The latest Korea – Iraq Business News – housing, construction, company Kogas, & more – brought to you by Iraq Business News
By John Lee. A $10 million initiative to support the sustainable resettlement of internally displaced persons, returnees and displacement-affected communities has been launched across Anbar, Kirkuk, Ninewa and Salah al-Din. The programme is funded by the Government of the Republic of Korea through the Korea International Cooperation Agency (KOICA) and implemented by United Nations Development […]
By John Lee. Progress on the Bismayah housing project and outstanding funding issues were discussed at a meeting between Iraq's National Investment Commission (NIC) and representatives of South Korea's Hanwha. NIC Chairman Adel Dakhil Muhammad al-Yasiri received Hanwha's project representative, Yong Jae Park, along with his delegation on Wednesday. Al-Yasiri stated that he was fully […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Amid war over its skies, Baghdad plays the field for new fighter jets Iraq has in recent years found itself in the middle of several bouts of Israeli-US wars with Iran, with its […]
By John Lee. Nasiriyah Heart Hospital received a Korean medical delegation as part of a new phase of the Iraq-Korea joint cooperation project. The project is funded through a grant from KOICA [Korea International Cooperation Agency] for the Establishment of the Korea-Iraq Specialized Hospital for Children with Heart Disease (2020-2030 / USD 27.93 million). A […]
By John Lee. South Korea's Hyundai Livart has reportedly won a contract worth KRW 117.8 billion [$80 million] to build worker accommodation, offices and other infrastructure at Iraq's Common Seawater Supply Project (CSSP) in Basra. According to Maeil Business Newspaper, Hyundai Livart secured the contract through a competitive bidding process against several Middle Eastern construction firms. […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Could South Korea become Iraq's leading arms supplier? In a significant boost to Iraq's ground-based air defenses, Baghdad expects to receive South Korean M-SAM-II missile systems, also known as KM-SAM, early next year. […]
By John Lee. The Korea International Cooperation Agency (KOICA) and the KOICA Alumni Association in Iraq (KAAI) held their 2025 Annual General Assembly in Baghdad on 16 October to celebrate the graduation of a new group of Iraqi trainees who completed KOICA's development programmes. The event was attended by H.E. Lee Jun-il, Ambassador of the […]
By John Lee. TotalEnergies, in partnership with Basra Oil Company (30%) and QatarEnergy (25%), has signed the final contracts of the Gas Growth Integrated Project (GGIP) at the Ratawi [Artawi] field in Basra, under the patronage of Prime Minister Mohammed Shia al-Sudani. The agreements include: a joint operating contract between the Ministry of Oil, Basra […]
The Korea International Cooperation Agency (KOICA) has successfully organized the Iraq Knowledge Sharing Conference 2025 at the Ministry of Planning in Baghdad, with the participation of Iraqi government representatives, experts, and alumni of training programs in Korea. The conference aimed to strengthen the exchange of expertise and knowledge gained in Korea and apply it to […]
By John Lee. South Korea's Hyundai Everdigm has signed a contract for the provision of various firefighting and rescue vehicles, spare parts, and training services to Iraq's Ministry of Interior. The contract, valued at 135,280,288,000 KRW [$97 million], represents 38.09% of the company's most recent annual revenue of 355,118,376,929 KRW [$256 million]. It is set […]
By Kim Ji-hwan, for ChosunBiz. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Hanwha and LIG Nex1 struggle for control in Iraq missile export negotiations Industry rivalry hinders progress on missile sale to Iraq as firms seek dominance. The full article can be viewed […]
By John Lee. Lieutenant General Mazin Abdulwahid Kbian, Commander of the Iraqi Navy, oversaw the delivery of three patrol boats from ENM Korea during a visit to Umm Qasr Naval Base on 25th January 2025. According to a statement from the Iraqi Ministry of Defense, these high-specification vessels, equipped with advanced surveillance and communication systems, […]
