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Business Korean Air passenger plane to Taiwan diverted due to an airframe defect
By Diplomacy Journal Lee Kap-soo Korean Air Flight KE189, which departed Incheon International Airport for Taichung International Airport in Taiwan, was diverted due to an airframe defect. Flight KE189 took off at 4:45 p.m., and about 50 minutes later, while flying over Jeju Island, a message was displayed stating that there was an "abnormality in the pressurization system". The pressurization system regulates the pressure inside the aircraft. The Boeing 737 MAX 8 in question is a Boeing 737 MAX 8, which was identified last October as having a 'pressure bulkhead' abnormality, leading to a glob
- Lee 기자
- 2024-06-26 11:03
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Business POSCO Int’l breaks ground for traction motor core plant in Poland
By Diplomacy Journal Lee Kap-soo POSCO International, led by CEO Lee Kye-in, is setting up a production base for the European electric vehicle (EV)market this year, following its expansion into the North American market last year. A groundbreaking ceremony for the new traction motor core plant was held in Brzeg, Opole Voivodeship, Poland on June 11, 2024. The event was attended by Opole Marshal Andrzej Bula, Brzeg Mayor Violetta Jaskolska-Palus, Korean Ambassador to Poland Lim Hoon-Min, POSCO International Green Industry Business Head Lee Young-Woo, and others. The new plant, which will occupy
- Lee 기자
- 2024-06-25 16:55
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Business Lotte Chairman Shin Dong-bin meets with Uzbek Prime Minister
By Diplomacy Journal Lee Kap-soo Lotte Group Chairman Shin Dong-bin met with Uzbekistan's Prime Minister Abdullah Arifov to discuss economic cooperation on June 13. According to Lotte Group, Shin visited Uzbekistan as part of President Yoon Suk-yeol's three-nation tour of Central Asia. While there, Shin met with Prime Minister Arifov and discussed ways to strengthen joint projects related to energy, tourism, and the food industry. "Lotte Group is one of Asia's largest conglomerates," said the Uzbek government, "and this high-level dialogue will lay the foundation for the development of our two
- Lee 기자
- 2024-06-24 15:25
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Business ISTE enters the Lithuanian hydrogen market
By Diplomacy Journal Lee Kap-soo ISTE signed an agreement with VILDUJA, a Lithuanian energy company, on March 27 to jointly promote various hydrogen projects, including the construction of on-site hydrogen refueling stations. VILDUJA has decided to cooperate with ISTE on technical cooperation and joint business in line with Lithuania's focus on developing the renewable energy and hydrogen industries. In recent years, Lithuania has been investing heavily in the renewable energy and hydrogen industries at the national level. As part of this, it is promoting the construction of on-site hydrogen r
- Lee 기자
- 2024-06-21 15:01
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Business “Kazakhstan with the golden triangle is a wonderful place to visit”
By Diplomacy Journal Lee Kap-soo “Kazakhstan is a wonderful place to visit. We have a golden triangle that any Korean should go and visit,” said Ambassador Nurgali Arystanov of Kazakhstan in Korea on June 19. Delivering welcoming remarks at the Kazakhstan Tourism Roadshow held at The Plaza Hotel in Jung-gu, Seoul, Amb. Nurgali Arystanov said, "Korea and Kazakhstan have a visa-free agreement and are close siblings with a six-hour direct flight," introducing Kazakhstan's accessibility and attractiveness as a travel destination. The ambassador highlighted three cities, known as the "Golden Triang
- Lee 기자
- 2024-06-20 11:26
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Business Korean firms in agriculture & food processing have promising prospects in India
By Diplomacy Journal Lee Kap-soo “India offers promising prospects to Korean companies doing business in agriculture and food processing fields,” said Y. Kim, Adjunct Professor at the Hankook University of Foreign Studies, Department of Indian languages, Director at the Institute of Indian Studies and author of books like "India Now" and "Guide to Indian Business Trip". At the 47th Speaker Forum, titled "Indian Elections 2024 - Political & Economic Outlook,” which was organized by the Indian Chamber of Commerce in Korea (ICCK), Prof. Kim, the keynote speaker, said, “Korean companies need t
- Lee 기자
- 2024-06-10 17:10
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Business “K-agriculture is the asset of the future”
By Diplomacy Journal Lee Joon-seok | Good Call & AT LAB, led by Chairman Lee Won-jung, are cultivating and processing high quality agricultural products (functional agricultural products) with their own patents and technologies, cultivating and distributing functional agricultural products with local governments and local agricultural cooperatives in various parts of Korea, and conducting safety and efficacy evaluation projects (animal experiments) with the Korea Institute of Oriental Medicine and efficacy evaluation projects (clinical trials) with Wonkwang Oriental University Hospital. In
- Lee Joon-seok 기자
- 2024-06-05 17:21
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Business “Croatia offers favorable business opportunities in the heart of Europe”
By Diplomacy Journal Lee Kap-soo “Any Korean company, which might be interested to invest in tourism and hospitality industry in Croatia, can find a very attractive business opportunity,” said Ambassador H.E. Damir Kušen of Croatia in Seoul. Delivering welcome speech at the Croatian-Korean Business Forum held at Coryo Daeyeongak Tower in Seoul, Amb. Kusen said, “Let me remind you that Croatia has more than 1700 kilometers of the coastline with a lot of opportunities for building tourism infrastructure and facilities. With an introduction of the new direct flights between Seoul and Zagreb, the
- Lee 기자
- 2024-06-04 16:20
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Business Court orders SK Chairman Chey Tae-won to pay $1 bil. in divorce settlement
