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CGTN: China, U.S. reach principled consensus after in-depth, candid trade talks

CGTN: China, U.S. reach principled consensus after in-depth, candid trade talks

BEIJING, June 11, 2025 (Korea Bizwire) – Following the conclusion of the first meeting of the China-U.S. economic and trade consultation mechanism in London, CGTN published an article summarizing the key outcomes and progress achieved. The article underscores China’s commitment to dialogue based on equality and mutual benefit, emphasizes the importance of cooperation over confrontation, and [...]

Denodo Achieves Snowflake Financial Services Competency, Strengthening Support for Industry Innovation and Data Governance

Denodo Achieves Snowflake Financial Services Competency, Strengthening Support for Industry Innovation and Data Governance

Highly regulated finance companies can be assured of secure, scalable, and compliant data integration for strategic data needs PALO ALTO, Calif., June 11, 2025 (Korea Bizwire) – Denodo, a leader in data management, announced that it has achieved the Snowflake Financial Services Competency, recognizing its ability to help financial services organizations meet their unique data management, regulatory, [...]

Unipart secures three-year contract with Scania in China

Unipart secures three-year contract with Scania in China

OXFORD, United Kingdom, June 11, 2025 (Korea Bizwire) – Unipart, the supply chain performance improvement partner, has secured a three-year contract with Scania for its aftermarket logistics in China, managed from a newly launched site in Kunshan. The new operation will deliver a comprehensive scope of aftermarket logistics services. This site is poised for significant [...]

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

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

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

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 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

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

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

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 [...]