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,
By Reporter Anna Kim Minister of Trade, Industry and Energy Lee Chang-yang has decided to establish supply chains for key resources such as minerals and liquefied natural gas (LNG) with Australia and create conditions for corporate investment. Minister Lee met Australian Climate Change and Energy Minister Chris Bowen in Seoul on July 25 to secure key resources such as minerals and LNG and strengthen cooperation in carbon-neutral areas such as clean hydrogen, green steel, carbon capture and storage (CCS). Regarding CCS cooperation, which is a way for the two countries to achieve carbon neutrali
By Reporter Anna Kim LG Electronics is promoting South Korea’s second largest city’s bid for World Expo 2030, at The Amundi Evian Championship 2023, one of the five major LPGA (Ladies Professional Golf Association) tournaments. LG has supported this prestigious event as an official sponsor since 2017. The tournament began on July 28 and will run until July 30 at the Evian Resort Golf Club in France. In an effort to carry out its mission to support Busan’s bid to host the World Expo, LG will screen its promotional video during The Amundi Evian Championship. Last year, the company also engaged i
By Reporter Anna Kim HD Hyundai announced on July 27 that Dmytro Ponomarenko, the Ukrainian ambassador to Korea, visited Pangyo HD Hyundai Global R&D Center (GRC) and discussed the reconstruction project with Cho Young-chul, president of HD Hyundai Site Solution. President Cho introduced HD Hyundai's construction machinery business here and shared information on the visit of Korean economic mission to Poland, where Korean companies participated on July 14. The two sides agreed to discuss ways to cooperate with Ukraine's reconstruction project and continue to establish a cooperative system.
By Reporter Kayla lee Jeju Special Self-Governing Province signed a Memorandum of Understanding (MOU) with Mongolian Uvurkhangai State on July 26 to solve the manpower shortage during the agricultural season in the province. The signing ceremony took place at the Uvurkhangai State City Hall, with Moon Kyung-sam, the head of Jeju's Agriculture and Livestock Department, and Adiyadeljing Ishdorj, the governor of Mongolia Uvurkhangai, signing the MOU and exchanging mutual agreements. Following the signing of the MOU, both sides discussed expanding the introduction of seasonal agricultural workers
By Reporter Lee jon young Korea's Trade, Industry and Energy Ministry’s Deputy Trade Minister Jeong Dae-jin led the Korean delegation in meeting with his counterpart Edi Prio Pambudi, the Deputy Minister for Coordination of International Economic Cooperation of Indonesia, on July 24 at the Lotte Hotel Seoul to hold the 2nd Korea-Indonesia Economic Cooperation Committee Meeting and discussed measures to bolster bilateral economic cooperation. In their opening messages, both delegation heads noted the importance of the two countries’ half-century long economic partnership in the Indo-Pacific reg
By Reporter Lee Joon-seok A delegation consisting of six members, including Vice Minister Phongthai Intharath of the Ministry of Labor and Social Welfare of Laos and Deputy Chief of Mission Aruncon Boulomma Bong of the Laotian Embassy in South Korea, visited Andong City to discuss cooperation regarding the invitation of foreign seasonal workers on July 24. The visit of the Laotian delegation to Andong City was in response to Mayor Kwon Ki-chang's visit to the Ministry of Labor and Social Welfare of Laos in December last year to sign an MOU for the introduction of foreign seasonal workers in th
By Reporter Kayla lee Diplomacy Journal met with CEO Choi Seung-yeop of Techtree Innovation Co., Ltd., a company that leads the spatial information industry visualization by possessing the best high-precision and high-resolution 3D data construction technology, and heard about his future vision. Techtree Innovation is a specialized company that pioneers 100% visualized spatial information construction through its proprietary graphic creation technology, which includes satellite mapping, GIS data, and 3D scanning using Photogrammetry Software Mapping. CEO Choi said, “We achieve customer satisfa
LG Electronics’ exclusive, free streaming service, LG Channels, is set to present LG Smart TV owners in Australia, Europe and Latin America with a vast selection of compelling K-content, which has gained growing popularity worldwide. Spanning multiple genres and offering something for every age and taste, BINGE Korea is the latest collaboration between LG and South Korea-based digital content and platform distribution company, NEW ID, the first in-house venture of the media group NEXT ENTERTAINMENT WORLD (NEW). In June 2023, LG launched YTN on LG Channels in Australia, Brazil, Mexico and Europ
By Reporter Lee jon young The Ministry of Culture, Sports and Tourism organized the "K-Content Expo in UK" at the Queen Elizabeth II Centre (QEII) in London from July 24-27, the ministry said. Launched in 2016, the K-Content Expo focuses on B2B in the content sector and has promoted Hallyu (Korean Wave) content to major emerging and potential markets, while supporting exports of domestic companies. The participants in the UK event included 35 Korean firms and 60 buyers from Europe, said Korea.net, the official website of the Republic of Korea. During the four-day expo, business meetings that w
By Reporter Lee jon young SK Group, South Korea’s second-largest conglomerate, was named to TIME’s third annual TIME100 Most Influential Companies list for its role in growing electric vehicle (EV) battery manufacturing in the U.S. on July 2 SK was recognized by TIME for driving growth within the EV market by building the infrastructure for EV battery manufacturing in the U.S. SK’s efforts across its companies span the EV battery and charging, hydrogen energy, semiconductor and recycling industries, among others. TIME writes: “South Korea’s second largest conglomerate is making big bets on Ame
By Reporter Kim Hak Young Koh Jin, chairman of the Presidential Committee on the Digital Platform Government, met with Indian Ambassador to Korea Amit Kumar on July 24 to discuss ways to cooperate in the field of public digital transformation between Korea and India. The meeting was held as the Indian Embassy requested to share information on South Korea's digital platform government policy and discuss cooperation between the two countries ahead of the G20 summit (Sept. 9-10), when India took over as chairman this year. Koh and Kumar shared the current status of policies and cooperation agenda
By Reporter Lee jon young The Economic Development Cooperation Fund (EDCF) announced on July 20 that it held an "invitation meeting for African ambassadors to Korea." The EDCF is an economic aid fund for new developing countries established by the Korean government in 1987 to promote economic exchanges with Korea. It supports industrial development and economic stability in developing countries by providing long-term, low-interest loans. The meeting was organized to strengthen economic cooperation with Africa, which has emerged as a large single market with about 1.3 billion people with the la