South Korea
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South Korea Korea Aerospace Administration to be established in Sacheon in May
UNJournal Jon Lee | The Korea Space Administration Act, which has been called the "Korean version of NASA," has passed the plenary session of the National Assembly. At the plenary session of the National Assembly on Jan. 9, the 'Special Act on the Establishment and Operation of the Korea Aerospace Administration' (KAIA Act) was passed with 263 votes in favor, 0 against, and 3 abstentions out of the 266 lawmakers present. The enactment of the Act follows President Yoon Suk-yeol's pledge to establish a national control tower to lead space development. The bill establishes the agency under the Mi
- Jon Lee 기자
- 2024-01-09 16:17
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South Korea 24-story Chinese cruise ship arrives in Jeju
UNJournal Jon Lee | The Adora Magic City, a 130,000-ton cruise ship built by China, arrived in Jeju for the first time on Dec. 28, 2023. The number of international cruise ships to and from Jeju in 2024, including this one, is expected to more than double after visiting Gangjeong Village about 80 times in 2023, raising expectations in the tourism industry. At around 11:30 a.m. on this day, Jeju Complex Tourism Port in Gangjeong-dong, Seogwipo City, was bustling with 2,600 passengers on the Adora Magic City, which arrived in Jeju from Shanghai, China, via Kagoshima, Japan. The passengers were i
- Jon Lee 기자
- 2024-01-05 15:08
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South Korea Ex-Chungbuk Police Chief Chung Yong-geun declares waiver of parliamentary immunity
UNJournal Jon Lee | Former Chungbuk National Police Chief Chung Yong-geun (58), who is running for the 22nd general election for the People Power Party in Chungju, announced on Jan. 2 that he will give up the privilege of non-arrest of lawmakers. Chung said, "There are many privileges of lawmakers in Korea, and I will give them all up. I know better than anyone else the aspirations of citizens for a new politics." In a written pledge, Chung said, "I pledge before the people that if I am elected as a member of the National Assembly of the Republic of Korea and a motion to arrest me is submitted
- Jon Lee 기자
- 2024-01-05 14:24
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South Korea Ilhwa Co. to export 200,000 cans of ‘Mc Col' to South Africa
UNJournal Jon Lee | Ilhwa Co. announced on Dec. 29 that it has signed a supply contract to export its barley carbonated beverage 'Mc Col' to South Africa. By signing a supply agreement with Trilion Cart, a local network group with many large affiliates in South Africa, Ilhwa will officially introduce Mc Col to the African market. The supply agreement totals 200,000 cans. Mc Col is Korea's leading longevity brand, launched in 1982. It is characterized by its cool and refreshing barley flavor. It has rich nutritional ingredients such as vitamins B1, B2, and vitamin C. It is currently exported to
- Jon Lee 기자
- 2024-01-03 18:20
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South Korea Seoul Tourism Organization launches Season 2 of Seoul Light Lantern Festival
UNJournal By Kayla Lee | Seoul Tourism Organization (STO), led by CEO Gil Ki-yeon, has reorganized the Seoul Lantern Festival & Gwanghwamun Square Market into Season 2 for the New Year 2024. Season 2 will run from January 1 to 21. First of all, the Seoul Lantern Festival will add a media show for the New Year and conduct various experience programs. A projection mapping content 'New Year Media Show' will be held from 9:50 p.m. to 10 p.m. every day until the 21st in the White Hall, a 360-degree sphere representing the universe, wholeness, and earth. Various videos symbolizing the city, peop
- Jon Lee 기자
- 2024-01-03 18:18
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South Korea Nicky Seet to head Singapore Tourism Board's Korea office
UNJournal Jon Lee | Singapore Tourism Board (STB) announced the appointment of Nicky Seet as the new head of its Korea office on Dec. 20. Nicky Seet will continue to lead strategic planning, marketing and promotional activities to make Singapore an attractive destination for Koreans, in line with the launch of Singapore Tourism Board's new global campaign, 'Made in Singapore'. She joined Singapore Tourism Board in 2015 as Senior Manager, Lifestyle Area Development, where she spearheaded the regeneration of Singapore's Orchard Road and supported various community activities. Orchard Road has re
- Jon Lee 기자
- 2024-01-02 16:42
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South Korea LG Chem holds the groundbreaking ceremony for its cathode plant in U.S.
