By Diplomacy Journal Lee Kap-soo Minister of Foreign Affairs Cho Tae-yul visited the Korea Enterprises Federation (KEF) on January 30 and met with KEF Chairman Sohn Kyung-shik. The purpose of his visit was to listen to the voices of Korean companies in the field regarding the expansion of overseas expansion. Chairman Sohn emphasized the increasingly important role of diplomacy in the face of growing uncertainty in relations with the four neighboring countries of Japan, China, Russia, and the U.S. which is ahead of the presidential election, and requested that the Ministry of Foreign Affairs ac
By Diplomacy Journal Lee Jon-young Hyundai Elevator is speeding up its efforts to strengthen its global capabilities to explore new markets. At the conference, more than 70 members of the CoP team shared their research over the past year on the construction business, corporate status, cultural characteristics, and market outlook of major and strategic countries. Hyundai Elevator's major markets include China, Indonesia, Vietnam, and Turkmenistan, while its strategic countries include Saudi Arabia, Poland, and Finland. In particular, the event was attended by Mr. Abdulaziz Al-Dael, Director of
By Diplomacy Journal Lee Jon-young KAITUS Technology (KAITUS), a company specializing in AI (Artificial Intelligence) based anti-drone total solution, has signed an exclusive domestic contract and overseas sales agreement with Altaeros, the world's first unmanned Aerostat manufacturer, to enter the airship market. Altaeros was founded as an engineering startup at the Massachusetts Institute of Technology (MIT) in 2010, and has been steadily accumulating technology based on the judgment that solving the inherent problems of Aerostat could lead to a wide variety of applications through various a
By Diplomacy Journal Lee Jon-young Kia has successfully concluded its participation at the 2024 Consumer Electronics Show (CES) in Las Vegas (January 9-12), where the brand presented its Platform Beyond Vehicle (PBV) future strategy. Kia received two prestigious awards at CES for its five PBV concept models, and its multi-phase plan to revolutionize the mobility industry while helping to advance Hyundai Motor Group’s ambitions in software-defined everything (SDx), including robotics, Advanced Air Mobility (AAM), and autonomous driving. Digital Trends hailed Kia’s vision for future mobility wit
By Diplomacy Journal Lee Kap-soo Hyundai Motor Company and Kia Corporation unveiled the ‘Active Air Skirt’ (AAS) technology on Jan. 23 that minimizes the aerodynamic resistance generated during high-speed driving, effectively improving the driving range and driving stability of electric vehicles (EVs). AAS is a technology that controls the flow of air entering through the lower part of the bumper and effectively controls the turbulence generated around the vehicle wheels by operating variably according to the vehicle speed during high-speed driving. In the EV era, competition to secure a bette
By Diplomacy Journal Lee Kap-soo Kim Kyong-hae, CEO of Communications Korea (CK), won the Silver Award in the PR LEGEND category at the INDIE AWARDS 2023, the world's most prestigious PR awards, held on January 24 in London, UK, the PR company said on Jan. 25. The awards are given to legendary figures in the global PR industry. “Thenetworkone,” a global independent network connecting more than 1,600 companies in the PR, advertising and media sectors in 119 countries around the world, is based in London, UK, and annually holds the INDIE AWARDS ceremony to recognize outstanding individuals in th
By Diplomacy Journal Kayla Lee Foreign Minister Cho Tae-yul met with Chey Tae-won, chairman of the Korea Chamber of Commerce and Industry (KCCI) and chairman of SK Group, at the KCCI building in Jung-gu, Seoul, on Jan. 24 to discuss current issues in the business community and cooperation in the fields of foreign affairs and security. Cho, who took office on Jan. 12, has been visiting economic organizations and exchanging views with their leaders on ways to strengthen public-private partnerships. On Jan. 22, he met with Ryu Jin, chairman of the Federation of Korean Industries (FKI). Among thos
