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Eclipse Automation awarded a series of contracts supporting global nuclear refurbishments in Romania and China

CAMBRIDGE, Ontario, June 11, 2025 (Korea Bizwire) – Eclipse Automation, part of Accenture, recently signed multiple contracts related to the design, manufacture and supply of Automated Tooling and Equipment in support of the upcoming CANDU® nuclear reactor refurbishment projects at Cernavoda, Romania and Qinshan, China. The contracts have a diverse scope that includes the design, manufacture [...]

President Lee Pledges Reforms to Boost Dividends and Restore Trust in Korean Stock Market

SEOUL, June 11 (Korea Bizwire) — President Lee Jae-myung on Wednesday unveiled a sweeping vision to revitalize South Korea’s capital markets by promoting dividend-friendly policies, cracking down on unfair trading practices, and positioning equities as a viable alternative to real estate for household investment. Speaking at a roundtable held at the Korea Exchange’s Market Surveillance Committee [...]

South Korea’s Largest Tech Expo ‘Smart Tech Korea 2025’ Opens in Seoul, Spotlighting AI and Quantum Breakthroughs

SEOUL, June 11 (Korea Bizwire) — The nation’s largest tech business exhibition, Smart Tech Korea 2025, opened Tuesday at COEX in Seoul, bringing together cutting-edge innovations from around the globe under the themes of “Bold Technological Innovation” and “Shaping the Future.” The event runs through June 13. Now in its 14th year, the expo features [...]

Seoul Eyes Fee Cap on Delivery Apps, Igniting Tensions Across Industry

SEOUL, June 11 (Korea Bizwire) – South Korea’s major food delivery platforms are under renewed pressure as the Lee Jae-myung administration accelerates discussions on implementing a cap on delivery-related fees — a key campaign pledge aimed at promoting fairer economic practices. At the center of the debate is a proposal from Baemin (operated by Woowa [...]

Korean Exports Rebound in June’s First 10 Days, Fueled by Chips and Autos

SEOUL, June 11 (Korea Bizwire) — South Korea’s exports went up 5.4 percent from a year earlier in the first 10 days of this month driven by robust demand for semiconductors and automobiles, data showed Wednesday. Outbound shipments reached US$15.47 billion in the June 1-10 period, compared with $14.68 billion tallied a year earlier, according [...]

Samsung SDI Expands European Footprint With Tesvolt Battery Supply Deal

SEOUL, June 11 (Korea Bizwire) — Samsung SDI Co., South Korea’s second-largest battery maker, said Wednesday it has signed a battery supply deal with German energy storage system (ESS) provider Tesvolt AG. Under the agreement, Samsung SDI will deliver its Samsung Battery Box (SBB) products to Tesvolt by the end of this month. Tesvolt will [...]

Cumulative Voting Rare Among Top KOSPI Firms Despite Governance Push

SEOUL, June 11 (Korea Bizwire) — Only six percent of 171 listed companies on South Korea’s main stock exchange have adopted cumulative voting, a system aimed at enhancing shareholder rights, according to a report released Wednesday by a local research institute. Happy ESG, a corporate governance research group, analyzed the governance structures of 171 companies [...]

S. Korea Fines Chinese E-Commerce Platform Temu over Deceptive Promotions

SEOUL, June 11 (Korea Bizwire) — South Korea’s antitrust watchdog said Wednesday it has fined Temu for misleading South Korean consumers through deceptive promotional campaigns, marking the first regulatory sanction imposed on the Chinese e-commerce platform by the agency. The Fair Trade Commission (FTC) said it has imposed a fine of 357 million won (US$260,000) [...]

From Snacks to Skin Art: CU Convenience Stores Launch Korea’s First “Tattoo Kiosk”

SEOUL, June 11 (Korea Bizwire) — In a country where convenience stores have become cultural fixtures — offering everything from late-night ramen to phone charging stations — BGF Retail, the operator of CU, is taking things one step further: temporary tattoos. On Wednesday, BGF Retail unveiled what it’s calling the industry’s first “tattoo kiosk,” [...]

Foreign Investors Fuel Korean Stock Market Rally, Pushing Toward KOSPI 3,000

Seoul, June 10 (Korea Bizwire) — Foreign investors have poured nearly 4 trillion won into South Korea’s stock markets so far this month, igniting fresh optimism that the benchmark KOSPI index could break through the symbolic 3,000-point barrier in the coming weeks. According to financial data provider Yonhap Infomax, foreign investors have recorded net purchases of [...]