By John Lee. Iraq's Ministry of Trade has held talks with South Korea's Ambassador to Iraq, Lee Jun-il, on expanding bilateral trade, economic and investment cooperation. According to the Ministry of Trade, the meeting covered the current state of Iraq-South Korea relations and ways to develop them across economic and commercial sectors. Discussions also addressed […]
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. […]
By John Lee. National Investment Commission (NIC) Chairman Haider Mohammed Makkiya met South Korean Ambassador to Iraq Lee Joon-il in Baghdad to discuss expanding bilateral cooperation in investment, trade and economic relations. The talks reviewed investment opportunities across industry, housing, energy and infrastructure, as well as measures to improve the investment environment for South Korean […]
By John Lee. The State Company for Automotive Industry (SCAI), under the Ministry of Industry and Minerals, has completed production of the first batch of 360 single-cabin Kia field vehicles, assembled entirely by Iraqi hands in partnership with Kia Motors of South Korea. The company's Director General, Dana Saadallah Saeed, announced that the vehicles, model […]
By John Lee. The Council of Ministers has approved measures related to water infrastructure in Basra and contract execution for the first phase of the Grand Faw Port project. The cabinet reviewed the Al-Baradhiya water project in Basra and approved the establishment of modular water treatment stations on the Shatt al-Arab to secure drinking water […]
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. Caregen, a pharmaceutical company from South Korea, has announced the expansion of its oral GLP-1 product Korglutide into Iraq through a new partnership with Filagen, a medical and aesthetic products distributor in the country. The move follows recent market entries across the region, including Lebanon, the United Arab Emirates and Iran, reflecting […]
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 […]
