By Diplomacy Journal Lee Kap-soo Hyundai Motor Group announced a multilateral Memorandum of Understanding (MoU) on Nov. 11 with Pyeongtaek City and key partners to develop carbon-neutral hydrogen port initiatives. The partnership aims to establish Korean model for port decarbonization and contribute to national carbon neutrality goals. Under the agreement, Hyundai Motor Company will oversee hydrogen-related business strategy, while Kia Corporation and Hyundai Glovis Co. will introduce and operate hydrogen fuel cell power generators at their facilities in Pyeongtaek Port. The initiative aims to
By Diplomacy Journal Lee Kap-soo During the Korea-Vietnam Summit held on August 11, Pyeongtaek and Da Nang, key economic hubs of both countries, held a "Friendship Exchange Agreement Exchange Ceremony." Pyeongtaek and Da Nang previously signed a friendship exchange agreement in April, but this exchange was held again following Da Nang's elevation to a centrally-controlled city in July. The unusual inclusion of a local government exchange event at a summit is interpreted as a sign of the two countries' intention to expand the scope and depth of cooperation to include local governments. Indeed,