The Government of Alberta has signed a major memorandum of understanding with South Korea’s Hanwha Group. This partnership aims to expand energy exports and industrial growth between the two regions. By aligning Alberta’s vast natural resources with Hanwha’s technical expertise, the deal supports Canada’s Indo-Pacific Strategy. It focuses on crude oil, hydrogen and long term defence infrastructure to strengthen economic security and trade.
South Korea's KIND has signed a strategic partnership with Indonesia's new $900 billion sovereign wealth fund, Danantara. The agreement covers comprehensive cooperation in transportation, renewable energy and urban development. Beyond domestic projects like Jakarta data centres, the two nations plan to pursue joint infrastructure opportunities in ASEAN markets and Saudi Arabia, leveraging Korean technological expertise and Indonesian capital.
Incheon International Airport Corporation and UPS have officially opened the expanded Express Logistics Center following a 30 billion won investment. The project increases import cargo capacity from 27,000 tons to 190,000 tons per year. This development secures a more stable national supply chain and reinforces Incheon Airport as a leading logistics hub in Northeast Asia despite ongoing global supply chain volatility and regional instability in the Middle East.
Sun PhuQuoc Airways has partnered with Pacific Air Agency to launch direct flights between South Korea and Phu Quoc. A daily service from Seoul starts on 17 April 2026, followed by a Busan route in June. The airline aims to capture a growing market that saw over 4.3 million Korean visitors to Vietnam in 2025. Passengers will benefit from significant discounts within the Sun Group ecosystem.
Hyundai Engineering & Construction is expanding its European footprint through nuclear partnerships in Finland, Sweden and the Netherlands. Collaborating with Westinghouse and Holtec International, the firm is facilitating large-scale reactors and next-generation Small Modular Reactors. These initiatives align with a regional shift toward fossil fuel-free energy, marked by a successful Helsinki symposium and a new technology agreement with Dutch firm Thorizon for molten salt reactors.
HS Hwaseong has won its first African infrastructure contract to build a 10.5km Bus Rapid Transit system in Nairobi. The 78.4 billion won project includes 13 stations and five bridges. Supported by South Korean development funds, the 24-month build aims to reduce Kenyan traffic congestion. The firm will use its 68 years of experience to implement eco-friendly and smart construction methods in this new market.
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