By Lee Kap-soo Charge d'Affaires Makoto Morales of Honduras, who visited the Jincheon-gun county office, said on Sept. 4, "I would like to express my sincere gratitude to Gov. Song Gi-seop and the officials for their generous support and unforgettable memories during the Honduran Jamboree members' stay in the county. I would like to continue to discuss ways to deepen the ties between our two countries." Earlier, the county provided safety management, accommodation, and customized cultural programs to 30 Honduran Jamboree members who entered the Legal Training Institute in Chungbuk Innovation C
By Kim Ji-eun On August 28, Minister of Foreign Affairs Park Jin, at the invitation of Deputy Prime Minister and Minister of Foreign and European Affairs of Slovenia Tanja Fajon, attended the opening ceremony and the session on multilateralism of the Bled Strategic Forum 2023, which was hosted by the Ministry of Foreign and European Affairs and the Center for European Perspective of Slovenia. Given that the ongoing war in Ukraine, a region very close to Central and Eastern Europe, is not only a sensitive issue in terms of security and national interests of the countries in the region but also
By 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 2023 on August 30 at Four Seasons Hotel. 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 80 key officials and experts from Korean and German companies and institutions. Speakers included German Ambassador-designate to Korea Georg Schmidt, Dr. Young
By Yang Ryeo-jin KVAC officially held a ceremony to strike a bell at the Nasdaq exchange on August 15, 2023 US time. Among the guests attending the bell ceremony were Jason Wong, founder of KVAC Company, Huang Jiajun (Kenneth Wong), CEO of KVAC Company, the KVAC management team, the American General Business Association delegation, and many partners. At the bell ringing ceremony, KVAC Company CEO Kenneth Wong spoke on stage in anticipation of the company's future and bright prospects. The price of KVAC is $10 per share (one common share and one preemptive right), and the fundraising amount is
By Lee Kap-soo The Federation of Middle Market Enterprises of Korea (FOMEK) invited Mexican Ambassador to Korea Carlos Penafiel Soto to a meeting of mid-sized businesses held at the Plaza Hotel on Aug. 18 and discussed specific support measures to resolve difficulties and support successful entry of mid-sized companies into Mexico. More than 20 people attended the meeting, including Mexican Ambassador to Korea Carlos Penafiel Soto and senior officials from mid-sized companies such as SIMPAC, Yura Corporation, Infac, Shinsung Delta Tech, Kodako, and Lee Ho-joon, full-time vice chairman of the F
By Lee Kap-soo Hyundai Motor India Limited (HMIL), India’s first smart mobility solutions provider and the largest exporter since inception, signed an Asset Purchase Agreement (APA) on Aug. 16 for the acquisition and assignment of identified assets related to General Motors India (GMI)’s Talegaon Plant in Maharashtra. Unsoo Kim, Managing Director and CEO of Hyundai Motor India Ltd., and Asifhusen Khatri, Vice President Manufacturing of General Motors India and General Motors International Operations, participated in the signing ceremony in Gurugram, Haryana. The APA covers the acquisition and
By Lee Kap-soo Minister for Trade Dukgeun Ahn held talks with Ecuador’s recently appointed Production, Foreign Trade, Investments and Fisheries Minister Daniel Legarda Touma on August 9 via videoconferencing to discuss measures to further the Korea-Ecuador Strategic Economic Cooperation Agreement (SECA) negotiation progress and strengthen bilateral cooperation in trade, investment and supply chain. The two countries broke the six-year hiatus in July last year by resuming Korea-Ecuador SECA negotiations in Seoul, followed by four official negotiation rounds and multiple sessions. During the tra
By Lee Kap-soo The 8th Korea International Tourism Show (KITS), which examines the current status of the tourism industry, seeks ways to develop and predicts the future, will be held at Hall 3 of KINTEX's first exhibition hall in Ilsan in Gyeonggi Province from August 11 to 14. Last year, 396 booths from 181 companies, including 114 local governments, institutions, and 67 companies, participated in the 7th Korea International Tourism Fair, which was popular with 60 B2B consultations and 15,143 people in attendance. The organizing committee of the KITS expressed its ambition to develop the fair
