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Business (Exclusive) Aifeex, a global multi-level Ponzi scam
By Diplomacy Journal Lee Gil-ju Lured investors with false advertising of a NASDAQ listing... Withdrawals currently suspended - Damages estimated at hundreds of billions of won, with serious impact on ordinary citizens, including the elderly and housewives. Recently, Aifeex LTD, which lured investors with promises of high returns under the guise of an "AI-based automated fund system," has been revealed to be facing a massive redemption suspension, marking the end of a typical Ponzi scam. Aifeex operates in Korea, the United States, China, Japan, Vietnam, Singapore, and Malaysia, raising concer
- Lee Gil-ju 기자
- 2025-12-02 14:54
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Business KB Bank Indonesia hosts 'KB Bank Economic Outlook 2026'
By Diplomacy Journal Lee Kap-soo KB Bank Indonesia ("KBI"), a subsidiary of KB Kookmin Bank, held "KB Bank Economic Outlook 2026," a forum in Jakarta, Indonesia, on Nov. 27 to forecast Indonesia's economic and political landscape ahead of 2026. The forum was held under the theme "Navigating Indonesia's Next Growth Wave: Economic Outlook and Political Landscape 2026." Key speakers included Luhut Binsar Pandjaitan, Chairman of the National Economic Council (NEC/DEN) and Special Advisor to the President; Pandu Patria Sjahrir, Chief Investment Officer (CIO) of the Indonesian sovereign wealth fund
- Lee 기자
- 2025-12-02 11:35
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Business Korea nears 1,000 high-growth “Venture Billion” companies in sales
By Diplomacy Journal Lee Kap-soo The Ministry of SMEs and Startups (MSS) with the Korea Venture Business Association hosted the 2025 Venture Billion Ceremony on 27 November, at EL Tower in Seoul. ”Venture Billion” refers to Korean venture companies that record annual revenues of at least KRW 100 billion (approximately USD 70 million). The ceremony served as a signature event on the second day of Korea’s inaugural Venture Week (November 26 – December 2), bringing national recognition to companies that achieved and maintained annual revenues of KRW 100 billion as of the end of 2024. Since the ve
- Lee 기자
- 2025-12-01 16:52
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Business Hanwha Aerospace signs a 705 billion won contract with DAPA
By Diplomacy Journal Kayla Lee Hanwha Aerospace, a subsidiary of Hanwha Group, has signed a 705 billion won contract with the Defense Acquisition Program Administration (DAPA) for the mass production of the Long-range Surface-to-Air Missile (L-SAM) system, a central component of South Korea’s layered air and missile defense architecture. Under the pact, Hanwha Aerospace will manufacture and deliver L-SAM launchers and anti-ballistic missiles to the Republic of Korea Armed Forces through 2030. By adding a higher-altitude interception layer, the system enables earlier engagement of incoming ball
- Kayla Lee 기자
- 2025-12-01 15:39
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Business LG Electronics signs a strategic partnership with Expo City Dubai
By Diplomacy Journal Lee Kap-soo LG Electronics signed a strategic partnership with Expo City Dubai – a city borne out of the Dubai government-backed 2020 World Expo – to collaborate on the development of a next-generation smart city on Nov. 19. The agreement was signed by William Cho, CEO of LG Electronics and Ahmed Al Khatib, Chief Development and Delivery Officer, Expo City Dubai. The partnership builds on discussions at the Korea–UAE Business Roundtable, where both governments agreed to deepen cooperation in AI-powered service development and AI infrastructure. It also further deepens LG’s
- Lee 기자
- 2025-12-01 14:52
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Business The 29th Korea–Latin America Business Forum held at COEX in Seoul
By Diplomacy Journal Lee Kap-soo The Ministry of Trade, Industry and Resources (MOTIR) held the 29th Korea–Latin America Business Forum on November 28, at COEX in Seoul, together with the Korean Council on Latin America and the Caribbean and other private sector organizations. The forum brought together diplomatic representatives from 18 Latin American countries in Korea, Korean companies operating in the region, and officials from trade and investment support institutions. Established in 1997, the forum is held annually. This year’s session examined the Latin American business environment in
- Lee 기자
- 2025-11-28 16:53
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Business Hyundai Motor drives battery innovation with Future Mobility Battery Campus
By Diplomacy Journal Lee Kap-soo Hyundai Motor Group held a topping-out ceremony for its Future Mobility Battery Campus in Anseong, Korea on Nov. 28, marking a major milestone in the Group’s commitment to advancing battery technology and enhancing global electric vehicle (EV) competitiveness. The event, held at Anseong’s Fifth General Industrial Complex, celebrated steady construction progress since breaking ground in January 2025 and reaffirmed the Group’s vision to lead future mobility through next-generation battery research and development infrastructure. Representing a KRW 1.2 trillion in
- Lee 기자
- 2025-11-28 16:22
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Business AMCHAM hosts roundtable with NTS Commissioner Lim Kwang-hyun
By Diplomacy Journal Lee Kap-soo The American Chamber of Commerce in Korea (AMCHAM), led by Chairman and CEO James Kim, hosted National Tax Service Commissioner Lim Kwang-hyun at a roundtable at the IFC Forum in Yeouido on Nov. 28 for a wide-ranging discussion on how to further enhance Korea’s attractiveness as a global investment destination. The AMCHAM delegation shared insights on the tax and regulatory challenges foreign companies encounter in Korea and emphasized the need for greater predictability and clarity in the business environment. Commissioner Lim outlined the administration’s tax
- Lee 기자
- 2025-11-28 15:32
