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 April 23 that it has won a final victory in a patent invalidation lawsuit against Moderna, the global developer of mRNA COVID-19 vaccines. SK bioscience filed the nullity suit over the Moderna’s patent on ‘Modified nucleosides, nucleotides, and nucleic acids and uses thereof’ in 2023. This is the only registered patent related to mRNA manufacturing technology in Korea. After nearly two years of review, the Korean Intellectual
By Diplomacy Journal Lee Kap-soo Lee Yong-bae, CEO of Hyundai Rotem met with Ambassador of India to South Korea Amit Kumar at the Embassy of India in Seoul on April 16 to discuss possibility of cooperation between the two countries. During the meeting, the two sides discussed the possibility of cooperation on rail vehicles, defense, smart logistics, automation solutions, and hydrogen energy infrastructure. CEO Lee explained Hyundai Rotem's core business and its specialties such as eco-friendly technology development, product innovation, and timely delivery. Hyundai Rotem entered the Indian mar
By Diplomacy Journal Lee Kap-soo H.E. Georg Schmidt, Ambassador of Germany to Korea, Joern Beissert, Deputy Ambassador of Germany to Korea, and Dennis Bloch, Economic Counsellor of the Embassy of Germany to Korea, visited the headquarters of Webasto Korea, an innovative system partner for the mobility industry and its production plant in Ulsan. The visit symbolizes Webasto Korea's growth and strengthening of its presence in the Korean market since becoming a fully owned subsidiary of the Webasto Group in 2019. The ambassador and his delegation toured production lines and met with management to
By Diplomacy Journal Lee Kap-soo The Korean-German Chamber of Commerce and Industry (KGCCI), in collaboration with Busan Metropolitan City, hosted the KGCCI Economic Outlook 2025 on April 15 at Paradise Hotel Busan, South Korea. The event was followed by a special reception, jointly organized by KGCCI and the German Embassy, bringing together around 130 business leaders, government officials, industry experts and members of the German community in Korea. The event aimed to deliver in-depth insights into the evolving landscape of Korean-German business relations, alongside an analysis of the cu
By Diplomacy Journal Lee Kap-soo Genesis BBQ hosted an official tea time event, “Strawberry Afternoon Tea,” with the British Chamber of Commerce in Korea (BCCK) at its Songridan-gil branch in Seoul on April 11. The event was a communication event organized by the BCCK and was attended by about 50 key figures, including British Deputy Ambassador to Korea Gareth Weir and BCCK CEO Lucinda Walker. YouTuber Josh, who is known for his K-food content, was also present. BBQ introduced the 'Love in London' promotion centered on the strawberry afternoon tea set to coincide with the event. The promotion,
By Diplomacy Journal Lee Kap-soo Executives of Kwangdong Pharmaceutical Co., led by CEO & Chairman Choi Sung-won, visited the Embassy of New Zealand in Seoul on April 10 to strengthen industrial cooperation. Park Il-beom, head of the R&D Center for Natural Product Convergence, visited the embassy and met with New Zealand Ambassador to Korea Dawn Bennet and Richard Dunsheath, head of the Trade and Industry Promotion Agency. The meeting was organized through the medium of deer antler, and the participants expressed their confidence in New Zealand's systematic raw material management syst
By Diplomacy Journal Lee Kap-soo The American Chamber of Commerce in Korea (AMCHAM) hosted the official visit of Alaska Governor Mike Dunleavy to Korea on March 25-26. During this pivotal visit, Governor Dunleavy and his delegation engaged with key Korean government officials, senior leaders of AMCHAM member companies to strengthen commercial and strategic partnerships between the United States and Korea. As the leading advocate of the U.S. business community in Korea, AMCHAM has arranged high-level meetings with influential stakeholders, including Charge d’Affaires Joseph Y. Yun of the U.S. E
By Diplomacy Journal Lee Kap-soo Woori Bank, led by CEO Jung Jin-wan, opened a Polish branch in Warsaw, the capital of Poland, on March 31 as the first Korean bank to expand its strategic base in Europe. Poland has served as a production base and logistics center in Europe, connecting both Eastern and Western Europe. In 2017, Woori Bank opened an office in Katowice, a southwestern industrial city with a large number of local subsidiaries of domestic companies, and has been providing financial support to these companies, including financing and brokerage services. The opening ceremony was atten
