By Diplomacy Journal Lee Kap-soo LG Chem has inaugurated a new customer solution (CS) center dedicated to providing personalized support to its customers across North America, the company said on Aug. 29. Located in the city of Ravenna, Ohio, the new CS center will stand as a specialized organization offering comprehensive technical solutions for product development, quality improvement and productivity enhancement for LG Chem’s customers and suppliers. The grand opening ceremony was attended by key executives including Noh Kug-Lae, Head of Petrochemicals at LG Chem, and Frank Seman, Mayor of
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 Aug. 30 that the company and the Coalition for Epidemic Preparedness Innovations (CEPI) hosted the 'Celebrating Partnership for Pandemic Preparedness: CEPI-SK bioscience Reception’ in Yeoui-do, Seoul on August 29. The CEPI Board and senior officials visited Korea this week to discuss global collaboration to prevent the spread of infectious diseases. Over 110 global health experts and leaders gathered at the event, organized to
By Diplomacy Journal 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 2024 on August 29 at Four Seasons Hotel in Seoul. 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 100 key officials and experts from Korean and German companies and institutions. Speakers included German Ambassador to Korea Georg
By Diplomacy Journal Lee Kap-soo “We will hold various events at the level of the International Cooperative Agriculture Organization (ICAO) next year to promote the social and economic contributions of cooperatives,” said Kang Ho-dong, chairman of Nonghyup (NACF) on Aug. 26. “We will spread the success experiences and business models of Korea's cooperatives to drive the sustainable development of cooperatives,” Kang said in a meeting with ICA (International Cooperative Alliance) Secretary General Jeroen Douglas at the Nonghyup Central Headquarters in Jung-gu, Seoul. ICA is a non-governmental o
By Diplomacy Journal Lee Kap-soo Battery research and development company UCT (Ultra Capacitor Technology) Inc. has unveiled a next-generation battery with enhanced safety on Aug. 27. The company held a presentation at the Korea Press Center in Seoul and introduced the 'UCT Battery' that improves the shortcomings of existing lithium batteries. “The 'UCT Battery' utilized an electromagnetic physical charging method that does not require a chemical reaction. By doing so, it has increased its lifespan from 2,000 cycles to at least 20,000 cycles, and has low heat generation and significantly reduc
By Diplomacy Journal Lee Kap-soo Samsung Electronics allowed fans to immerse themselves into the Olympic Games Paris 2024 sailing competition held in the French port city of Marseille. Through the Galaxy S24 Ultra smartphones installed on each boat, fans experienced the race as if they were alongside their favorite athletes — battling the elements together in the middle of the Mediterranean Sea. Samsung implemented optimized software and technology to support filming and transmitting this first-of-its-kind footage in collaboration with the International Olympic Committee (IOC), Olympic Broadca
By Diplomacy Journal Lee Kap-soo Hanwha Ocean signed a Master Ship Repair Agreement (MSRA) with the U.S. Navy, marking an important milestone in consolidating the company's reputation in the global defense market through enhanced cooperation with the U.S. naval shipbuilding sector. The MSRA, which represents Hanwha Ocean’s shipbuilding and maintenance, repair, and overhaul (MRO) capabilities in the global market, is granted by the U.S. Navy to companies that fulfill stringent quality standards for ship maintenance services. Hanwha Ocean underwent a rigorous evaluation process in April to secur
By Diplomacy Journal Lee Kap-soo To mark the domestic launch of the Cadillac luxury electric vehicle ‘Lyriq,’ which extensively utilizes POSCO Group’s secondary battery materials and steel products, POSCO Group and GM hosted a joint promotional event. On July 26, both companies displayed the ‘Lyriq’ at the POSCO Center in Gangnam, Seoul, offering test drives and purchase consultations to POSCO Group employees and nearby professionals. The event was attended by Yoo Byeong-og, President of POSCO Future M; Seo Yu-ran, Head of POSCO’s Automotive Materials Marketing Division; Hector Villarreal, Pre
By Diplomacy Journal Lee Kap-soo HD Hyundai Oil Bank announced on July 29 that it will start exporting bio marine oil from the Pyeongtaek General Bonded Zone for the first time in Korea. Bio marine oil is an eco-friendly marine oil that reduces carbon emissions by more than 65% compared to conventional fossil fuel-based marine oil. HD Hyundai Oil Bank has begun exporting bio marine oil blended in the General Bonded Zone in Pyeongtaek, Gyeonggi Province. The export became possible after the government lifted restrictions on blending petroleum products in the comprehensive bonded zone as part of
By Diplomacy Journal Kayla Lee | The Buddhist University, affiliated with the Korean Buddhist Council (the “Buddhist Council”), held its first Buddhist sermon contest at the Supreme Hall of Bomyeong-sa Temple in Incheon, Korea on June 13, where four students from the School of Buddhist Priest Law were selected and participated in the first preaching contest with the participation of the chairman, president, dean, professors, certified teachers, and members of the congregation. “The Buddhist University of the Buddhist Council is an academy education for the training of social leaders,” said Dr.
By Diplomacy Journal Lee Kap-soo Canada’s export credit agency, announced on July 3 the signing of a Memorandum of Understanding (MOU) to advance export trade and investments between Canada and the Republic of Korea. The MOU will foster deeper trade collaboration between both countries, creating new and expanded opportunities for Canadian businesses and investors seeking to grow and succeed in Korea as well as investments in Canada. With a focus on two of EDC’s priority sectors, clean technology and advanced manufacturing, this mutually-beneficial partnership will support businesses focused on
By Diplomacy Journal Lee Kap-soo Yun Seog-dae, CEO of Korea Water Resources Corporation (K-water), met with Cambodian Ambassador to Korea Chring Botumrangsay at the Cambodian Embassy in Seoul on July 18 to discuss ways to strengthen bilateral cooperation in the water, energy and urban areas. The meeting was organized to discuss specific action plans and cooperation directions for projects in the water, energy, and urban sectors, which were promoted following a meeting with Cambodian Prime Minister Hun Manet during his state visit to Korea in May. During the meeting, the company proposed the 'N
By Diplomacy Journal Lee Kap-soo Gyeonggi-do Governor Kim Dong-yeon met with Jennifer Scanlon, chairwoman and CEO of UL Solutions (UL), at the provincial government office on June 26 to discuss attracting investment in the establishment of an advanced automotive and battery safety testing center. As UL is a global leader in industrial safety certification, the two leaders paid their respects to the victims of the Hwaseong lithium battery factory fire and discussed ways to cooperate in the field of industrial safety. According to Gyeonggi Province, Governor Kim said, “Although I canceled all ot
By Diplomacy Journal Kayla Lee South Korea will launch a joint public-private 'urban export' program to develop new cities in Vietnam based on the Korean new city model. The Ministry of Land, Infrastructure, and Transport (MOLIT) said that a joint public-private assistance team headed by Minister Park Sang-woo visited Vietnam from July 15-17, where the two countries agreed to cooperate on large-scale projects such as urban development and high-speed rail construction in Vietnam. The visit is aimed at concretizing the follow-up projects of the Urban Growth Partnership Program (UGPP), the outcom
By Diplomacy Journal Lee Kap-soo Hyundai Motor Group and the University of Oxford held an opening ceremony for the Oxford-Hyundai Motor Group Foresight Centre at Oxford’s historic Convocation House on July 8 to mark a new partnership between the two organizations. Based at Saïd Business School, the Foresight Centre will support exploring the Group’s long-term vision and strategic direction. It will strengthen the Group’s ability to proactively shape the future and identify critical focus points to address future geopolitical shifts and risks in advance. The Centre will conduct innovative resea