By Diplomacy Journal Kayla Lee Hanwha Aerospace, a subsidiary of Hanwha Group, has signed a 705 billion won contract with the Defense Acquisition Program Administration (DAPA) for the mass production of the Long-range Surface-to-Air Missile (L-SAM) system, a central component of South Korea’s layered air and missile defense architecture. Under the pact, Hanwha Aerospace will manufacture and deliver L-SAM launchers and anti-ballistic missiles to the Republic of Korea Armed Forces through 2030. By adding a higher-altitude interception layer, the system enables earlier engagement of incoming ball
By Diplomacy Journal Lee Kap-soo LG Electronics signed a strategic partnership with Expo City Dubai – a city borne out of the Dubai government-backed 2020 World Expo – to collaborate on the development of a next-generation smart city on Nov. 19. The agreement was signed by William Cho, CEO of LG Electronics and Ahmed Al Khatib, Chief Development and Delivery Officer, Expo City Dubai. The partnership builds on discussions at the Korea–UAE Business Roundtable, where both governments agreed to deepen cooperation in AI-powered service development and AI infrastructure. It also further deepens LG’s
By Diplomacy Journal Lee Kap-soo Park Jung-sung, Deputy Minister for Trade at the Ministry of Trade, Industry and Resources (MOTIR), met with Nazar Aziz Savzali, Deputy Minister of Industry and New Technologies of the Republic of Tajikistan, on November 24, at the Korea Trade Insurance Corporation in Seoul to discuss expanding bilateral economic cooperation in trade and investment, official development assistance (ODA), and critical mineral supply chains. The Tajik delegation also included Abdugaffor Jamolzoda, Deputy Director of the Export Agency, and Shamsullo Khairullozoda, Deputy Minister
By Diplomacy Journal Lee Kap-soo Yeungnam University hosted the "2025 Global Saemaul Undong Forum" at the Cheonma Art Center on Nov. 28. This year's forum, themed "Challenges and Directions for Global Sharing of the Saemaul Movement and Saemaul Studies," brought together experts and practitioners from around the world to share the development experiences of the Saemaul Movement and Saemaul Studies with the international community and present the university's future vision of nurturing talented individuals who will contribute to the advancement of human society. The event was graced by the pres
By Diplomacy Journal Lee Gil-ju Jeong Kwang-yong, Director-General for African and Middle Eastern Affairs at the Ministry of Foreign Affairs, held the 8th Korea-Iran Director-General-Level Policy Consultation with Ali Asghar Mohammadi, Director-General for Asia and the Pacific Affairs at the Iranian Ministry of Foreign Affairs, in Tehran on November 30, local time, the Ministry of Foreign Affairs said. Both sides recognized the holding of the 8th Consultation, held just six months after the 7th, as a testament to the efforts of both foreign ministries to sustain friendly relations. They exchan
By Diplomacy Journal Lee Kap-soo The Ministry of Trade, Industry and Resources (MOTIR) held the 29th Korea–Latin America Business Forum on November 28, at COEX in Seoul, together with the Korean Council on Latin America and the Caribbean and other private sector organizations. The forum brought together diplomatic representatives from 18 Latin American countries in Korea, Korean companies operating in the region, and officials from trade and investment support institutions. Established in 1997, the forum is held annually. This year’s session examined the Latin American business environment in
By Diplomacy Journal Lee Kap-soo Hyundai Motor Group held a topping-out ceremony for its Future Mobility Battery Campus in Anseong, Korea on Nov. 28, marking a major milestone in the Group’s commitment to advancing battery technology and enhancing global electric vehicle (EV) competitiveness. The event, held at Anseong’s Fifth General Industrial Complex, celebrated steady construction progress since breaking ground in January 2025 and reaffirmed the Group’s vision to lead future mobility through next-generation battery research and development infrastructure. Representing a KRW 1.2 trillion in
