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
By Diplomacy Journal Lee Kap-soo LG Electronics has been honored at the Volkswagen Group Award 2024, which took place in Wolfsburg, Germany, on July 2. LG was recognized by the Volkswagen Group, one of the world’s premier automakers, in the ‘Partnership’ category for its outstanding development, manufacture and supply chain management of mobility technologies and solutions, including in-vehicle infotainment systems and connectivity products. The award highlights LG’s unwavering commitment to excellence and points to its growing reputation in the automotive sector as a trusted partner and innov
By Diplomacy Journal Lee Kap-soo From a Small Family Factory to the Largest Production Facility in the Region: Andrey Shin and His Ice Cream Andrey Shin is a man who turned a small family business into the largest ice cream production company in Kazakhstan and Central Asia. How did he achieve this? It All Started with "Bomb" Shin-Line, a prominent company in Kazakhstan, is a recipient of numerous awards and part of the "Competitiveness Leaders - National Champions" program. The company's primary focus is ice cream production, accounting for 77% of its total output. Shin-Line also produces milk
By Diplomacy Journal Lee Kap-soo The Embassy of Nepal in Korea hosted the Nepal’s Tourism Promotion Event and B2B Meeting at the Korea Press Center in Seoul on June 27, 2024. Delivering welcoming and opening remarks by Prof. Dr. Jyoti Pyakural, Ambassador of Nepal to the Republic of Korea, said, “Nepal and Korea need to expand bilateral cooperation, especially in the tourism sector, this year, which marks the 50th anniversary of Nepal-Korea diplomatic relations. Accordingly, I hope that more Korean tourists will visit the beautiful country Nepal.” In the Nepal destination presentation, Hikmat
By Diplomacy Journal Lee Kap-soo Korean Air Flight KE189, which departed Incheon International Airport for Taichung International Airport in Taiwan, was diverted due to an airframe defect. Flight KE189 took off at 4:45 p.m., and about 50 minutes later, while flying over Jeju Island, a message was displayed stating that there was an "abnormality in the pressurization system". The pressurization system regulates the pressure inside the aircraft. The Boeing 737 MAX 8 in question is a Boeing 737 MAX 8, which was identified last October as having a 'pressure bulkhead' abnormality, leading to a glob
By Diplomacy Journal Lee Kap-soo POSCO International, led by CEO Lee Kye-in, is setting up a production base for the European electric vehicle (EV)market this year, following its expansion into the North American market last year. A groundbreaking ceremony for the new traction motor core plant was held in Brzeg, Opole Voivodeship, Poland on June 11, 2024. The event was attended by Opole Marshal Andrzej Bula, Brzeg Mayor Violetta Jaskolska-Palus, Korean Ambassador to Poland Lim Hoon-Min, POSCO International Green Industry Business Head Lee Young-Woo, and others. The new plant, which will occupy
By Diplomacy Journal Lee Kap-soo Lotte Group Chairman Shin Dong-bin met with Uzbekistan's Prime Minister Abdullah Arifov to discuss economic cooperation on June 13. According to Lotte Group, Shin visited Uzbekistan as part of President Yoon Suk-yeol's three-nation tour of Central Asia. While there, Shin met with Prime Minister Arifov and discussed ways to strengthen joint projects related to energy, tourism, and the food industry. "Lotte Group is one of Asia's largest conglomerates," said the Uzbek government, "and this high-level dialogue will lay the foundation for the development of our two
By Diplomacy Journal Lee Kap-soo ISTE signed an agreement with VILDUJA, a Lithuanian energy company, on March 27 to jointly promote various hydrogen projects, including the construction of on-site hydrogen refueling stations. VILDUJA has decided to cooperate with ISTE on technical cooperation and joint business in line with Lithuania's focus on developing the renewable energy and hydrogen industries. In recent years, Lithuania has been investing heavily in the renewable energy and hydrogen industries at the national level. As part of this, it is promoting the construction of on-site hydrogen r
By Diplomacy Journal Lee Kap-soo “Kazakhstan is a wonderful place to visit. We have a golden triangle that any Korean should go and visit,” said Ambassador Nurgali Arystanov of Kazakhstan in Korea on June 19. Delivering welcoming remarks at the Kazakhstan Tourism Roadshow held at The Plaza Hotel in Jung-gu, Seoul, Amb. Nurgali Arystanov said, "Korea and Kazakhstan have a visa-free agreement and are close siblings with a six-hour direct flight," introducing Kazakhstan's accessibility and attractiveness as a travel destination. The ambassador highlighted three cities, known as the "Golden Triang
By Diplomacy Journal Lee Kap-soo “India offers promising prospects to Korean companies doing business in agriculture and food processing fields,” said Y. Kim, Adjunct Professor at the Hankook University of Foreign Studies, Department of Indian languages, Director at the Institute of Indian Studies and author of books like "India Now" and "Guide to Indian Business Trip". At the 47th Speaker Forum, titled "Indian Elections 2024 - Political & Economic Outlook,” which was organized by the Indian Chamber of Commerce in Korea (ICCK), Prof. Kim, the keynote speaker, said, “Korean companies need t