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  • SeAH Steel Wins Contract to Supply Pipes for UK Government-Led CCUS Project
    SeAH Steel Wins Contract to Supply Pipes for UK Government-Led CCUS Project SeAH Steel has secured a contract to supply high-value steel pipes for a carbon capture, utilization, and storage (CCUS) project led by the UK government, marking a significant step in its efforts to penetrate the eco-friendly decarbonization energy infrastructure market. On June 11, SeAH Steel announced that it has been awarded the contract for the Teesside CCUS project, which aims to capture carbon dioxide emitted from power plants and permanently store it deep underwater, contributing to regional decarbonization efforts. The company's steel pipes will play a crucial role in the process of refining and transporting captured carbon dioxide in both gas and liquid forms within low-carbon gas combined cycle power plants and deep-sea storage facilities. SeAH Steel's CCUS pipes meet stringent requirements for maintaining consistent properties under varying temperature and pressure conditions. They are designed to withstand extreme cold at minus 196 degrees Celsius and high-pressure environments found underwater, featuring both low-temperature impact toughness and corrosion resistance. Notably, the company produces large-diameter pipes ranging from 50 to 66 inches in lengths of 12 meters, which is double the length of standard products, minimizing welds and enhancing process stability and quality. The UK government is investing approximately 31 trillion won to establish large-scale carbon capture clusters as part of its commitment to achieving carbon neutrality. SeAH Steel aims to strengthen its position across the global energy transition value chain by securing additional contracts and long-term supply opportunities in line with the expanding global carbon capture market. A representative from SeAH Steel stated, "The adoption of our CCUS pipes in the UK, a leading nation in global decarbonization, is a significant achievement. We will continue to pursue sustainable growth in the energy transition infrastructure market based on our overwhelming quality competitiveness in eco-friendly energy-oriented steel products and synergistic collaboration with our global subsidiaries." Additionally, SeAH Steel Holdings has announced plans to continuously expand product sales by responding to new demands in oil and gas, liquefied natural gas (LNG) projects in the Middle East, and offshore wind projects in the Americas. The company also anticipates a recovery in profitability due to sustained demand for inventory in the North American energy market.* This article has been translated by AI. 2026-06-11 10:15:00
  • Lee arrives in Italy after wrapping up his visit to Belgium
    Lee arrives in Italy after wrapping up his visit to Belgium SEOUL, June 11 (AJP) - President Lee Jae Myung, who is on a trip to Europe, arrived in Italy on Wednesday after wrapping up his itinerary in Belgium. During the second leg of his two-week trip to Europe, he is scheduled to meet Italian President Sergio Mattarella after a welcoming reception. Lee will also hold separate talks later in the week with Prime Minister Giorgia Meloni, whom he met on the sidelines of the U.N. General Assembly in New York in September last year and again during her visit to Seoul in January. On Sunday, Lee will attend mass at St. Peter's Basilica and meet Pope Leo XIV before heading to Évian-les-Bains, France to attend the Group of Seven (G7) summit, to which South Korea has been invited as a partner country. During the first stop of his trip earlier in the week, Lee held talks with King Philippe in Brussels, where he asked Belgium to be a strong supporter of peace on the Korean Peninsula. They highlighted the long-standing friendship, with this year marking the 125th anniversary of diplomatic relations between the two countries. Lee was quoted as saying he was pleased to meet the king for the first time and described him as a "symbol of Belgium's unity." Philippe replied that he has visited South Korea five times and witnessed the country's remarkable development over the years, according to Cheong Wa Dae. Lee also said that this year marks 75 years since Belgian troops first arrived in South Korea's southern port city of Busan to join the Korean War, adding that South Korea will always remember the young Belgian soldiers who "bravely fought" for the country's freedom and peace, and pledged to protect peace and democracy so their sacrifices would not be in vain. 2026-06-11 10:09:48
  • Wahshin Precision Engineering Shares Surge on Boston Dynamics Partnership Hopes
    Wahshin Precision Engineering Shares Surge on Boston Dynamics Partnership Hopes Wahshin Precision Engineering is experiencing strong gains amid expectations of a collaboration with Boston Dynamics. According to the Korea Exchange, as of 10:03 a.m. on June 11, Wahshin's shares rose by 630 won (14.22%) to 5,060 won. Early in the trading session, the stock surged by as much as 29.80%, reaching a high of 5,750 won before pulling back slightly. The surge in stock price is attributed to the potential partnership with Boston Dynamics, a robotics subsidiary of Hyundai Motor Group. A media report indicated that engineers from Boston Dynamics visited Wahshin's headquarters in Yeongcheon, North Gyeongsang Province, on June 5 to explore the possibility of supplying components for humanoid robots. Wahshin Precision Engineering specializes in manufacturing automotive parts and possesses advanced precision machining technology. Market analysts believe that the prospect of participating as a supplier in Boston Dynamics' ongoing humanoid robot development has fueled investor interest. Due to the rapid increase in stock price, the Korea Exchange designated Wahshin as an investment warning stock the previous day. Consequently, investors must pay a 100% margin when purchasing shares, and new purchases through margin trading are restricted. If the stock price continues to rise significantly after the warning designation, trading may be temporarily suspended.* This article has been translated by AI. 2026-06-11 10:09:00
  • New Horror Film Passenger Reveals Behind-the-Scenes Chills
