By Jon Lee Prime Minister Han Duck-soo, who is attending the Davos Forum in Davos, Switzerland, attended three forum sessions on Jan. 17, including one on Pacific regional cooperation. He also held bilateral meetings with the prime ministers of Mongolia and Slovakia, and met with representatives of global companies including Coca-Cola and Amazon Web Services. The Prime Minister attended the "Leading the Pacific" session, where he discussed with participants how to achieve inclusive and sustainable growth in the Pacific region. During the session, Prime Minister Han emphasized the growing strat
By Lee Jon Young Hanwha Life President and CGO Kim Dong-won attended the Davos Forum in Switzerland from January 15 to 19, and had a time of active exchange and cooperation with global financial industry leaders. Hanwha Life's global field management is aimed at expanding its activities beyond the limits of the domestic insurance market, where growth has stagnated due to market saturation and an aging population. President Kim, who visited Davos for the second year in a row, held more than 10 business meetings and focused on finding the direction of Hanwha's global strategy and exploring ways
By Lee Sung Jun 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 recent
By Kim Ji-eun 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, Senator Mar
By Lee Kap-soo 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." Preside
By Lee Jon Young 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+/n
By Kayla Lee (New Year Message) Dear readers of the Diplomacy Journal, At the beginning of my duties at the Venezuelan Embassy in Seoul, in September 2023, the Diplomacy Journal was one of my first windows to learn about the dynamics of diplomacy in the Republic of Korea, important reason to thank you for this opportunity given to send a message about my country, the Bolivarian Republic of Venezuela, and our wishes for a great year ahead of us 2024. I come from a country that is almost 15 thousand kilometers of distance from Seoul, with thons of optimism to take advantage of this physical dist
By Kayla Lee Pope Francis called for the end of military operations in Gaza and the release of Israelis being held hostage in the area in his annual Christmas message. In his annual Christmas Day “Urbi et Orbi” mass at the Vatican, Pope Francis called for an end “to war, to every war, to the very mindset of war, an aimless voyage, a defeat without victors, an inexcusable folly.” May peace “come in Israel and Palestine, where war is devastating the lives of those peoples,” he said. “My heart grieves for the victims of the abominable attack of October 7 last, and I reiterate my urgent appeal for
By Kayla Lee (New Year Message) Dear readers of the Diplomacy Journal, I would like to extend warmest congratulations to all the readers of Diplomacy Journal on the New Year 2024 and express my sincere gratitude for your crucial support and assistance in strengthening multifaceted relations between the Republic of Kazakhstan and the Republic of Korea. The past year has been very eventful and fruitful for the enhanced strategic partnership between the two countries. In 2023, regular meetings took place between the leaderships of the two countries, including between Presidents Kassym-Jomart Toka
By Kayla Lee (New Year Message) Dear readers of the Diplomacy Journal, It is indeed a privilege to serve as the Turkish Ambassador in this beautiful country, with whom we describe our relations as “blood brothers”. Me and my family have been filled with joy for the warm reception and enduring friendships that have blossomed throughout the past year. In spirit of unity, friendship, fraternity and collaboration, I look forward to the coming year as an opportunity to further strengthen the bonds between Türkiye and the Republic of Korea. Our two great nations have a rich historical and cultural t
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