UNJournal Jon Lee | LG Chem has commenced the construction of a cathode plant in the U.S., intending to establish a production hub for the global battery material market. The facility, located in Montgomery County, Clarksville, Tennessee, will locally produce cathode materials optimized for North American electric vehicles (EVs) and collaborate with key partners from development to supply chain. On December 20, LG Chem held the groundbreaking ceremony for its cathode plant in Tennessee. The event was attended by guests including Tennessee Governor Bill Lee, Commissioner Stuart McWhorter, Senat
- Jon Lee 기자
- 2024-01-02 16:40
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South Korea Korea and Gulf Cooperation Council conclude FTA deal
UNJournal Jon Lee | Minister for Trade Dukgeun Ahn and Gulf Cooperation Council (GCC) Secretary General Jassim Mohammed Al-Budaiwi concluded and signed the joint statement for the Korea-GCC Free Trade Agreement (FTA) on December 28 in Seoul. The Korea-GCC FTA is Korea’s 25th FTA (by concluded order), and the second FTA with an Arab country following the Korea-United Arab Emirates (UAE) Comprehensive Economic Partnership Agreement (CEPA) concluded in October. Trade Minister Ahn assessed, “Alongside the CEPA concluded with the UAE in October, this FTA signed with GCC is a major catalyst for the
- Jon Lee 기자
- 2024-01-02 11:41
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South Korea President Yoon to prioritize people's livelihood and economy in 2024
UNJournal Jon Lee | Delivering the New Year address to the nation, President Yoon Suk-yeol said on Jan. 1, 2024, "The center of all national affairs is the people. I will make the year of 2024 a year of civil recovery where the warmth of economic achievements and economic recovery reaches every corner of people's lives." President Yoon said in his address, which was broadcast live from the Yongsan presidential office on the morning of the same day, "I will go into the field of people's lives, listen to even the smallest voices, and promote true people's policies that change people's lives." Pr
- Jon Lee 기자
- 2024-01-01 21:28
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South Korea "I will do my best to innovate organizational culture of KSPO”
UNJournal Jon Lee | (Exclusive Interview) "In the upcoming year of 2024, I will do my best to build a predictable audit environment and encourage active management to innovate the organizational culture of KSPO," said Ha Hyung-joo, the standing auditor of Korea Sports Promotion Foundation (KSPO), on Dec. 28. In an exclusive interview with Diplomacy Jopurnal, Ha said, "It has been five months since I was appointed as the standing auditor of the KSPO, and I have improved my understanding of the KSPO's business through reports from each business unit, and I have set the audit philosophy and direc
- Jon Lee 기자
- 2023-12-29 14:07
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South Korea 'Collapse Incident'-plagued GS E&C sees its credit rating fall from A+ to A
UNJournal Jon Lee | GS E&C (Engineering & Construction) is still reeling from the aftermath of the 'Incheon Geomdan Apartment collapse incident'. The company's financial health has been put on red alert as the cost burden of rebuilding the entire complex has increased, and profitability has declined due to the downturn in the housing market and rising cost rates. According to the industry sources, GS E&C's growing debt and deteriorating financial strength are weighing on its creditworthiness. Korea Ratings recently downgraded GS E&C's unsecured bond rating to 'A/stable' from 'A
- Jon Lee 기자
- 2023-12-27 19:34
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South Korea Hyundai Motor, Mubadala sign MOU to collaborate on future business
UNJournal Jon Lee | Hyundai Motor Company and Mubadala Investment Company “Mubadala”, an Abu Dhabi-based global sovereign investor, have signed a memorandum of understanding (MOU) to jointly explore potential business opportunities and synergies for future mobility and technologies. The signing ceremony, which took place on Dec. 15 in Abu Dhabi, was attended by Jaehoon Chang, President and CEO of Hyundai Motor Company, and Waleed Al Mokarrab Al Muhairi, Deputy Group Chief Executive Officer of Mubadala Investment Company. This marks the beginning of a strategic collaboration that will drive pro
- Jon Lee 기자
- 2023-12-26 15:17
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South Korea Switzerland, Korea to be non-permanent UN Security Council members in 2024
UNJournal Jon Lee (New Year Message) Dear readers of the Diplomacy Journal, I wish all readers of Diplomacy Journal all the best in the coming year 2024. The year 2023 was a very special year for us as it marked the 60th anniversary of diplomatic relations between the Republic of Korea and Switzerland. It was also the 70th anniversary of Switzerland's presence on the Korean Peninsula as a member of the Neutral Nations Supervisory Commission. Over the past six decades, our two countries have cultivated a solid partnership in politics, economics, science, technology, business, art and design. On
- Jon Lee 기자
- 2023-12-26 15:09
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South Korea Korea’s No. 1 salesman, President Yoon Suk-yeol strives to create a new nation
By Lee Jon-young, Publisher-Chairman of Diplomacy Journal President Yoon Suk-yeol's government has about 120 national tasks. Under the national vision of "Korea again, a country of new people," the Yoon administration has been going all-out to achieve six big national goals with the attitude of Korea’s No. 1 salesman. However, the government is facing serious difficulties due to stiff opposition from the giant opposition party and is under some pressure to fulfill the national tasks. However, the Yoon administration has been actively earning foreign currency for its goals by holding a series o
- Jon Lee 기자
- 2023-12-21 11:47
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South Korea Kazakh Amb. Nurgali Arystanov meets with Foreign Deputy Minister Chung Byung-won
UNJournal Jon Lee Ambassador of Kazakhstan Nurgali Arystanov held a meeting with Deputy Minister of Foreign Affairs for Political Affairs of Korea Chung Byung-won, during which the parties compared notes on the agenda of Kazakh-Korean cooperation, on Dec. 14. During the meeting, special attention was paid to the schedule of upcoming bilateral events, interaction within the framework of multilateral structures, including the CICA and the Central Asia - Republic of Korea format. In the context of further enhancing trade and economic cooperation in promising areas such as energy, technology trans
- Jon Lee 기자
- 2023-12-20 13:05
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Registration Date: Reissued on Sept. 18, 2023
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Editor in Chief: Lee Jon-young/ Vice Chairman: Chung Bo-won/Standing Advisor Lee Keon-chan | Senior Editorial Writer Ko Jae-hwe/ Cultural Editor Lee Joon-seok/ Political Editor: Kayla Lee
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UPDATE: 2026년 04월 10일 18시 49분