By Diplomacy Journal Lee Kap-soo The Seoul Gyeonggi North Construction Branch of the Korea Construction Workers' Union (KCWU) held a press conference on Jan. 23 in front of the GS headquarters in Jongno, Seoul to condemn GS E&C (Engineering & Construction)'s shoddy and poor construction. At the same time, at the Dignity Xi apartment site in Yangpyeong-dong, Yeongdeungpo-gu, Seoul, they condemned GS E&C for conducting concrete pouring work in the middle of a snowstorm, saying that it was doing so to save costs, even though there was a risk that it would lead to poor construction. Ac
By Lee Jon-young SG Gold Group held a commemorative event at the Ellina Hotel in Nonhyeon-dong, Seoul on Jan. 29, 2024, inviting employees and stakeholders of the Group and its subsidiaries to report on the business performance of the year 2023 and announce the business plan for the new year 2024. SG Gold Group reported on its achievements over the past two years, stating that it has been striving to enhance the group's brand value through its own events, sponsorships and collaborations with external organizations, and has been building and expanding its business network at home and abroad thr
By Lee Jon-young Hanwha Life President and CGO Kim Dong-won attended the Davos Forum in Switzerland from January 15 to 19, and had a time of active exchange and cooperation with global financial industry leaders. Hanwha Life's global field management is aimed at expanding its activities beyond the limits of the domestic insurance market, where growth has stagnated due to market saturation and an aging population. President Kim, who visited Davos for the second year in a row, held more than 10 business meetings and focused on finding the direction of Hanwha's global strategy and exploring ways
By Lee Kap-soo An accident occurred when a Korean Air plane collided with a Cathay Pacific plane in the snow at Sapporo Airport in Hokkaido, Japan. According to industry sources, Korean Air flight KE766 and a Hong Kong Cathay Pacific flight collided at 5:30 p.m. at New Chitose Airport in Sapporo, Hokkaido, on a flight to Incheon. According to the industry sources on Jan. 16, at around 5:30 pm on this day, Korean Air Flight KE766, scheduled to depart from Sapporo New Chitose Airport in Hokkaido to Incheon, and a Hong Kong Cathay Pacific passenger plane collided. The accident occurred when Korea
By Lee Kap-soo Chairman Choi Jeong-woo of POSCO Holdings, the holding company of the POSCO Group, and attendees in the overseas board meeting are under investigation for allegedly illegally executing expenses while holding the board meeting in Canada last year. According to police on Jan. 12, the Seoul Suseo Police Department is investigating 16 people, including Chairman Choi Jeong-woo, on suspicion of breach of trust in business. Choi and others are suspected of receiving financial support from POSCO subsidiaries other than POSCO Holdings for the board meeting last year. The board of directo
By Kayla Lee Samsung Electronics shared its vision for how artificial intelligence (AI) technology will enable people to experience their devices more intuitively and conveniently than ever before on Jan. 8. Presenting these ideas at a press conference at CES® 2024, Samsung teamed up with key partners to outline the technology behind this vision and how new products and services use AI capabilities to make life easier. Han Jong-hee, Vice Chairman, CEO and Head of Samsung’s Device eXperience (DX) Division, opened the press conference by describing how AI will enable connected technologies to im
By Lee Kap-soo LG Electronics' CEO William Cho and key company executives introduced the strategies that LG is implementing to achieve its 'Future Vision 2030' goal, during a press conference held for Korean media in Las Vegas, Nevada, U.S.A., on January 10. The CEO began the proceedings by noting that LG had identified three major inflection points – electrification, servitization and digitalization – that will ultimately reshape business and the customer experience. The company aims to overcome challenges, such as persistent market and supply chain uncertainties, and accelerate growth by bui
By Lee Kap-soo Ilhwa Co. announced on Dec. 29 that it has signed a supply contract to export its barley carbonated beverage 'Mc Col' to South Africa. By signing a supply agreement with Trilion Cart, a local network group with many large affiliates in South Africa, Ilhwa will officially introduce Mc Col to the African market. The supply agreement totals 200,000 cans. Mc Col is Korea's leading longevity brand, launched in 1982. It is characterized by its cool and refreshing barley flavor. It has rich nutritional ingredients such as vitamins B1, B2, and vitamin C. It is currently exported to the