By Kayla lee LG Electronics invites consumers from around the globe to experience its latest innovations at IFA 2023 in Berlin, Germany (September 1-5). Under the theme of Sustainable Life, Joy for All, the company will introduce the LG Sustainable Village and an evolved ecosystem of efficient, convenient and sustainable products and solutions designed to help create a better life for people and the planet. During IFA 2023, visitors to LG’s booth in Hall 18 at Messe Berlin can discover the advanced, eco-minded features and functions of the company’s newest offerings and learn about its compreh
By Lee Kap-soo Ourhome Vietnam Corporation (Vietnam Ourhome Co., Ltd.) announced on Aug. 7 that it has signed a business agreement with Vietnamese education company FPT Education to operate student restaurant food and beverage services. FPT Education is an education-related affiliate of FPT Group, Vietnam's largest information and communication technology conglomerate. It started the establishment of private schools in 2020 with the aim of fostering global IT talent, and currently operates 10 schools across Vietnam. Major officials, including Kim Hwan-sun, head of Ourhome's overseas business d
By Lee Kap-soo Daejeon University (President Nam Sang-ho) LINC 3.0 Project Group, led by Director Lee Young-hwan, announced on Aug. 7 that it recently signed a business agreement with the local company ARAR (Automation Technology Joint Stock Company) in Ho Chi Minh City, Vietnam for revitalizing the local economy and supporting the stable growth of young people through mutual exchange and cooperation. Through this agreement, the two organizations will cooperate in various fields, such as △ establishing and operating a shared cooperative network with universities, local companies, and local gov
By Anna Kim Korea’s Trade, Industry and Energy Minister Lee Chang-yang and Minister for Trade Dukgeun Ahn met with the House Committee on Ways and Means, led by Congressman Jason Smith, on July 31 in Seoul to discuss the U.S. Inflation Reduction Act (IRA), CHIPS and Science Act, energy cooperation and other Korea-U.S. industrial and trade issues. Meanwhile, Korea’s Trade, Industry and Energy Vice Minister Jang Young-jin held a briefing session on Korea-U.S. industrial technology R&D on August 1 (local time) in San Francisco and conveyed the Korean government’s stance on international coope
By Kayla lee K-water held a meeting with ambassadors from five countries in the Mekong River basin, including Cambodia, Laos, Myanmar, Thailand and Vietnam, at the Han River Basin Headquarters in Gwacheon, Gyeonggi Province on Aug. 1. At the meeting, K-water shared the current status of projects being pursued in the Mekong River basin, including the expansion of water facilities in Batambang Province, Cambodia, and the establishment of a climate-adaptive flood example and warning system for the Sebanghiyang River basin in Sawanaket, Laos. In addition, they discussed ways to cooperate through t
By Kayla lee The Busan Port Authority (BPA) announced on Aug. 4 that it signed an MOU for logistics-linked cooperation with Ishikawa Prefecture, a port authority at Kanazawa Port in Japan, at the Busan Port International Passenger Terminal in Dong-gu on Aug. 3. Kanazawa Port, located on the west coast of Honshu, Japan, is geographically adjacent to Busan Port and has eight Busan routes per week, and large shippers such as Komatsu, the world's second-largest heavy equipment company, use the route. BPA President Kang Joon-seok said, “Through the signing of this MOU, we will strive to facilitate
By Reporter Anna Kim President Yoon Suk-yeol met with Peter Wennink, the CEO of ASML, a Dutch semiconductor company, on July 28 at the Presidential Office in Yongsan, during his visit to South Korea. This meeting between President Yoon and CEO Wennink is the second one following the bilateral summit between South Korea and the Netherlands in November last year, which aimed to foster cooperation among semiconductor companies. ASML, the world's leading semiconductor lithography equipment manufacturer, had a groundbreaking ceremony for the "ASML Semiconductor Equipment Cluster" in Hwaseong City,