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
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
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
By Diplomacy Journal Lee Kap-soo Korea-Saudi Business and Investment Forum was launched on May 9 in Seoul. The forum is anticipated to catalyze economic cooperation between the two countries across new and cutting-edge areas like digital, advanced manufacturing, clean energy, healthcare, and culture, the Ministry of Trade, Industry and Energy (MOTIE) said. Part of an aim to strengthen Korea-Saudi partnership in line with the Saudi Vision 2030, the forum brings together 250 business leaders of both countries to seek collaboration and tangible opportunities around promising new industries such a
By Diplomacy Journal Lee Kap-soo HL Group Chairman Chung Mong-won has been named an honorary citizen of the city of Wałbrzych, Poland. According to HL Group, Chairman Chung became the 15th honorary citizen of the city of Wałbrzych, on April 29 (local time). He was recognized for his 14 years of contributions to the community since opening the HL-Mando auto parts plant in the city in 2011. HL MANDO Poland is the only Korean company in the city of Wałbrzych. The combined size of factories 1 and 2 is approximately 165,000 square meters, producing automotive parts such as brakes, steering, and sus
By Diplomacy Journal Lee Kap-soo | The American Chamber of Commerce in Korea (AMCHAM) signed a tripartite Memorandum of Understanding (MOU) with General Motors Korea (GM Korea) and the Korea Chamber of Commerce and Industry (KCCI) on May 8 to jointly promote the “Buy America” campaign. The agreement builds on a strong foundation of collaboration among the three organizations to further expand the campaign’s impact. This agreement is designed to foster a fair business environment and improve consumer access to GM vehicles in Korea through mutual cooperation. It also supports the broader objecti
By Diplomacy Journal Lee Kap-soo SML Biopharm, a South Korea-based biotech company specializing in mRNA-based therapeutics, announced on May 8 that it has signed a memorandum of understanding (MOU) with French biotechnology firm Affilogic to collaborate on the development of next-generation targeted drugs using mRNA-LNP (lipid nanoparticle) technology. The agreement aims to integrate Affilogic’s proprietary Nanofitin targeting technology with SML Biopharm’s mRNA-LNP platform. Under the MOU, the two companies will explore opportunities to combine their respective core technologies to develop in
By Diplomacy Journal Lee Kap-soo SK bioscience has been selected for the Korea Disease Control and Prevention Agency (KDCA)’s Priority Infectious Disease Pandemic Preparedness Rapid R&D Support Program, the company said on May 6. This government-led initiative aims to develop vaccines against avian influenza – identified as a high-risk candidate for the next pandemic. SK bioscience was chosen for its proven technological capabilities as the only domestic company to have commercialized cell-culture-based vaccines for both influenza and COVID-19. Under the program, SK bioscience and KDCA wil
By Diplomacy Journal Lee Kap-soo The Korean-German Chamber of Commerce and Industry (KGCCI, President & CEO Marie Antonia von Schönburg) signed a Memorandum of Understanding (MoU) with NVISIONS (operating Dialogue in the Dark) in Seoul, South Korea on May 7, to strengthen their partnership and advance shared values of inclusion, diversity, and responsible business practices. This partnership marks a significant milestone in KGCCI’s efforts to foster diversity, equity, and inclusion (DEI) through impactful corporate social responsibility (CSR) programs. Originating in Germany, Dialogue in t
By Diplomacy Journal Lee Kap-soo Hanwha Systems will take charge of developing the multi-function radar of LAMD(Low Altitude Missile Defense) often referred to as ‘Korean-style Iron Dome’, the company announced on April 30. Hanwha systems had been selected as the prototype developer for the LAMD multi-function radar, a project led by the Agency for Defense Development (ADD). The contract is valued at KRW 131.5 billion and is scheduled for completion by November 2028. Hanwha systems aims to develop a next-generation radar system that surpasses the capabilities of Israel`s Iron Dome in handling
By Diplomacy Journal Lee Kap-soo “Azerbaijan is intensively investing in advancement of Alat Free Economic Zone. Alat Free Economic Zone with its multiple advantages for the investors is a unique opportunity for Korean companies and investors willing to engage with our region,” said Ambassador Ramin Hasanov of the Republic of Azerbaijan to South Korea on April 30. Delivering welcoming remarks at an event entitled, “Alat Free Economic Zone: unlocking potential for Korean manufacturing companies,” Ambassador Hasanov said, “Its central location and proximity to large production and export centers
By Diplomacy Journal Lee Kap-soo SK bioscience announced on May 1 that the company co-hosted the 2025 Park Mahn Hoon Award with the International Vaccine Institute (IVI), the world’s only international organization devoted to the discovery, development, and delivery of vaccines for global health, at the Four Seasons Hotel in Seoul on April 30. Now in its fourth year, this year’s Park Mahn Hoon Award honored four distinguished recipients: △Prof. Pierre van Dammeand and Dr. Ananda Sankar Bandyopadhyay, recognized for their leadership in vaccine research, including the development of a geneticall
By Diplomacy Journal Lee Kap-soo The Korean-German Chamber of Commerce and Industry has signed a Memorandum of Understanding (MoU) with Seoul Blind Union on April 30 to deepen their cooperation and advance joint corporate social responsibility (CSR) efforts focused on inclusion and support for individuals with visual impairments. The MoU, signed on April 30th, marks a meaningful milestone in KGCCI’s growing social impact agenda and underscores the German business community’s collective commitment to creating a more inclusive and compassionate society in Korea beyond business. This partnership
By Diplomacy Journal Lee Kap-soo Deputy Finance Minister Julapun Amornvivat of Thailand has invited South Korean investors to invest in the Thai government’s sustainable finance initiatives. “I would like to invite South Korean investors to invest in the financial sector in Thailand through the Thai government’s newly unveiled Thailand Financial Hub initiatives,” Mr. Julapun told during the 2025 Ignite Thailand–Korea Business Forum held at the Lotte Hotel Seoul on April 22. Delivering a welcoming speech at the forum, Thai Ambassador to Korea Tanee Sangrat said, “This forum is the first importa
By Diplomacy Journal Kayla Lee The Korean-German Chamber of Commerce and Industry (KGCCI, President & CEO Marie Antonia von Schönburg), hosted the 4th Ausbildung Graduation Ceremony, in collaboration with BMW Group Korea, MAN Truck & Bus Korea, Mercedes-Benz Korea, and Volkswagen Group Korea, at the Grand Hyatt Seoul on April 24, 2025. The Ausbildung program, introduced by KGCCI in Korea, combines 70% practical industry training with 30% theoretical education. Upon successful completion, trainees are awarded an official Ausbildung certificate jointly issued by the Association of German