By Lee Kap-soo Hyundai Motor Group and Georgia Tech signed a memorandum of understanding on Sept. 19 to collaborate on research and applications to support the future of sustainable mobility, including developing a hydrogen economy, workforce development, and making cities smarter and more sustainable, among many other areas of cooperation. The group is investing $12.6 billion in new dedicated electric vehicle and battery manufacturing facilities in Georgia. The investment includes the $7.59 billion Hyundai Motor Group Metaplant America (HMGMA) site in Bryan County, Georgia that will create mo
By Lee Kap-soo Christopher Koo, chairman of the Korea International Trade Association (KITA), hosted a networking dinner for ASEAN and Middle East ambassadors at the Shilla Hotel in Seoul on Oct. 5 to exchange views on economic cooperation with their respective countries and request their support for the 2030 Busan World Expo. The dinner was attended by 35 ambassadors and diplomats from 21 ASEAN and Middle Eastern countries, according to a statement by the KITA. On the Korean side, more than 20 representatives of KITA and trade enterprises were present. "Based on our firm support for 'ASEAN-ce
By Lee Jon-young Co-hosted by the Shandong Provincial People's Government, China Council for the Promotion of International Trade, and Korea Trade-Investment Promotion Agency (KOTRA), the 2023 Dialogue – Korea, Shandong Industrial Cooperation Exchange Event will be held on October 13, 2023 at Shilla Hotel in Seoul. In 2022, the "Dialogue- Korea, Shandong Industrial Cooperation Exchange Event" was successfully held, effectively promoting industrial cooperation and economic and trade exchanges between Shandong Province of China and Korea. This year's "Dialogue-Shandong", with the theme of "forgi
By Lee Kap-soo The Korean-German Chamber of Commerce and Industry (KGCCI, President & CEO Martin Henkelmann) and the French-Korean Chamber of Commerce and Industry (FKCCI) co-hosted a special reception with Korean Prime Minister Han Duck-soo on September 22 at the Westin Josun Hotel in Seoul, South Korea. This special reception was organized to assess the progress made in economic policy, foreign investment, and overall status of business environment for German, French and other European companies in Korea. The event attracted more than 170 representatives of European companies from KGCCI
By Kim Ji-eun Hyundai Motor Group announced an upcoming exhibition and road tour of total 20 art cars in New York City on Sept. 18 to support the South Korean city of Busan’s bid to host the 2030 World Expo. The Group will display a fleet of art cars featuring Hyundai Motor’s IONIQ 5 and IONIQ 6 all-electric models as well as Genesis luxury brand’s Electrified G80 sedan. These models, wrapped in graffiti artwork created by renowned Korean artist ‘JAY FLOW,’ will showcase the vibrant spirit of Busan through colorful designs depicting the city’s icons and the slogan ‘BUSAN is Ready.’ Coinciding
By Kayla Lee LG Electronics held its first-ever press conference at IAA MOBILITY, one of the world’s largest annual mobility sector events on Sept. 4. Speaking on the Main Stage (Hall A1) of the Messe München exhibition center, LG CEO William Cho shared the company’s perspective on the future of the mobility industry and presented its vision for driving important changes across the entire mobility ecosystem – a goal referenced by LG’s press conference theme: “Taking Life’s Good on the Road.” In July this year, LG announced its vision to become a “smart life solution company” with the aim of co
By Lee Kap-soo Under the theme “Connection That Matters,” Samsung Electronics highlighted its latest devices, innovations, platforms and sustainability efforts at this year’s IFA — Europe’s largest consumer trade show held in Berlin, Germany, the company said. From September 1 to 5, visitors to Samsung’s booth can discover brand-new connected experiences powered by SmartThings and explore how the company combines innovation with eco-conscious initiatives to build a brighter future for all. Samsung Newsroom invites those who can’t attend in person to take a virtual tour of the company’s booth t
By Kayla Lee LG Chem and Italian energy group Eni Sustainable Mobility jointly announced on Sept. 14 that they are exploring the possibility to develop and operate a new biorefinery at LG Chem’s Daesan chemical complex, 80 kilometers southwest of Seoul, South Korea. Together, the companies are examining the technical and economic feasibilities for the proposed project. Final decision for the investment is scheduled by 2024 and the plant will be completed by 2026 at the existing integrated petrochemical complex in Daesan, Korea. The new biorefinery will leverage LG Chem’s integrated value chain
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