INTERVIEW: World-OKTA committed to empowering Korean businesses to go global SEOUL, February 23 (AJP) - World-OKTA (World Federation of Overseas Korean Traders Associations) plays a pivotal role in connecting South Korean entrepreneurs worldwide and supporting the global expansion of small and medium-sized enterprises (SMEs). Established in 1981 by South Korean entrepreneurs working abroad to promote exports and economic growth, the organization now operates in 151 cities across 71 countries. With approximately 7,000 full members and 32,000 associate members, World-OKTA serves as a vital network for overseas Korean entrepreneurs. Park Jong-bum, the chairman of World-OKTA, explained during an interview with AJP on February 21, "Our core mission is to strengthen networking among overseas Korean entrepreneurs, helping Korean SMEs explore global markets and boost exports." World-OKTA is more than just an economic network; it is dedicated to nurturing the next generation of Korean entrepreneurs. Park noted, "As the first generation of Korean entrepreneurs overseas, we faced challenges in adapting to local societies. It is crucial to support the second generation and future leaders so they can participate more seamlessly in economic activities and social advancement." To achieve this, World-OKTA offers educational programs tailored to the next generation of South Korean traders, laying the foundation for them to become global business leaders. A flagship initiative by World-OKTA is the "Korea Business Expo," an essential platform that facilitates international market entry for South Korean SMEs. Held every April and October, the expo brings together SMEs and overseas Korean entrepreneurs for business consultations and networking opportunities. This year, the "2025 Korea Business Expo" will take place in Andong in April and Incheon in October. Park explained, "Through the events in Andong and Incheon, we aim to enhance the competitiveness of Korean SMEs in global markets and maximize export outcomes through effective business consultations with international buyers." The Andong expo in April will feature 250 booths, including 100 companies from North Gyeongsang Province and Andong, along with 150 World-OKTA member companies. "About 250 South Korean SMEs will participate, with around 200 international buyers and over 1,000 businesspeople attending for business consultations," Park said. He added, "We are also planning cultural programs to provide attendees with an opportunity to experience Andong’s traditional culture, creating a unique event that blends economic and cultural elements." In October, the expo will move to Songdo, Incheon, branded as the "2025 Korea Business Expo Incheon." It will offer a wide range of programs and business-matching opportunities for Korean SMEs looking to expand globally. Reflecting on the success of the 2024 Korea Business Expo in Vienna, which generated MOUs worth approximately USD 178 million, Park expressed high expectations, stating, "We anticipate even greater achievements at the upcoming Incheon event." Park concluded, "World-OKTA is a reliable business partner for Korean SMEs looking to expand abroad. We will continue to strengthen the network of overseas Korean entrepreneurs and actively support Korean SMEs in becoming competitive players on the global stage." 2025-02-23 12:56:48

INTERVIEW: Venezuelan envoy stresses now is time to shape next 60 years of relations with South Korea SEOUL, February 18 (AJP) - As Venezuela and South Korea mark the 60th anniversary of their diplomatic ties this year, Venezuelan Chargé d'Affaires Isabel Di Carlo Quero emphasized the importance of reflecting on past achievements and defining a vision for the future of the bilateral relationship. Reflecting on the significance of the anniversary, Di Carlo Quero likened diplomatic relations to human relationships that require renewal and commitment. "This 60th anniversary represents a time for reflection. In any relationship, whether personal or diplomatic, you need to decide how to continue and what the next stage will look like," the envoy said during an interview with AJP on Feb. 13. She noted that both nations have undergone significant changes in recent years, including Venezuela’s economic recovery and South Korea’s evolving political landscape. "It is important that, despite past challenges, we restore communication and determine what we want for the next stage of our relations," she stressed. One area of growing bilateral engagement is sports diplomacy, with Venezuela set to host the Caribbean Baseball League in 2026. Di Carlo Quero revealed that South Korea has expressed interest in being invited to the tournament scheduled to be held in Caracas. "I was fascinated when I heard the news because this would be fantastic for both countries," she said, pointing to the success of previous baseball exchanges, such as Cuba’s participation in a friendly match with South Korea. Economic cooperation is also gaining momentum, particularly in the beauty and cosmetics sector. "Venezuela is a land where beauty is highly appreciated. We have won seven Miss Universe crowns, and there is a strong demand for high-quality cosmetics," the envoy said. "South Korean beauty products have already entered the Venezuelan market, and many K-beauty brands are opening stores in Venezuela. It’s a revolution. People wanting to try new products and cosmetics have become a major investment area." Beyond cosmetics, Venezuela is looking to attract more business investments. Di Carlo Quero highlighted an upcoming "Expo Metal" event in March, which will showcase the country's mineral resources to potential international investors, including South Korea. "All the major Venezuelan companies in this sector will participate, opening up opportunities for business partnerships," she explained. "South Korea is already working with India on similar initiatives, so why not Venezuela? There is a space for competition and cooperation." Di Carlo Quero emphasized that Venezuela and South Korea share strong artistic and cultural ties, pointing to past collaborations such as last year’s musical exchange program in Seoul. "We worked with the community center in Seongbuk, near Seoul, and brought a Venezuelan conductor, Freddy Silva, to teach and conduct the 'Orchestra of Dreams,' a project inspired by El Sistema," she said. The month-and-a-half-long initiative involved collaboration with South Korean conductor Moon Jin-tak, creating a meaningful experience for young musicians. "It was a beautiful experience," she recalled. "The musicians had the chance to learn from a conductor with a different language and style, which broadened their perspectives. At the end-of-year concert, they performed both Venezuelan and Korean pieces, showcasing the richness of cultural exchange." Di Carlo Quero said that economic and cultural exchanges ultimately serve a greater purpose -- improving people’s lives. "At the end of the day, what do we want? We want our people to live well, to have security, good nutrition, and opportunities to be happy," she said. "As President Maduro said, ‘I will make a decree for the joy of the people.’ Because that’s what matters most, ensuring that people can live with dignity and happiness." As Venezuela and South Korea move forward, Di Carlo Quero sees this milestone as a turning point to shape the next chapter of bilateral relations. "We are not on the same team such as BRICS or other regional or economic groups, but we are not enemies either," she said. "This is the moment to find ways to understand each other, to cooperate, and to build a future together." 2025-02-18 15:55:47

