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Business SK Group's “V Project” scandal spreads, facing investigations
By Diplomacy Journal Lee Jon-young SK Group's so-called “V Project” has become the subject of simultaneous investigations by the National Tax Service (NTS), police, and prosecutors, facing unprecedented legal risks. The core of the investigation centers on allegations that SK Telecom entered into a contract with its IT subsidiary SK C&C (now SK Inc. C&C) for services that were never actually performed, then transferred funds. This is suspected to have been used to artificially inflate revenue, evade taxes, and as a means to reorganize the group's corporate structure. The NTS conducted
- 이존영 기자
- 2025-06-23 13:52
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Business German delegation explores Korea’s smart care solutions
By Diplomacy Journal Lee Kap-soo The Korean-German Chamber of Commerce and Industry (KGCCI), led by President & CEO Marie Antonia von Schönburg, hosted a high-level German delegation focused on smart welfare, senior housing, and healthcare from June 15 to 18, 2025. The visit aimed at fostering cooperation and technology exchange in smart welfare, senior housing, and healthcare, key sectors addressing the challenges of aging populations in both Korea and Germany. Organized by Germany’s Smart Living & Health Center e.V., the delegation included 22 leading experts and executives from Germ
- Lee 기자
- 2025-06-20 11:38
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Business Daewoo E&C Chairman Jeong meets with President Chapo of Mozambique
By Diplomacy Journal Lee Kap-soo Daewoo E&C Chairman Jeong Won-ju visited Mozambique in Africa to meet with Mozambique's President Daniel Francisco Chapo and discuss current issues, the company said on June 19. During his visit to Maputo, the capital of Mozambique, on June 18, Chairman Jeong stated, “We have experience contributing to the economic development of African countries through projects such as the Botswana-Zambia Kazungula Bridge and the Ethiopia Highway Project.” He added, “I hope that Daewoo Engineering & Construction will contribute to Mozambique's leap forward as a globa
- Lee 기자
- 2025-06-19 17:10
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Business HS Hyosung Vice Chairman Cho presides over ABAC meeting in Canada
By Diplomacy Journal Lee Kap-soo H.S. Cho, Vice Chairman of HS Hyosung and current Chair of the APEC Business Advisory Council (ABAC), presided over the second ABAC meeting of 2025 held in Toronto, Canada, from May 23 to 26 (local time). As Chair, Cho led key discussions focused on enhancing international cooperation amid increasing global trade uncertainties. Over the course of the four-day event, Cho chaired five working group sessions covering core areas of economic collaboration. The meeting opened with the ABAC Chair’s meeting and a welcome dinner for council members on the 23rd, and conc
- Lee 기자
- 2025-06-19 15:59
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Business AMCHAM wraps up successful 2025 Washington doorknock visit
By Diplomacy Journal Lee Kap-soo The American Chamber of Commerce in Korea, led by AMCHAM Chairman and CEO James Kim, successfully concluded its four-day Washington Doorknock visit, held from July 9 to 12, 2025, the AMCHAM said on June 17. Led by AMCHAM Chairman & CEO James Kim, the high-level delegation engaged in a robust series of close to 40 meetings with senior U.S. government officials of the Trump administration, members of Congress, and leading policy institutions to advance key economic priorities in the U.S.-Korea partnership. During the visit, AMCHAM conveyed a strong message of
- Lee 기자
- 2025-06-19 14:07
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Business IBK President Kim signs an MOU with Luxembourg Amb. Jacques Flies
By Diplomacy Journal Lee Kap-soo IBK (Industrial Bank of Korea) has signed an MOU (Memorandum of Understanding) with the Luxembourg Embassy in South Korea. IBK announced on June 11 that it has signed an MOU with the Luxembourg Embassy in South Korea to support the successful entry of IBK innovative startups into European markets and their local commercialization. Through this agreement, IBK and the Luxembourg Embassy plan to jointly operate a program for domestic startups to enter the European market in the second half of this year. The program will focus on supporting participating companies
- Lee 기자
- 2025-06-12 13:51
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Business Hyundai Motor participates in the World Hydrogen Summit 2025 in Rotterdam
By Diplomacy Journal Lee Kap-soo Hyundai Motor Group showcased its position as a global leader in hydrogen at the World Hydrogen Summit 2025 in Rotterdam, Netherlands, May 20-22. The group took part in both the exhibition and high-level Roundtable to share its latest hydrogen initiatives and drive industry dialogue. At the Summit’s Korean Pavilion - organized in collaboration with H2KOREA, a key coalition of hydrogen industry stakeholders - the group highlighted the global advancement of hydrogen technology. The Pavilion also featured contributions from KOTRA and Doosan Fuel Cell. The group hi
- Lee 기자
- 2025-06-05 16:34
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Business The 5th Korea+Sweden Young Design Award ceremony held in Seoul
By Diplomacy Journal Lee Kap-soo The awards ceremony for “The 5th Korea+Sweden Young Design Award (KSYDA)”—co-hosted by home furnishing retailer IKEA Korea, the Embassy of Sweden in Seoul, and the Korea Institute of Design Promotion (KIDP)—was held on June 4 at the Grand Hyatt Seoul, in conjunction with ‘Sweden Day,’ an annual celebration hosted by the Embassy of Sweden. Launched in 2019 to mark the 60th anniversary of diplomatic relations between South Korea and Sweden, the Korea+Sweden Young Design Award aims to expand design exchange between the 2 countries. Under the guiding principles of
- Lee 기자
- 2025-06-05 10:36
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Business SK bioscience wins patent lawsuit against Pfizer
By Diplomacy Journal Lee Kap-soo SK bioscience announced on May 11 that the Supreme Court of Korea has ruled in its favor in a patent infringement lawsuit filed by large global pharmaceutical giant Pfizer over its 13-valent pneumococcal conjugate vaccine (PCV13). In 2020, Pfizer claimed that SK bioscience’s export of PCV13 individual conjugate bulk substances and research-use finished products to Russia infringed on the composition patent of its vaccine, Prevnar 13. However, the Supreme Court ruled that the individual conjugates comprising PCV13 do not fall within the scope of Pfizer’s patent