By Diplomacy Journal Lee Kap-soo The American Chamber of Commerce in Korea (AMCHAM), led by Chairman and CEO James Kim, hosted National Tax Service Commissioner Lim Kwang-hyun at a roundtable at the IFC Forum in Yeouido on Nov. 28 for a wide-ranging discussion on how to further enhance Korea’s attractiveness as a global investment destination. The AMCHAM delegation shared insights on the tax and regulatory challenges foreign companies encounter in Korea and emphasized the need for greater predictability and clarity in the business environment. Commissioner Lim outlined the administration’s tax
By Diplomacy Journal Lee Gil-ju Park Il, the Seoul government representative for the protection of overseas Koreans in Cambodia, visited Sihanoukville, a major hotspot for online scams in Cambodia, on November 27. He met with Police Chief Sar Ratha and Governor Mang Sineth to discuss responses to online scams and cooperation measures against Korean nationals. He was also accompanied by Korean police officers from the "Korea-Cambodia Joint Task Force for Korean Nationals" (abbreviated as the "Korea Task Force"). Park stated that the Korean government is paying particular attention to the ongoin
By Diplomacy Journal Lee Kap-soo The Korean-German Chamber of Commerce and Industry (KGCCI), led by President & CEO Marie Antonia von Schönburg, held a meeting on November 26 with Woo Won-shik, Speaker of the National Assembly, together with the French-Korean Chamber of Commerce and Industry (FKCCI). The meeting focused on the business environment for foreign-invested companies, key regulatory issues, and ways to deepen bilateral economic cooperation. During the meeting, the parties exchanged views on the recently passed “Yellow Envelope Act,” Korea’s energy transition policy, and measures
By Diplomacy Journal Kayla Lee The final participating teams of the '2025 Korea-Africa Startup Competition' visited Nairobi, Kenya, for a week-long local bootcamp from November 7 to 14, the Korea-Africa Foundation said. During the bootcamp, the teams visited various relevant organizations, including Kenyan unicorn startup M-Pesa, fintech startup Pezesha, the Kenya Export Promotion and Branding Agency (a government organization), and Jomo Kenyatta University of Agriculture and Technology. This provided an opportunity to deepen their understanding of the Kenyan business ecosystem and explore mar
By Diplomacy Journal Kayla Lee The “EU Food Market & Networking” event was held under the sponsorship of the European Union (EU) on November 25 at the Floating Island Convention Hall on Sebitseom in Banpo, Seoul. Under the slogan of “Colours by Europe, Tastes of Excellence,” the event brought together experts from Korea’s food and beverage industry as well as media representatives to explore the quality and appeal of European agri-food products and discuss future cooperation opportunities. The event began with opening remarks by Kim Mi-kyung, Trade Officer at the EU Delegation to Korea, fo
By Diplomacy Journal Lee Kap-soo The ECCK Christmas Dinner took place at the Nuri Ballroom of the Four Seasons Hotel Seoul on Nov. 20, bringing together more than 150 guests for an evening filled with festive spirit. The venue’s holiday atmosphere was elevated by a special Christmas tree installation by Mercedes-Benz Korea, designed as a modern take on the traditional bokjumoni. The programme opened with a live Classical Performance featuring Oboe, Violin, and Piano by Dulwich. Following the performance, ECCK Chair Philippe van Hoof delivered the opening remarks. H.E. Ugo Astuto, Ambassador of
By Diplomacy Journal Lee Jon-young The government held a ceremony to commemorate International Development Cooperation Day at the Plaza Hotel in Seoul on Nov. 25. International Development Cooperation Day, commemorating Korea's accession to the OECD Development Assistance Committee (DAC) on November 25, 2009, was designated as a statutory holiday under the Framework Act on International Development Cooperation this year. Approximately 250 people, including Prime Minister Kim Min-seok, foreign ambassadors to Korea, heads of international organizations in Korea, the Chairman of the Korea Interna
By Diplomacy Journal Lee Kap-soo First Vice Minister Park Yoon-joo held the "Korea-Thailand Strategic Dialogue" with Thai Permanent Secretary of the Ministry of Foreign Affairs Eksiri Pintaruchi in Seoul on November 26. Vice Minister Park extended condolences to both sides regarding the death of Queen Sirikit of Thailand (October 24) and the recent human and material damage caused by heavy rains in southern Thailand (including Songkhla). Vice Minister Eksiri expressed her gratitude and congratulated Korea on the successful hosting of the Gyeongju APEC Summit. The two vice ministers commended t