By Diplomacy Journal Lee Kap-soo Hanjin Travel announced on March 31 that it has discussed with the Embassy of Lithuania in Seoul how to cooperate in promoting and expanding tourism to Lithuania. The meeting was held at Hanjin's headquarters in Sogong-ro, Jung-gu, Seoul, on March 25, and was attended by CEO Lee Jang-hoon, Lithuanian Ambassador to Korea Ricardas Šlepavicius, and other officials. The meeting was organized to explore ways to promote Lithuanian tourism and discuss ways to cooperate to raise awareness of Lithuania in the Korean market. The Lithuanian Embassy thanked Hanjin for its
By Diplomacy Journal Lee Kap-soo The Korean-German Chamber of Commerce and Industry (KGCCI) has designated Marie Antonia von Schönburg as its next CEO and President, the KGCCI said on March 31. With over two decades of experience in international business relations, von Schönburg has been fostering collaboration between German and foreign enterprises. Most recently, she served as Chief delegate at the Delegation of German Industry and Commerce in Sri Lanka, following her work as Head of the Barcelona Delegation, Deputy Director and Head of Membership and Events at the German Chamber of Commerc
By Diplomacy Journal Lee Kap-soo Global healthcare-specialized company Ilhwa has successfully exported its products to Ukraine, establishing a new bridgehead to the Eurasian market after Russia and Kazakhstan. The company, a member of the Federation of Small and Medium-sized Enterprises of Korea, announced on March 24 that it is introducing 26 types of 63,000 products to the Ukrainian market for the first time. The first shipment consisted of Tingle, a juicy soda brand launched in December last year, as well as barley soda “McCall,” fruit-flavored soda “Top C,” and zero-calorie soda “brrr.” “W
By Diplomacy Journal Kayla Lee The Korea International Trade Association (KITA) announced that it held a 'Korea-Ukraine Reconstruction Cooperation Forum' with a delegation from the Ukrainian Chamber of Commerce and Industry at the Trade Tower in Gangnam-gu, Seoul on March 25. The forum was co-hosted by the Ukrainian Chamber of Commerce and Industry and the Korea-Ukraine New Building Association (KUNBA). The forum was attended by Yoon Jin-sik, Chairman of the Korea International Trade Association, Valeriy Korol, Vice Chairman of the Ukrainian Chamber of Commerce and Industry, Lee Yang-gu, Chair
By Diplomacy Journal Lee Kap-soo The European Chamber of Commerce in Korea (ECCK), the Korean-German Chamber of Commerce and Industry (KGCCI), and nine other European chambers of commerce have released the results of the annual “2024/25 Business Confidence Survey”. Conducted from January 22 to February 14, 2025, the survey garnered responses from 139 CEOs of European companies operating in Korea. The survey reveals a decline in business confidence among European companies in Korea. The percentage of companies satisfied with their business performance has steadily decreased from 68% in 2022 to
By Diplomacy Journal Lee Kap-soo The American Chamber of Commerce in Korea (AMCHAM), led by Chairman and CEO James Kim, hosted a special luncheon with Charge d’Affaires (CDA) of the U.S. to Korea Joseph Y. Yun at the Four Seasons Seoul on March 18. The event brought together approximately 130 senior business executives and industry leaders to engage in an in-depth discussion on the future of the U.S.-Korea alliance and strategic economic cooperation in an evolving global landscape. In his opening remarks, AMCHAM Chairman & CEO James Kim reaffirmed AMCHAM’s commitment to deepening U.S.-Kore
By Diplomacy Journal Lee Kap-soo S-OIL, led by CEO Anwar A. Al-Hejazi, donated 50 million won to the Korea Migrant Women's Rights Center to help migrant women in multicultural families on March 13, the company announced. The Korea Migrant Women's Rights Center is a private, non-profit organization established in 2001 that provides counseling, education, and psychotherapy activities for migrant women living in Korea. It currently operates a shelter for migrant women and their children from multicultural families. S-OIL's donation will be used to provide daily necessities for migrant women leavi