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Business Leaders of KGCCI, FKCCI hold talks with National Assembly Speaker Woo Won-shik
By Diplomacy Journal Lee Kap-soo The Korean-German Chamber of Commerce and Industry (KGCCI), led by President & CEO Marie Antonia von Schönburg, held a meeting on November 26 with Woo Won-shik, Speaker of the National Assembly, together with the French-Korean Chamber of Commerce and Industry (FKCCI). The meeting focused on the business environment for foreign-invested companies, key regulatory issues, and ways to deepen bilateral economic cooperation. During the meeting, the parties exchanged views on the recently passed “Yellow Envelope Act,” Korea’s energy transition policy, and measures
- Lee 기자
- 2025-11-27 16:35
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Business ECCK Christmas Dinner 2025 successfully concludes at Four Seasons Hotel Seoul
By Diplomacy Journal Lee Kap-soo The ECCK Christmas Dinner took place at the Nuri Ballroom of the Four Seasons Hotel Seoul on Nov. 20, bringing together more than 150 guests for an evening filled with festive spirit. The venue’s holiday atmosphere was elevated by a special Christmas tree installation by Mercedes-Benz Korea, designed as a modern take on the traditional bokjumoni. The programme opened with a live Classical Performance featuring Oboe, Violin, and Piano by Dulwich. Following the performance, ECCK Chair Philippe van Hoof delivered the opening remarks. H.E. Ugo Astuto, Ambassador of
- Lee 기자
- 2025-11-27 14:24
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Business Hanwha Ocean wins $515 million overseas order to build 4 very large crude carriers
By Diplomacy Journal Lee Kap-soo Hanwha Ocean, the shipbuilding affiliate of Korea’s Hanwha Group, has won a 757.7 billion-won (US$515 million) order to construct four very large crude carriers (VLCCs) for an Africa-based shipping company, it announced on Nov. 24. According to the regulatory filing, the vessels are scheduled for delivery by November 2028. The name of the client has not been disclosed. With this latest contract, Hanwha Ocean’s order intake for the year has reached US$6.97 billion. The company secured US$8.98 billion in total orders in 2024, demonstrating continued momentum in l
- Lee 기자
- 2025-11-26 11:48
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Business SK hynix redefines its vision at SK AI Summit 2025 in Seoul
By Diplomacy Journal Lee Kap-soo SK hynix shared its next-generation AI memory strategy and roadmap at the SK AI Summit 2025 held in Seoul from November 3–4. At the summit held under the theme “AI Now & Next,” the company elevated its vision from becoming a full-stack AI memory provider to embracing a broader role as a full-stack AI memory “creator.” Hosted annually by SK Group, the event was formerly known as the SK Tech Summit but has evolved with a greater focus on AI to become the SK AI Summit since 2024. This year’s event brought together global AI experts and industry professionals t
- Lee 기자
- 2025-11-25 14:29
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Business Samsung equips Royal Caribbean’s Star of the Seas with TVs and Smart Signage
By Diplomacy Journal Lee Kap-soo Samsung Electronics announced on Nov. 19 that it has supplied more than 6,000 hospitality TVs and Smart Signage displays to Royal Caribbean`s Star of the Seas, the world’s best family vacation. The installation spans guest cabins, crew quarters and public areas — including lounges and theaters. This collaboration marks the latest milestone in a longstanding partnership, with Samsung serving as Royal Caribbean’s official display technology provider across the vacation brand`s fleet over 21 years. Completing its maiden voyage from Port Canaveral, Florida, in Augu
- Lee 기자
- 2025-11-24 16:01
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Business Kia marks milestone with establishment of future PBV production hub in Korea
By Diplomacy Journal Kayla Lee Kia Corporation celebrated the completion of its dedicated Platform Beyond Vehicle (PBV) facility, the Hwaseong EVO Plant East, and the breaking of ground for the EVO Plant West, a large-scale PBV production facility in Korea on Nov. 14. Combined, Kia will have an annual PBV production capacity of 250,000 units as part of its aim to establish a future PBV production hub. The ceremony was held at Kia’s AutoLand Hwaseong plant, located in Gyeonggi Province, South Korea. The event was attended by around 200 guests, including Min-seok Kim, Prime Minister of the Repub
- Kayla Lee 기자
- 2025-11-24 14:50
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Business KGCCI releases the 11th CSR report of German companies in Korea
By Diplomacy Journal Lee Kap-soo The Korean-German Chamber of Commerce and Industry (KGCCI), led by President & CEO Marie Antonia von Schönburg, has released the 11th CSR Report of German Companies in Korea on Nov. 24, highlighting how German businesses are deepening their social, environmental and community engagement across the country. The annual report, now in its eleventh year, features corporate social responsibility initiatives from nine German companies: Armacell Korea, Bayer Korea, Boehringer Ingelheim Korea, Henkel Korea, Mercedes-Benz Korea, Porsche Korea, Robert Bosch Korea, Si
- Lee 기자
- 2025-11-24 11:26
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(Exclusive) Aifeex, a global multi-level Ponzi scam
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Vice Foreign Minister Park Yoon-joo holds Korea-Thailand Strategic Dialogue
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Hanwha Ocean wins $515 million overseas order to build 4 very large crude carriers
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Korea-Africa Foundation holds an Af-PRO (Africa Professional) lecture
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East Sea Coast Guard and Indonesian Embassy discuss crime prevention steps
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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