CES Insight & Innovation Awards honor top Korean innovators SEOUL, February 12 (AJP) - The 2025 CES Insight & Innovation Awards recognized leading Korean companies that have demonstrated technological excellence and global competitiveness at CES 2025. Hosted by Aju News Corporation and its English-language news agency AJP, the event took place at the Korea Press Center in Seoul, celebrating businesses that are driving innovation across industries. This year’s awardees include Koo Ja-kwan, chairman of Samkoo INC, recognized for his leadership in industrial innovation, and Kim Byung-hyun, president of Soosan Heavy Industries. Also honored were Kim Min-jong, vice president of Saltlux, Lee Jung-soo, CEO of Flitto, and Choi Hong-jun, vice president of Upstage, all of whom have played key roles in advancing AI, language technology, and digital transformation. The award winners were selected based on their contributions to artificial intelligence, smart mobility, industrial automation, and digital solutions, aligning with emerging trends in global technology. Many of the honored companies gained significant attention at CES 2025, showcasing pioneering solutions that have positioned them as key players in the international market. The event also featured a CES 2025 Debriefing session, where industry leaders and experts analyzed the latest technology trends and their implications for Korean businesses seeking global expansion. “The CES Insight & Innovation Awards were established to recognize and celebrate Korean companies making a difference in the global market," a representative from Aju News Corporation said. "These awardees represent the future of innovation, and we are proud to highlight their achievements on this international stage.” The event was supported by the Ministry of SMEs and Startups, the INNOBIZ Association, and the Seoul Economic Promotion Agency, serving as a platform for Korean enterprises to enhance their international visibility and competitiveness. 2025-02-12 16:24:33

CES Insight & Innovation Awards highlights Korea's global tech competitiveness SEOUL, February 12 (AJP) - The 2025 CES Insight & Innovation Awards, an event recognizing outstanding South Korean companies making a mark in the global market, took place on Wednesday at the Korea Press Center in Seoul. Hosted by Aju News Corporation and its English-language news agency AJP, the event aimed to shed light on innovative Korean businesses and provide insights into the latest technology trends showcased at CES 2025. The awards ceremony was accompanied by the CES 2025 Debriefing, a panel discussion featuring industry experts analyzing the future of technology and industry shifts. The panel included Joo Young-sup, distinguished professor at Seoul National University’s Graduate School of Engineering Practice and former administrator of the Small and Medium Business Administration, Koo Yoon-cheol, distinguished professor of economics at Seoul National University and former minister of Government Policy Coordination, Kim Hong-seok, executive director of strategic management at the INNOBIZ Association, Kim Hyun-woo, CEO of the Seoul Economic Promotion Agency, Lee Kyung-joon, professor at Kyung Hee University’s College of Business Administration, and Choi Choong-hwan, Aju News Corporation’s Silicon Valley bureau chief. During the discussion, panelists delved into key technological advancements from CES 2025, providing a comprehensive analysis of how these innovations are shaping the global landscape. They also explored strategies for Korean companies to strengthen their competitiveness and adapt to emerging industry trends. The awards celebrated companies that demonstrated outstanding innovation and market potential, with a focus on those recognized for their cutting-edge technologies at CES 2025. “In an era of rapid technological shifts, it is crucial for Korean companies to align with global trends and develop sustainable growth strategies. This event serves as a platform to recognize innovation and inspire businesses to take bold steps in the international market,” said an official from Aju News Corporation. The 2025 CES Insight & Innovation Awards was supported by the Ministry of SMEs and Startups, the INNOBIZ Association, and the Seoul Economic Promotion Agency, serving as a key networking and knowledge-sharing platform for industry leaders and entrepreneurs looking to expand their global footprint. 2025-02-12 16:24:20

