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Business LH restricts GS E&C, 2 others from bidding on public works for 1 year
By Diplomacy Journal Lee Kap-soo GS E&C, Dongbu E&C, and Daebo E&C have received a one-year ban from bidding on public works projects from LH in connection with the collapse of the underground parking lot of an apartment building in Geomdan, Incheon, last year. GS E&C and Dongbu E&C announced on May 3 that they have been notified by LH that they have been banned from bidding on public works projects. As a result, the companies will not be able to participate in bidding for public works projects ordered by domestic public institutions for one year from May 22 this year to Ma
- Lee 기자
- 2024-05-08 11:03
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Business SK On's Cobalt-free battery wins bronze at 2024 Edison Awards
By Diplomacy Journal Lee Kap-soo SK On, a leading global electric vehicle (EV) battery manufacturer, announced that its Cobalt-free battery has won a Bronze award in the Smart Transportation category at the prestigious 2024 Edison Awards on April 18. The latest honor not only shows SK On's technological prowess but also underscores the company’s commitment to ethical innovation and sustainable progress in the green energy sector. SK On's Cobalt-free battery is considered a breakthrough in EV battery technologies, overcoming technological barriers in cobalt-free cathode material compositions. R
- Lee 기자
- 2024-04-26 16:29
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Business Romanian President Iohannis meets with Doosan Enerbility Chairman Park
By Diplomacy Journal Lee Kap-soo Romanian President Klaus Iohannis visited the headquarters of Doosan Enerbility in Changwon, Gyeongsangnam-do, on April 24 and met with Chairman & CEO Park Gee-won of the company. Romania is in the process of building its first small modular reactor (SMR) power plant. Romania's RoPower is planning to build a 462-megawatt (MW) SMR plant at the site of a coal-fired power plant in the Doişeşti region. US-based NuScale Power will supply six 77-megawatt (MW) SMRs to the plant, and Doosan Enerbility will manufacture and deliver reactor modules, the core equipment
- Lee 기자
- 2024-04-25 16:52
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Business Kazakh President Tokayev meets with KIA CEO Song Ho-sung
By Diplomacy Journal Lee Kap-soo Kazakh President Tokayev received the CEO of KIA Corporation, Song Ho-sung on April 23, 2024. During their meeting, it was emphasized that the production of cars is one of the key areas of Kazakhstan’s industrial policy. CEO Song talked about the progress of construction of a full-cycle car production plant in Kostanay, which will be built in 2025. This ambitious project has already attracted over 200 million US dollars in investment and is expected to create 1,500 permanent jobs. The plant is designed with a capacity to produce 70,000 cars annually, with 50,00
- Lee 기자
- 2024-04-25 10:49
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Business K-water CEO Yun visits Kyrgyzstan for cooperation in the water sector
By Diplomacy Journal Lee Kap-soo K-water has decided to expand global cooperation to jointly respond to the climate crisis and expand water industry exports. Related to this, K-water CEO Yun Seog-dae visited Kyrgyzstan to meet with high-level government officials, sign business agreements and discuss ways to expand cooperation in the water sector in April. Kyrgyzstan is a key partner country of Korea. Kyrgyzstan and South Korea have been cooperating mainly in the fields of environment and health and hygiene. As the lead agency for the Ministry of Environment's International Greenhouse Gas Redu
- Lee 기자
- 2024-04-24 16:11
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Business Natural cure for an intractable skin disease offers hope with alternative medicine
By Diplomacy Journal Kayla Lee Itchy, painful skin conditions can be a daily struggle, and there are more than two million people in Korea alone who suffer from them. From atopic dermatitis to intractable skin and regressive dermatosis, why do these skin diseases occur and why are they so difficult to cure? If you look around you, you can easily find people who have been living with skin diseases for 10, 20, or 50 years. A common misconception is that skin diseases are contagious. However, only some skin diseases are contagious, such as pathogenic microorganisms, but the vast majority are not.
