By Diplomacy Journal Lee Kap-soo Choi Jin-shik, chairman of the Federation of Middle Market Enterprises of Korea (FOMEK), met with Amit Kumar, Indian Ambassador to South Korea on July 11, and discussed ways to expand the presence of mid-size companies in India as a promising overseas market and a new production hub for mid-size companies. Chairman Choi stated, “India’s rapid growth is remarkable, based on its highly skilled workforce and advanced manufacturing and digital infrastructure, which are often described as having an abundance of talent.” He added, “India’s value as a new market and p
By Diplomacy Journal Lee Kap-soo In an effort to promote national exports, Kazakhstan participated in the Korea Import Fair 2025, held in Seoul from July 7 to 9. The event, hosted by the Korea Importers Association (KOIMA) with the support of the Ministry of Trade, Industry and Energy of the Republic of Korea and the Korea Trade-Investment Promotion Agency (KOTRA), showcased the services of Air Astana and Scat Airlines as well as products from Maximus and chocolate by Lotte Rakhat. In her opening remarks, KOIMA Chairperson Youn Young-mi emphasized the importance of expanding imports from frien
By Diplomacy Journal Lee Kap-soo Hyundai Motor Company and Kia Corporation officially launched their industrial wearable robot, the X-ble Shoulder, in the Korean market with a handover ceremony for the first unit to Korean Air on July 8. The event was held at Korean Air’s aircraft maintenance hangar in Incheon. As the first official customer, Korean Air will deploy the wearable robot across its aerospace division, including assembly and maintenance operations for commercial airliners, military aircraft, urban air mobility (UAM) vehicles, drones, stealth aircraft and satellite launch systems. “
By Diplomacy Journal Lee Kap-soo SK Group announced its partnership with Amazon Web Services (AWS) to expand cloud infrastructure in South Korea on June 22. SK Group, in partnership with AWS, will build a data center in Ulsan, South Korea for a new AWS AI Zone that will help organizations in South Korea build innovative and new AI applications locally while leveraging the full breadth of AWS capabilities. The AI Zone will bring together multiple innovative capabilities, including dedicated AWS AI infrastructure and servers with world-class semiconductors, UltraCluster networks for faster AI tr
By Diplomacy Journal Lee Kap-soo HS Hyosung Advanced Materials signed a Memorandum of Understanding (MOU) with TATA Steel Thailand for the long-term purchase of sustainable steel raw materials on June 18, the company said. Through this MOU, HS Hyosung Advanced Materials will be able to secure a stable supply of sustainable steel raw materials used in tire steel cords. TATA STEEL Thailand, a subsidiary of India’s leading Tata Group, produces high-quality steel raw materials using the electric arc furnace (EAF) method. EAF-based products recycle scrap metal and are highly energy-efficient, resul
By Diplomacy Journal Lee Kap-soo | The Korean-German Chamber of Commerce and Industry (KGCCI), led by President & CEO Marie Antonia von Schönburg, held the AHK Florist Certificate Award Ceremony on June 30 at the Fairmont Ambassador Seoul. This event recognized nine newly certified florists who completed the AHK Florist Program, a vocational training initiative jointly organized by KGCCI with two of Korea’s leading floral design academies—Cochi Oh Myeon Floral Art School and Lim’s Flower Academy. Integrating core elements of the Germany’s dual vocational training system, the program adhere
By Diplomacy Journal Lee Kap-soo "Pisco: Spirit of Peru" had a prominent participation in the "Seoul International Wines & Spirits Expo 2025", held from June 26 to 28. This flagship beverage is “pisco", a grape-based high-quality liquor distilled in Peru, where it was born in the 16th century. Some of the most popular cocktails with pisco include "Pisco Sour" (made also with egg whites and a dash of bitters), as well as "Chilcano" (made with Ginger Ale, lime wedge, or wheel, for garnish). It is the second time the Embassy of Peru participates in this international expo in collaboration wit