Iran commemorates 46th anniversary of Islamic Revolution with diplomatic event in Seoul SEOUL, February 11 (AJP) - The Embassy of the Islamic Republic of Iran in South Korea held a commemorative event Monday marking the 46th anniversary of the Islamic Revolution of Iran. The gathering took place at the Ambassador Seoul Pullman Hotel and was attended by approximately 200 guests, including foreign diplomats, entrepreneurs, scholars, media officials, and South Korean government representatives. The Islamic Revolution, which culminated in February 1979, led to the overthrow of the Pahlavi monarchy and the establishment of the Islamic Republic of Iran. The annual commemoration celebrates the country's independence, sovereignty, and guiding principles, with events held both domestically and internationally. H.E. Saeed Koozechi, the Ambassador of the Islamic Republic of Iran to South Korea, welcomed the attendees and delivered an opening speech. He emphasized Iran’s commitment to promoting peace and stability in the region through dialogue and cooperation. "The Islamic Republic of Iran continues to advocate and work for peace and stability in the region on the basis of its principled and responsible stance that entails dialogue and cooperation among the countries of the region," The envoy said. The ambassador highlighted Iran’s growing engagement with international organizations such as BRICS, the Shanghai Cooperation Organization (SCO), the Economic Cooperation Organization (ECO), and the D-8 Organization for Economic Cooperation, as part of Iran’s dynamic foreign policy aimed at fostering regional prosperity. "In the light of a proactive, effective and dynamic foreign policy, Iran has expanded its multilateral interactions with regional organizations such as BRICS, SCO, ECO and D-8 as we seek a stronger and prosperous region for all," he noted. Addressing bilateral ties, Ambassador Koozechi underscored the longstanding friendship between Iran and South Korea, which he described as a foundation for future cooperation across various sectors. "The Islamic Republic of Iran and the Republic of Korea have always maintained friendly and constructive relations," he said. "The long lasting historical, cultural and economic ties between the two countries have maintained a suitable platform for further expansion of cooperation and interactions in various fields," Koozechi added. He expressed optimism that stronger bilateral relations would contribute not only to mutual benefit but also to broader peace and prosperity. "We firmly believe that expansion of bilateral relations will not only be beneficial for both countries but also contribute to enhancing regional and global peace, stability, and prosperity." 2025-02-11 10:05:27

New Zealand embassy in Seoul celebrates Waitangi Day SEOUL, February 07 (AJP) - The New Zealand embassy in the Republic of Korea celebrated Waitangi Day, the country's national day, on Thursday at the ambassador's residence in Yongsan District. More than one hundred guests attended the event, including foreign diplomats, businesspeople, and professionals from various sectors. Waitangi Day, celebrated on February 6, commemorates the signing of the Treaty of Waitangi in 1840 between the British Crown and Māori chiefs, marking the founding partnership of New Zealand. Dawn Bennet, the New Zealand Ambassador to the Republic of Korea, welcomed guests with the Māori proverb "Whiria te tāngata," which means "weave the people together." She explained that Waitangi Day serves as an example of what diplomacy can achieve, noting that the treaty established British governance in New Zealand while committing to give the native Māori equal status and recognizing their rights. "I see this as an example of people from different cultures seeking to understand each other and to become partners through communication and agreement, and that is the very essence of diplomacy," Bennet said. The relationship between New Zealand and South Korea dates back to the early 1950s, when Kiwi soldiers were deployed to the Korean Peninsula during the Korean War (1950–1953). Over the decades, the two countries have developed a strong friendship, culminating in a Free Trade Agreement (FTA) signed ten years ago. In 2024, the two countries agreed to advance discussions on a Comprehensive Strategic Partnership. "It is a relationship which will continue to be close in the long term, enduring through any challenges that come our way, and our relationship will endure because it is built on the important connecting factors of people, prosperity, values, and culture. These are all strands in the tapestry that we are weaving between our two countries," Bennet said. 2025-02-07 15:12:47