- Kayla Lee 기자
- 2024-04-22 14:35
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Business Ajeet Phatak to be appointed CEO of Munich Re Korea
By Diplomacy Journal Lee Kap-soo Munich Re today announced the appointment of Ajeet Phatak as CEO Korea Branch on April 18. His appointment is subject to regulatory reporting procedures. Phatak will report to Hitesh Kotak, who will be Chief Executive - Japan, India, Korea and South-East Asia as of 1 August 2024. As CEO Korea, Ajeet Phatak will be responsible for Munich Re’s Branch and Property and Casualty (P&C) reinsurance business in Korea. Ajeet Phatak succeeds Michael Hauer, who will be Head of P&C South-East Asia based in Singapore as of 1 September 2024. Roland Eckl, Chief Execut
- Lee 기자
- 2024-04-19 11:21
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Business LG Energy Solution’s $5.5 billion battery project in Arizona well underway
By Diplomacy Journal Lee Kap-soo The construction of a major battery manufacturing complex in Arizona, announced by LG Energy Solution, is on track to be completed in two years with the first round of hiring expected to begin at the end of this year. The company provided progress updates on its $5.5 billion (7.2 trillion won) stand-alone facility during a stakeholder meeting on April 3 at Combs High School in San Tan Valley near the town of Queen Creek where the complex is located. The attendees included Brian Oh, Head of Mobility & IT Battery Division at LG Energy Solution; Hyung Kim, Hea
- Lee 기자
- 2024-04-15 11:26
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Business POSCO International’s palm business enjoys a fast growth
By Diplomacy Journal Lee Kap-soo POSCO International’s palm business has become a major source of revenue for the company, with sales of USD 163.6 million (approximately KRW 213.8 billion) and operating profit of USD 52.56 million (approximately KRW 68.6 billion) last year. Since beginning its farm plantation development in Papua, Indonesia, in 2011, the company started commercial production in 2016 and is on the right track, achieving its largest production volume of 208,000 tons in 2023. Its PT.BIA corporation, the locally established company to run the farm business, turned profitable in 20
- Lee 기자
- 2024-04-09 17:53
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Business Honorary Chairman Shim Won-il of SG Gold Group & Space Gold Group
By Diplomacy Journal Lee Jon-young In early March, the 'Andre Kim Fashion Show' took the stage in Shanghai, China, for the first time in 14 years, attracting the attention of the public. SG Gold Group is the company that made this event possible, which had been attempted several times before but failed to materialize. On March 29, less than a month after the André Kim event in China, SG Gold Group surprised everyone once again by hosting the 'Let's Be Happy Festival' event at the Elena Hotel in Nonhyeon-dong, Seoul, which brought together three competitions (2024 Miss Environmentalist, 2024 Sp
- 이존영 기자
- 2024-04-09 14:15
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Business LG Water Solutions wins contract for world's largest fertilizer complex in Morocco
By Diplomacy Journal Lee Kap-soo LG Water Solutions, LG Chem’s business unit specializing in water treatment and the manufacturer of NanoH2O™ reverse osmosis (RO) membranes, has secured a supply order of seawater RO (SWRO) membrane elements through a local EPC for an expansion of a seawater desalination facility at the OCP Jorf Lasfar Complex. Located approximately 20 km south of El-Jadida, on the Atlantic coast of Morocco, the site is currently the world’s largest fertilizer complex. LG Water Solutions will supply over 18,000 units of LG SW 440 R high-rejection membranes for the SWRO system w
- Lee 기자
- 2024-04-02 17:08
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Business SK On, Ferrari bolster partnership to lead innovation in cell technology
By Diplomacy Journal Lee Kap-soo SK On, a leading global electric vehicle battery manufacturer, announced on March 27 that it signed a memorandum of understanding (MoU) with Italian luxury sports carmaker Ferrari to reinforce their partnership and lead innovation in cell technology. SK On Chief Executive Officer Lee Seok-hee, Ferrari Chief Executive Officer Benedetto Vigna, Ferrari Chief Research and Development Officer Ernesto Lasalandra, SK On Chief Commercial Officer Sung Min-suk and SK On Chief Technology Officer Rhee Jang-weon were among the attendees at the MoU signing ceremony at SK Seo
- Lee 기자
- 2024-03-29 14:12
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Business TES, an SK Ecoplant company, celebrates opening of Virginia facility
By Diplomacy Journal Lee Kap-soo TES, an SK Ecoplant company, provided a boost to sustainability efforts in the U.S. with the grand opening in March of a facility in Fredericksburg, Va., dedicated to securely repurpose IT assets. The site will ensure valuable materials from IT equipment can be used again, without compromising data security, instead of ending up in landfills as electronic waste. The 128,000-square-foot facility is expected to create 100 well-paying jobs in the Fredericksburg area. Strategically located near the largest data center market in the world, the Virginia site will pla
- Lee 기자
- 2024-03-27 15:47
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Business Hyundai Motor Group co–hosts 2024 Korea–Africa Business Forum
By Diplomacy Journal Lee Kap-soo Hyundai Motor Group co–hosted the 2024 Korea–Africa Business Forum on March 25 in Seoul in partnership with the Centre for Sustainable Structural Transformation (CSST) at SOAS University of London and the Korea–Africa Foundation. The forum discussed how Korean and African stakeholders can work together as strategic partners for sustainable development amidst ongoing geopolitical uncertainty. “Africa holds immense potential for strong partnerships and sustainable development,” said Ken Kim, Executive Vice President of HMG Business Intelligence Institute. “Throug
- Lee 기자
- 2024-03-27 14:40
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Business 6th Korean-German Energy Day held in Germany
By Diplomacy Journal Lee Kap-soo The Korean-German Chamber of Commerce and Industry (KGCCI, President & CEO Martin Henkelmann) in cooperation with the Korea Energy Economic Institute (KEEI), Korea Institute of Energy Technology Evaluation and Planning (KETEP), German policy consultancy think tank adelphi and Hydrogen Convergence Alliance held the 6th Korean-German Energy Day (KGED) conference on March 21 at Grand Hyatt Berlin, Germany. The KGED is the flagship event of the Korean-German Energy Partnership, co-hosted by German Ministry for Economic Affairs and Climate Action (BMWK) and Kore
- Lee 기자
- 2024-03-22 14:34
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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 14:02
Ecuadorian Ambassador Suarez meets with KOIMA Chairman Yoon
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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
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 14시 02분