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Business DPM Koo meets with World Bank and IMF presidents in Washington D.C.
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
- Kayla Lee 기자
- 2025-10-23 11:27
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Business Korea and Montana discuss stronger economic cooperation
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
- Lee 기자
- 2025-10-22 16:52
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Business Hanwha Aerospace joins hands with Akkodis Nordics to develop Chunmoo Simulator
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
- Lee 기자
- 2025-10-22 15:58
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Business ICCK to hold the Diwali Ball 2025 event in Seoul on Dec. 5
By Diplomacy Journal Lee Kap-soo The Indian Chamber of Commerce in Korea (ICCK) announced its much-awaited annual signature event, the Diwali Ball 2025, to be hosted this year at the prestigious Fairmont Ambassador Hotel Seoul on December 5. After a decade of prestigious gatherings fostering India-Korea business ties and cultural exchange, this year’s event promises an exceptional evening of networking, entertainment, and celebration. India and South Korea share a robust and growing economic partnership with roots tracing back to the late 1960s and formal diplomatic ties established in 1973. O
- Lee 기자
- 2025-10-20 14:26
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Business MSS invites SMEs to join the "2025 K-Beauty Creator Challenge"
By Diplomacy Journal Kayla Lee The Ministry of SMEs and Startups (MSS) announced on Oct. 17 that it has begun accepting applications from small and medium-sized enterprises (SMEs) for participation in the "2025 K-Beauty Creator Challenge". Launched in 2024, this public–private collaborative initiative aims to discover promising export-oriented SMEs in the cosmetics and beauty sector and support their entry into global markets. Last year, out of 178 companies seeking to expand into the U.S. market, ten were selected to receive marketing consulting from global platform operators such as Amazon,
- Kayla Lee 기자
- 2025-10-17 15:05
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Business Samsung joins hands with GRAIL to bring the cancer early detection test to Asia
By Diplomacy Journal Lee Kap-soo Samsung C&T (SCT), Samsung Electronics (SEC), and GRAIL, Inc. (Nasdaq: GRAL), announced on Oct. 17 that they have signed a binding Letter of Intent for a strategic collaboration to bring GRAIL’s GalleriⓇ multi-cancer early detection (MCED) test to key Asian markets. SCT and SEC have also agreed to invest $110 million into GRAIL, a healthcare company whose mission is to detect cancer early when it can be cured, at a price of $70.05 per share of common stock. “Guided by its commitment to advancing next-generation bio-technologies and improving quality of life
- Lee 기자
- 2025-10-17 14:18
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Business About 200 Hyundai vehicles to be deployed for APEC economic leaders’ meeting
By Diplomacy Journal Lee Kap-soo Hyundai Motor Group signed a memorandum of understanding (MoU) with the APEC Preparatory Office under the Ministry of Foreign Affairs on Oct. 15 to provide official vehicles for the upcoming Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting, set to take place in Gyeongju, Korea, from October 31 to November 1. About 200 vehicles will be deployed, including 113 Genesis G90 sedans, 74 Genesis G80 sedans, three Universe hydrogen electric buses, and two mobile office buses. The vehicles will be used as protocol vehicles and for operational support d
- Lee 기자
- 2025-10-16 17:04
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Business FOMEK Chairman Choi meets with Georgian Amb. to Korea Tarash Papaskua
By Diplomacy Journal Lee Kap-soo Choi Jin-shik, Chairman of the Federation of Middle Market Enterprises of Korea (FOMEK), met with Tarash Papaskua, Ambassador of Georgia to South Korea, on October 14. He stated, “Amid rapidly changing global trade and economic conditions, New Eurasia could be a good option as a breakthrough for diversifying exports and supply chains for Korean mid-sized enterprises.” Chairman Choi emphasized, “To improve the export environment and secure stable supply chains, we must reduce our high dependence on China and the United States,” adding, “Georgia, the first countr
- Lee 기자
- 2025-10-16 14:39
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Business SK bioscience files for first-in-human trial of universal coronavirus vaccine
By Diplomacy Journal Lee Kap-soo SK bioscience announced on Oct. 15 that it has submitted a Phase 1/2 clinical trial application in Australia for GBP511, a universal coronavirus vaccine (pan-sarbecovirus vaccine) candidate. Sarbecoviruses, a subgenus of coronaviruses, include SARS-CoV-2 (COVID-19), the original SARS virus, and related variants. GBP511 is designed to provide broad protection across the sarbecovirus family, moving beyond the strain-specific approach of existing COVID-19 vaccines. The trial will enroll approximately 500 healthy adults aged 18 and older in Australia, and will eval
- Lee 기자
- 2025-10-15 14:23
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Business Groundbreaking of Mahenge graphite project held in Tanzania
By Diplomacy Journal Kayla Lee The Government of the Republic of Korea, together with the Governments of Australia and Tanzania, welcomes the groundbreaking ceremony held on October 9 to officially launch the Mahenge graphite project in Tanzania. Located in the Morogoro region of Tanzania, the Mahenge project is led by the Australian company Black Rock Mining (BRM) and involves the Government of Tanzania and Korean companies, including POSCO International. Tanzanian Government officials, including the Minister of Minerals, the Korean Ambassador to Tanzania, Australia’s Deputy High Commissioner
- Kayla Lee 기자
- 2025-10-13 15:36