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 June 30 that the company has secured a large-scale commercial production facility which will support entry into the global pneumococcal vaccine market. SK bioscience held a mechanical completion ceremony to mark the expansion of its vaccine manufacturing plant, L HOUSE in Andong, South Korea, on June 27. The expanded facility will serve as a production site for GBP410, a 21-valent pneumococcal conjugate vaccine (PCV21) candida
By Diplomacy Journal Lee Kap-soo Kia Corporation (Kia) President and CEO Song Ho-sung has been honored with the prestigious Issigonis Trophy at the 2025 Autocar Awards. Named after the legendary automotive designer and inventor Sir Alec Issigonis, the Trophy is Autocar’s most prestigious award. Presented annually, it recognizes individuals who have made a significant contribution to the automotive industry through innovation, leadership and exceptional business performance. Mark Tisshaw, Editor of Autocar, commented, “We’re delighted to present Ho Sung Song with the Issigonis Trophy. We’ve bee
By Diplomacy Journal Lee Kap-soo The Women In koRea (WIR: ‘We’ in German) women leadership group of the Korean-German Chamber of Commerce and Industry (KGCCI), in partnership with Macoll Consulting Group and The Executive Center, hosted the WIR Leadership Forum 2025 on June 26 at IFC Forum in Seoul, South Korea. The forum brought together more than 80 women leaders and professionals from businesses, academic, and international organizations to explore the evolving demands of women’s leadership in today’s dynamic workplace. The forum served as a dynamic platform to celebrate the growing influen
By Diplomacy Journal Lee Jon-young SK Group's so-called “V Project” has become the subject of simultaneous investigations by the National Tax Service (NTS), police, and prosecutors, facing unprecedented legal risks. The core of the investigation centers on allegations that SK Telecom entered into a contract with its IT subsidiary SK C&C (now SK Inc. C&C) for services that were never actually performed, then transferred funds. This is suspected to have been used to artificially inflate revenue, evade taxes, and as a means to reorganize the group's corporate structure. The NTS conducted
By Diplomacy Journal Lee Kap-soo The Korean-German Chamber of Commerce and Industry (KGCCI), led by President & CEO Marie Antonia von Schönburg, hosted a high-level German delegation focused on smart welfare, senior housing, and healthcare from June 15 to 18, 2025. The visit aimed at fostering cooperation and technology exchange in smart welfare, senior housing, and healthcare, key sectors addressing the challenges of aging populations in both Korea and Germany. Organized by Germany’s Smart Living & Health Center e.V., the delegation included 22 leading experts and executives from Germ
By Diplomacy Journal Lee Kap-soo Daewoo E&C Chairman Jeong Won-ju visited Mozambique in Africa to meet with Mozambique's President Daniel Francisco Chapo and discuss current issues, the company said on June 19. During his visit to Maputo, the capital of Mozambique, on June 18, Chairman Jeong stated, “We have experience contributing to the economic development of African countries through projects such as the Botswana-Zambia Kazungula Bridge and the Ethiopia Highway Project.” He added, “I hope that Daewoo Engineering & Construction will contribute to Mozambique's leap forward as a globa
By Diplomacy Journal Lee Kap-soo H.S. Cho, Vice Chairman of HS Hyosung and current Chair of the APEC Business Advisory Council (ABAC), presided over the second ABAC meeting of 2025 held in Toronto, Canada, from May 23 to 26 (local time). As Chair, Cho led key discussions focused on enhancing international cooperation amid increasing global trade uncertainties. Over the course of the four-day event, Cho chaired five working group sessions covering core areas of economic collaboration. The meeting opened with the ABAC Chair’s meeting and a welcome dinner for council members on the 23rd, and conc
By Diplomacy Journal Lee Kap-soo The American Chamber of Commerce in Korea, led by AMCHAM Chairman and CEO James Kim, successfully concluded its four-day Washington Doorknock visit, held from July 9 to 12, 2025, the AMCHAM said on June 17. Led by AMCHAM Chairman & CEO James Kim, the high-level delegation engaged in a robust series of close to 40 meetings with senior U.S. government officials of the Trump administration, members of Congress, and leading policy institutions to advance key economic priorities in the U.S.-Korea partnership. During the visit, AMCHAM conveyed a strong message of