company specializing in mRNA-based therapeutics, announced on May 8 that it has signed a memorandum of understanding (MOU) with French biotechnology firm Affilogic to collaborate on the development of next-generation targeted drugs using mRNA-LNP (lipid nanoparticle) technology. The agreement aims to integrate Affilogic’s proprietary Nanofitin targeting technology with SML Biopharm’s mRNA-LNP platform. Under the MOU, the two companies will explore opportunities to combine their respective core technologies to develop in
- Lee 기자
- 2025-05-08 16:38
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Business SK bioscience and KDCA initiate development of Avian influenza vaccine
By Diplomacy Journal Lee Kap-soo SK bioscience has been selected for the Korea Disease Control and Prevention Agency (KDCA)’s Priority Infectious Disease Pandemic Preparedness Rapid R&D Support Program, the company said on May 6. This government-led initiative aims to develop vaccines against avian influenza – identified as a high-risk candidate for the next pandemic. SK bioscience was chosen for its proven technological capabilities as the only domestic company to have commercialized cell-culture-based vaccines for both influenza and COVID-19. Under the program, SK bioscience and KDCA wil
- Lee 기자
- 2025-05-07 16:24
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A cultural program featuring Shashmaqom, a Tajik cultural gem, held in Paris
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[Publisher Column] “A new beginning: A government that leaps forward together with the people”
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President Lee Jae-myung and Chinese President Xi Jinping hold 1st phone talks
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Almaty of Kazakhstan gains recognition at Seoul International Tourism Fair
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Tourism opportunities of Kazakhstan presented in Seoul
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Uzbekistan-Korea Tourism Forum held at the Embassy of Uzbekistan in Seoul
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2025-06-13 16:41
Rep. Kim Seok-ki meets with Moldovan Ambassador Dumitru Socolan
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2025-06-13 14:51
Kazakhstan–Korea inter-Parliamentary ties continue to strengthen
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2025-06-13 11:05
A historic achievement that further united Uzbek nation
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2025-06-13 10:21
A cultural program featuring Shashmaqom, a Tajik cultural gem, held in Paris
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2025-06-12 13:51
IBK President Kim signs an MOU with Luxembourg Amb. Jacques Flies
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 06월 13일 16시 41분