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Business Higgsfield AI becomes Kazakhstan’s first unicorn startup, valued at over $1 billion
By Diplomacy Journal Lee Kap-soo Higgsfield AI has officially become Kazakhstan’s first unicorn startup, surpassing a $1 billion valuation, announced co-founder and former Head of Generative AI at Snap Inc. Alex Mashrabov on Sept. 28. According to Mashrabov, the company recently crossed a $50 million run-rate revenue threshold, marking a historic milestone for Kazakhstan’s tech ecosystem. “For the last 15 years, no company in our country has managed to achieve this,” he said. Higgsfield AI’s journey to unicorn status was fueled by investments from leading global funds, including Menlo Ventures
- Lee 기자
- 2025-10-13 14:35
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Business KGCCI, FKCCI co-host special reception with Industry Minister Kim
By Diplomacy Journal Lee Kap-soo The Korean-German Chamber of Commerce and Industry (KGCCI, President & CEO Marie Antonia von Schönburg) and the French-Korean Chamber of Commerce and Industry (FKCCI, CEO Sonia Chaieb) co-hosted a special reception with Korean Minister of Trade, Industry and Energy Kim Jung-kwan on September 29 at the Banyan Tree Club and Spa Hotel in Seoul. The reception provided a platform to discuss recent developments in economic policy, foreign investment, and the overall business climate for German, French, and other European companies operating in Korea. Around 200 r
- Lee 기자
- 2025-09-30 10:32
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Business LG reaffirms value of life through AI powered brand campaign
By Diplomacy Journal Lee Kap-soo LG Electronics (LG) announced the success of its AI-powered Radio Optimism campaign on Sept. 25, which revealed a universal truth: despite the rapid advances in technology, love and gratitude toward family and loved ones remain life’s foremost priorities. Available in six languages, the creative platform inspired people globally to create more than 700,000 personalized songs. These AI-generated tracks – listened to and shared over 1.5 million times – underscored the enduring importance of human connection across cultures. Designed to counter the sense of discon
- Lee 기자
- 2025-09-29 13:57
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Business AMCHAM and BKL co-host “AMCHAM Insights” session
By Diplomacy Journal Lee Kap-soo The American Chamber of Commerce in Korea (AMCHAM) co-hosted an “AMCHAM Insights” session on September 23 with Bae, Kim & Lee LLC (BKL). Held at BKL’s headquarters in Jongno, the event drew more than 140 senior executives from Korean and multinational companies. The program featured a high-level Fireside Chat on U.S.-Korea relations, a panel discussion on the Lee Jae-myung administration’s policy priorities, and a networking reception that brought together leaders across industries. The evening opened with a Fireside Chat between AMCHAM Chairman & CEO J
- Lee 기자
- 2025-09-29 11:30
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Business Hanwha companies host an event to honor U.S. Korean War Veterans
By Diplomacy Journal Lee Kap-soo Hanwha Aerospace, Hanwha Systems, and Hanwha Ocean jointly hosted an event to honor U.S. Korean War veterans by inviting them to the company's facilities in South Gyeongsang Province on September 22. Under the Korean Ministry of Patriots and Veterans Affairs’ "Revisit Korea Program," the event took place from September 18-20. It included participants like Lois R. Gwyn (98), a former naval nurse who served on the USS HAVEN, and Robert M. Martinez (94), a U.S. Army sergeant who fought in defense of Korea. A total of 85 participants, including U.S. service members
- Lee 기자
- 2025-09-25 16:51
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1
(Exclusive) Aifeex, a global multi-level Ponzi scam
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2
Vice Foreign Minister Park Yoon-joo holds Korea-Thailand Strategic Dialogue
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3
Hanwha Ocean wins $515 million overseas order to build 4 very large crude carriers
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4
Korea-Africa Foundation holds an Af-PRO (Africa Professional) lecture
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5
East Sea Coast Guard and Indonesian Embassy discuss crime prevention steps
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6
2025 Korea-Africa Startup Competition team visits Kenya
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2025-12-02 16:39
Peace blooming from the brush tips of K-Folk painting, "The power of Korean traditional beauty reaffirmed in Belarus"
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2025-12-02 14:54
(Exclusive) Aifeex, a global multi-level Ponzi scam
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2025-12-02 11:35
KB Bank Indonesia hosts 'KB Bank Economic Outlook 2026'
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2025-12-02 10:33
Vice Foreign Minister Park holds a meeting with his U.S. counterpart
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2025-12-01 16:52
Korea nears 1,000 high-growth “Venture Billion” companies in sales
Address: Doosan We've Pavilion 1203, Sambong-ro 81, Jongno-gu, Seoul
Date of first registration: Founded in 1996 as UN News, changed its name to The Diplomatic Journal in 2009
Registration No.: Jongno Ra00125/ Registration Date: 2009-04-14/ Registration Number: Seoul 아54606 / Registration Date: Dec. 13, 2022
Publisher: Damwha Media Group Chairman Lee Jon-young
Editor in Chief: Lee Jon-young/ Vice Chairman: Chung Bo-won/ Standing Advisor Lee Keon-chan / Senior Editorial Writer Ko Jae-hwe / Editorial Writer Lee Se-hoon / Cultural Editor Lee Joon-seok/ Political Editor Lim Han-choong/ U.S. Branch Head Kim Joon-bae/ Business Editor Kayla Lee
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UPDATE: 2025년 12월 02일 16시 39분