By Diplomacy Journal Lee Kap-soo Hyundai Motor Company achieved nine honors at the prestigious Red Dot Award: Brands & Communication Design 2025, including one Best of the Best award for its film project ‘Night Fishing.’ The accolades celebrated the company’s innovation and creativity across diverse design and communication categories: Film and Animation, Advertising, Interior Architecture, Restaurant & Café, Brand, Brands & Communications Design, and Digital Solutions. The Red Dot Award: Brands & Communication Design is one of the world’s most esteemed design competitions, rec
By Diplomacy Journal Lee Kap-soo Lotte Chemical held a completion ceremony for Lotte Chemical Indonesia (LCI) in Cilegon, Banten Province, Indonesia on November 6 (local time), the company announced. Lotte Group Chairman Shin Dong-bin and Indonesian President Prabowo Subianto attended the LCI completion ceremony. Delivering congratulatory remarks, Chairman Shin stated, "This project is one of the largest investments by a Korean company in Indonesia. It symbolizes the strong partnership between our two countries and will serve as a crucial foundation for strengthening Indonesia's petrochemical
By Diplomacy Journal Lee Kap-soo The "Indonesia Business Matching 2025" hosted by the Indonesian Ministry of Tourism and Creative Economy (MoTCE) successfully finished at the Lotte Hotel in Busan on Nov. 4. The tourism promotion event attracted over 50 travel industry professionals from the Busan, Ulsan, and Gyeongnam regions, significantly exceeding the initial capacity of 30. The event was attended by key figures from the Indonesian Tourism Board, including Bayu Aji, Chief of Staff to the Indonesian Minister of Tourism; Ali Andika Wardhana, Chargé d'Affaires of the Indonesian Embassy in Kore
By Diplomacy Journal Kayla Lee The Seoul Metropolitan Government (SMG) is accelerating efforts to attract global leaders in next-generation industries, such as AI, fintech, semiconductors, and quantum computing, as Seoul emerges as a testbed and investment hub for global strategic industries. After the American AI and data cloud company Snowflake and Swiss quantum security semiconductor developer SEALSQ invested in Seoul earlier this year, French quantum computing leader Pasqal decided to join, marking the city’s third consecutive success in attracting global strategic industry leaders across
By Diplomacy Journal Lee Kap-soo The Korean-German Chamber of Commerce and Industry (KGCCI), led by President & CEO Marie Antonia von Schönburg, jointly held the “2026 Ausbildung Information Session” with BMW Group Korea, MAN Truck & Bus Korea, Mercedes-Benz Korea, Porsche Korea, Star Truck Korea, and Volkswagen Group Korea at the ibis Ambassador Suwon on November 4, 2025. The Ausbildung Program is dual vocational training education from Germany, where on-the-job training and theoretical education from school are carried out simultaneously. The training is a 36-month educational progra
By Diplomacy Journal Kayla Lee Former President of Korea Aerospace Research Institute (KARI) Lee Sang-ryul has received the Chevalier rank of the Légion d'honneur medal from the French government in recognition of his contributions to Korea-France space cooperation and the advancement of science and technology, the KARI said on Nov. 4. The Légion d'honneur is the French government's highest honor awarded to individuals with distinguished achievements in various fields, including military, academic, cultural, scientific, and industrial fields. Presenting the award on behalf of the French govern
By Diplomacy Journal Lee Kap-soo POSCO Group Chairman Chang In-hwa held a meeting with Australian Prime Minister Anthony Albanese who visited POSCO's Pohang Steel Mill, which represents economic cooperation between Korea and Australia, on Oct. 30, 2025. Prime Minister Albanese, who came to Korea on the occasion of the Asia-Pacific Economic Cooperation (APEC) Summit, visited the Pohang Steel Mill's raw material dock, where he observed the actual use of Australian iron ore and coking coal. POSCO Group began purchasing Australian iron ore in 1971 and has used over 1.5 billion tons of Australian i
By Diplomacy Journal Lee Kap-soo The final satellite in the ‘425 Reconnaissance Satellite’ program, which is South Korea's first surveillance and reconnaissance satellite project, have launched on October 2 (US time) from Cape Canaveral Space Force Station, Florida, USA. Hanwha Systems announced that it supplied the SAR (Synthetic Aperture Radar) payload for the program’s fifth satellite, following its contributions to satellites No. 2, 3 and 4. While the program is led by the Defense Acquisition Program Administration (DAPA) and developed by the Agency for Defense Development (ADD), Hanwha Sy