By Diplomacy Journal Lee Kap-soo SK Group Chairman Chey Tae-won was ordered by an appellate court on May 30 to pay his estranged wife Roh So-young, the former late President Roh Tae-woo's only daughter, 1.38 trillion won (US$1 bil.) in property division and 2 billion won in alimony as part of his divorce from Roh. As for Choi's shares in SK Inc., a group holding company, which were not recognized as property to be divided in the first trial, the second trial ruled that the shares were subject to property division, saying that Roh had a contributory share. As the second trial court in the divor
- Lee 기자
- 2024-05-31 14:53
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Business POSCO-ICPC named “Supplier of the Year” by Schaeffler India
By Diplomacy Journal Lee Kap-soo POSCO-ICPC was named “Supplier of the Year” at the Supplier Day 2024 event held by Schaeffler India in Maharashtra, India, on April 18. Schaeffler India, a global automobile parts manufacturer, holds the Supplier Day event every two years to share its main performance and mid- to long-term strategies with key suppliers and award outstanding suppliers by evaluating them in nine categories, including quality, delivery, cost, innovation, and sustainability. POSCO-ICPC received the highest ratings in all categories at the event, which was attended by more than 200
- Lee 기자
- 2024-05-28 16:59
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Business Korea and UAE hold Business & Investment Forum in Seoul
By Diplomacy Journal Lee Kap-soo Minister for Trade Cheong In-kyo attended the Korea-UAE Business and Investment Forum on May 28, co-hosted by Korea’s Ministry of Trade, Industry and Energy (MOTIE) and the United Arab Emirates (UAE)’ Ministry of Economy and co-organized by Korea Chamber of Commerce and Industry (KCCI) and the UAE Embassy in Seoul, with aim to encourage both countries’ business leaders and their new partnerships. Held on the occasion of the UAE President Sheikh Mohamed bin Zayed’s first state visit to Korea and attended by UAE Minister of State for Foreign Trade Thani bin Ahmed
- Lee 기자
- 2024-05-28 16:27
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Business KCS Commissioner Ko attends 'European Business Meeting in Korea'
By Diplomacy Journal Lee Kap-soo Korea Customs Service (KSC) Commissioner Ko Kwang-hyo attended the 'European Business Roundtable in Korea' hosted by the European Chamber of Commerce in Korea on May 28. The meeting was attended by 30 representatives of European companies in Korea and the European Union Delegation to Korea, and Commissioner Ko was invited by Philippe Van Hoof, Chairperson of the European Chamber of Commerce in Korea (ECCK). Commissioner Ko expressed his pleasure to attend this year's event after last year's ('23.9.7), and shared the direction of tariff policy with European comp
- Lee 기자
- 2024-05-28 14:37
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Business KGCCI CEO inspires Korean students with insights on Korean-German business relations
By Diplomacy Journal Lee Kap-soo Dr. Martin Henkelmann, President and CEO of the Korean-German Chamber of Commerce and Industry (KGCCI), gave a special lecture to 100 students at Busan University of Foreign Studies (BUFS) on May 22, 2024. Dr. Henkelmann’s presentation, titled “Working in German Companies - Benefitting from the Growing Korean-German Business Relations,” offered valuable insights into the dynamic and evolving business relations between South Korea and Germany. He highlighted the opportunities and advantages for Korean students aspiring to build careers in German companies and em
- Lee 기자
- 2024-05-23 10:41
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Business Vietnamese Amb. Vu Ho says, “We will help Korean SMEs enter Vietnam”
By Diplomacy Journal Lee Kap-soo Ambassador Vu Ho of Vietnam to Korea, delivered a greeting at the 'Beyond Korea, a Public-Private Partnership Conference to Support SMEs and Venture Companies to Go Global' held at the Korea Chamber of Commerce and Industry in Seoul on May 22. The event was the first event organized by the public-private partnership to support the overseas expansion of SMEs and venture firms, and Vietnam was selected as the first theme country as there is a high demand for SMEs to expand overseas. The government has decided to build a strong foundation for globalization by focu
- Lee 기자
- 2024-05-22 16:32
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Business Kyrgyzstan's Energy Minister Talaibek Ibraev meets with KEPCO CEO Kim Dong-cheol
By Diplomacy Journal Lee Kap-soo KEPCO, led by CEO Kim Dong-cheol, signed a memorandum of understanding (MOU) with the Ministry of Energy of the Kyrgyz Republic for technical cooperation in the energy sector, KEPCO announced on May 10. The MOU provides an opportunity for KEPCO to cooperate with the Kyrgyz Republic on new energy technologies such as high-voltage direct current transmission (HVDC) and intelligent electricity metering system (AMI). “We will share our experience in growing the power business with the Kyrgyz Republic and continue to cooperate on new energy projects such as high-vol
- Lee 기자
- 2024-05-10 15:15
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Buddha's birthday celebrated with blessing ceremony at temples nationwide
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Hanwha Systems to develop the ‘Korean-style Iron Dome’
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Azerbaijan holds an event to attract investment in Alat Free Economic Zone
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SML Biopharm of Korea signs MOU with Affilogic of France
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Gyeongju City Mayor Joo receives Italian Ambassador Emilia Gatto
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Thai Amb. Sangrat lends support to Cheongju Airport runway construction
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2025-05-09 12:01
The Embassy of Morocco and KAPV jointly organize int’l conference
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2025-05-09 10:37
US Cardinal Robert Prevost elected as Pope Leo XIV
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2025-05-08 16:38
SML Biopharm of Korea signs MOU with Affilogic of France
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2025-05-08 16:09
Thai Amb. Sangrat lends support to Cheongju Airport runway construction
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2025-05-08 12:04
2025 My K-Festa for global Hallyu fans to be held at Olympic Park
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 05월 09일 12시 01분