- Lee 기자
- 2025-05-22 16:30
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Business Kazakhstan strengthens business ties with the Republic of Korea
By Diplomacy Journal Lee Kap-soo The Astana International Financial Centre (AIFC) hosted the business event AIFC Connect in Seoul on May 21, 2025, aimed at strengthening commercial ties between Kazakhstan and the Republic of Korea. The initiative also sought to foster new partnerships and encourage Korean entrepreneurs to engage in joint ventures through the AIFC platform. Nurgali Arystanov, Ambassador Extraordinary and Plenipotentiary of the Republic of Kazakhstan to the Republic of Korea, delivered a welcoming speech in which he emphasized the high level of the expanded strategic partnership
- Lee 기자
- 2025-05-22 10:43
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Business AMCHAM and KOTRA sign MOU to bolster U.S.-Korea trade cooperation
By Diplomacy Journal Lee Kap-soo The American Chamber of Commerce in Korea (AMCHAM) and the Korea Trade-Investment Promotion Agency (KOTRA) signed a Memorandum of Understanding (MOU) on May 15 at KOTRA headquarters to establish a strategic partnership aimed at enhancing the trade and investment environment for foreign-invested companies in Korea. Through this agreement, AMCHAM and KOTRA will work closely together to promote regulatory reform and support initiatives that advance the U.S.-Korea economic partnership. To facilitate this collaboration, the two organizations will establish a joint w
- Lee 기자
- 2025-05-19 15:46
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Business Korea Investment Corp. CEO Park meets with Indian Amb. Amit Kumar
By Diplomacy Journal Lee Kap-soo Park Il-young, CEO of Korea Investment Corporation (KIC), met with Indian Ambassador to Korea Amit Kumar to discuss investment. According to the KIC on May 19, Park and Amb. Kumar met on Nov. 16. The two sides talked about expanding Korea’s investment in India. Korea Investment Corporation established its Mumbai office in April last year. It is the first overseas office in an emerging country. KIC plans to focus on securing promising alternative investment projects. It is focusing on venture capital (VC) and private equity (PE) investment opportunities stemming
- Lee 기자
- 2025-05-19 14:32
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Business SCAT Airlines presents new direct flight between Shymkent and Seoul
By Diplomacy Journal Lee Kap-soo A presentation of the new direct flight between Shymkent and Seoul by SCAT Airlines took place in the capital of South Korea on May 15. The flight is scheduled to launch on May 29, 2025. The event brought together more than 70 leading Korean tour operators and media representatives, highlighting the growing interest in expanding tourism and business exchanges between the two countries. With the launch of this route, Kazakhstan and Korea will be connected by 15 direct flights per week, including flights from Astana and Almaty. The new connection marks an importa
- Lee 기자
- 2025-05-16 10:34
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Business Suhyup Bank CEO Shin visits European investment banks to discuss collaboration
By Diplomacy Journal Lee Kap-soo Suhyup Bank President Shin Hak-ki attended the 58th Annual Meetings of the Asian Development Bank (ADB) in Milan, Italy, to discuss global cooperation with delegations from major countries and heads of the financial community, the bank announced on May 12. According to the bank, the meeting was attended by more than 6,000 delegates from the governments of ADB's 69 member countries, international organizations, journalists, academia, the financial community, and non-governmental organizations (NGOs). From May 7 to 9, Shin traveled to London, England, to meet wit
- Lee 기자
- 2025-05-15 15:12
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Business Doosan Enerbility Chairman Park meets with Czech President Petr Pavel
By Diplomacy Journal Lee Kap-soo Doosan Enerbility's Czech subsidiary, Doosan Skoda Power, officially sponsored the 'Prague Spring International Music Festival'. The Prague Spring International Music Festival opened in Prague on May 12, the anniversary of Bedřich Smetana, the Czech Republic's national composer. The festival opened with a performance of Smetana's signature work, “My Fatherland,” a collection of symphonic poems, at Smetana Hall. The Prague Spring International Music Festival was founded in 1946 to commemorate the first anniversary of the end of World War II and is now in its 80t
- Lee 기자
- 2025-05-14 16:48
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1
President Lee holds first phone call with Tajikistan President Rahmon
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2
Third UN Conference on Landlocked Developing Countries held in Turkmenistan
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3
Korever Company signs strategic partnership with Türkiye’s Medicana Health Group
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4
“Chhattisgarh is the growth engine of central India”
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5
HS Hyosung awards scholarships to students in Alabama, the US
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“Uruguay continues to build with Korea a future-oriented partnership”
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2025-09-02 16:47
Hyundai Motor Group launches Next Urban Mobility Alliance (NUMA)
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2025-09-02 16:18
LG Electronics signs an MOU with UK-based Octopus Energy Group
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2025-09-02 16:01
SK Group and TerraPower strengthen strategic partnership
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2025-09-02 15:28
The “International Streaming Festival 2025” for streaming industry held in Busan
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2025-09-02 15:02
3rd Korea-Malaysia Climate Change Dialogue held in Kuala Lumpur
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 / Managing Editor Lee Kap-soo/ 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 09월 03일 07시 12분