By Diplomacy Journal Lee Kap-soo RM of 21st century pop icons BTS premiered a new global digital feature as part of its ongoing collaboration with Samsung Electronics and his continuing role as global ambassador for Samsung Art TVs. The short film, released during the week of Art Basel Paris (Oct. 24-26), offers an intimate look at RM’s personal connection to art and shows how Samsung Art TVs bring museum-quality visuals into everyday spaces. Building on his conversations from Art Basel in Basel 2025, where Samsung served as the Official Art TV Partner, RM shares how art can bring joy and mean
By Diplomacy Journal Lee Kap-soo LG Electronics has invested in a partner-operated production facility in Bekasi, West Java, Indonesia, dedicated exclusively to manufacturing LG air conditioners. As part of the company’s strategic efforts to reinforce its Global South strategy, the new facility will enhance LG’s presence in Indonesia, help strengthen its supply chain and serve as a hub for air conditioning innovation. Coinciding with LG’s 35th anniversary in Indonesia, the Bekasi facility spans 32,000 square meters and commenced operation last month, starting with residential air conditioner p
By Diplomacy Journal Lee Kap-soo SK Chairman Chey Tae-won and OpenAI CEO Sam Altman met at SK headquarters in Seoul on Oct. 1 to sign a Letter of Intent (LOI) and a Memorandum of Understanding (MOU) to develop an AI Data Center in South Korea as part of the Stargate project. Chairman Chey Tae-won stated, “We are honored to participate as a core partner in the Stargate project, aimed at building future global AI infrastructure. By leveraging SK’s integrated AI infrastructure capabilities from memory semiconductors to data centers, we will actively contribute to global AI infrastructure innovati
By Diplomacy Journal Lee Kap-soo Hyundai Motor Company has achieved a record brand valuation of $24.6 billion and ranked 30th in the 2025 Interbrand Best Global Brands Rankings, the company said on Oct. 15. This marks 16 years of consecutive growth in brand value since 2010 and a 72 percent increase over the past five years. The company has been listed among the top 30 global brands for the second year in a row. Hyundai Motor’s rise in the rankings reflects its strong financial performance, strategic global expansion and continued investment in innovation. In 2024, the company posted record re
By Diplomacy Journal Kayla Lee Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol attended the International Monetary and Financial Committee (IMFC) meeting in Washington, D.C. on October 17, in his capacity as Governor representing Korea on the IMF Executive Board. On the sidelines of the meeting, DPM Koo also held bilateral meetings with World Bank President Ajay Banga, IMF Managing Director Kristalina Georgieva, and Global Head of Sovereign Ratings at Fitch Ratings James Longsdon. Above all, DPM Koo attended the IMFC meeting to exchange views with finance ministers and
By Diplomacy Journal Lee Kap-soo Trade Minister Yeo Han-koo met with Montana Governor Greg Gianforte and his economic delegation in Seoul on October 20, to discuss ways to strengthen economic cooperation between Korea and the United States, the Ministry of Trade, Industry and Resources (MOTIR) announced. The delegation included the First Lady of Montana, the CEO of Navajo Transitional Energy Company (NTEC), the CEO of Montana Renewables, and the Director of the Office of Trade and International Relations at the Montana Department of Commerce, along with representatives from Montana-based compa
By Diplomacy Journal Lee Kap-soo Hanwha Aerospace has signed a Memorandum of Understanding (MOU) with Akkodis Nordics, a Norway-based company in digital engineering and solutions on October 21 at the Seoul International Aerospace & Defense Exhibition (ADEX) 2025. This agreement establishes a partnership to jointly develop a state-of-the-art simulator for the Chunmoo Multiple Rocket Launcher System. The ceremony was attended by Mr. Billy Boo-hwan Lee, Head of PGM Business Group at Hanwha Aerospace, and Mr. Sebastian Eidem, Vice President of Operations at Akkodis Nordics. This strategic part