    New Horror Film 'Passenger' Reveals Behind-the-Scenes Chills Director André Øvredal's new film, 'Passenger,' promises a terrifying experience set against the backdrop of a highway road horror. Lotte Entertainment released a behind-the-scenes video titled 'Unending Terror' on June 10, showcasing the making of 'Passenger.' The film follows a young couple who, after witnessing a horrific car accident on a remote highway, find themselves pursued by a mysterious malevolent spirit known as 'the Passenger' after they get back on the road. The newly released video features footage shot on actual roads and in remote forests in Washington. The cast and crew shared their experiences of transforming familiar spaces into settings of unfamiliar terror and recounted strange occurrences during filming. Lead actor Lou Lou Bell stated, "Just the fact that we were filming on real roads was frightening. We had no idea who or what we might encounter." Melissa Leo added, "I’ve been on a few road trips, but nothing this chaotic before." The eerie atmosphere surrounding the filming locations adds to the film's horror. Co-writer Zachary Donohue recalled, "We shot in a remote forest in Washington, and it was genuinely creepy." Staff members revealed that the area was known for being the hunting ground of a notorious American serial killer, contributing to the unsettling ambiance. During filming, there were reports of inexplicable events. Producer Walter Hamada remarked, "There were so many strange occurrences that everyone thought we were haunted." Director André Øvredal noted, "This is not your typical horror film. Many people experienced terrifying events during production." Actor Jacob Scipio mentioned, "In the end, we even asked the producers to bring in a priest to bless the set," hinting at the tension captured in the film. 'Passenger' is generating interest with its theme of 'highway ghosts,' following the 'Roadview Ghost' from 'The Silent Sea.' The film aims to transform the familiar setting of highways into a stage for horror, continuing the trend in the genre this summer. A representative from Lotte Cinema stated, "Since the film deals with fear on highways, a familiar space for everyone, it is sure to chill not only the characters but also those planning road trips this summer. We hope for great anticipation." 'Passenger' is set to be released exclusively at Lotte Cinema on June 24. 2026-06-11 10:03:00
  • LG CNS Partners with LX Pantos to Introduce Humanoid Robots in Logistics Center
    LG CNS Partners with LX Pantos to Introduce Humanoid Robots in Logistics Center LG CNS announced on June 11 that it has signed a business agreement with logistics company LX Pantos to develop a robot-based next-generation smart logistics system. Once implemented, shuttle robots will retrieve items scheduled for shipment from the warehouse, while humanoid robots will receive these items and load them onto automated sorting equipment or other robots. This will create a comprehensive automated process for the entire shipping operation. LG CNS plans to train the robots using LX Pantos' extensive logistics data. The training will utilize LG CNS's proprietary AI robot learning platform, 'Physical Works Poji,' while robot operation and real-time control will be managed through the integrated monitoring platform 'Physical Works Baton.' The robots will include a wheeled humanoid robot from the U.S. robotics company Dexmate, in which LG CNS invested in March, as well as its own developed logistics robot, the 'Mobile Shuttle.' The Mobile Shuttle can move at a speed of 1.5 meters per second between warehouse shelves and can carry up to 1,500 kilograms of goods. Through this collaboration, the two companies aim to reduce the burden of repetitive tasks in logistics operations and create a safer, more stable working environment. To achieve this, they plan to establish a demonstration space called 'TDL Lab' in the second half of this year to validate the logistics automation process, and they will also jointly pursue the commercialization of logistics robots for external clients. Park Sang-kyun, Executive Vice President of LG CNS, stated, "This agreement is a project to demonstrate the applicability of various robots and learning and operation platforms in logistics operations. We will maximize productivity and operational efficiency in logistics with LX Pantos." 2026-06-11 10:03:00
  • Canada Moves to Restrict Social Media Accounts for Children Under 16
    Canada Moves to Restrict Social Media Accounts for Children Under 16 The Canadian government is advancing a bill to restrict social media accounts for children under 16. As major countries like Australia and the United Kingdom implement regulations on youth online activities, Canada is joining the legislative effort. On June 10, local time, Reuters and AFP reported that the Canadian government submitted a digital safety bill to Parliament that prohibits the creation of social media accounts for children under 16. The bill allows exceptions for account creation only if companies can demonstrate that they have sufficient safety measures in place for children. According to Yonhap News, Canadian Minister of Canadian Heritage Mark Miller stated, "We have witnessed the very serious consequences that harmful online content can cause," adding, "We cannot put children's safety on the back burner." The bill also includes regulations for the rapidly increasing use of artificial intelligence (AI) chatbots. Companies will be required to implement measures to reduce the risk of AI chatbots providing harmful content, and they must establish reporting criteria to respond if users show signs of intending to harm themselves or others. The push for AI chatbot regulation in Canada follows a mass shooting incident in February in Tumblerridge, British Columbia. According to reports, the suspect entered multiple scenarios related to gun violence into ChatGPT before the attack, raising concerns that OpenAI did not alert authorities. In the aftermath, the families of the victims have filed a lawsuit against OpenAI, demanding improvements to safety management systems. Canadian government officials estimate that it could take up to a year for the bill to pass through Parliament, and the establishment of a digital regulatory agency to enforce the law may take about 18 months. The movement to limit youth access to social media is spreading globally. Australia implemented the world's first law restricting social media account access for those under 16 in December of last year, while over ten European countries, including the UK, France, Austria, Denmark, and Greece, are considering setting the minimum age for social media use between 13 and 16.* This article has been translated by AI. 2026-06-11 10:00:00
  • KKR Expects Korea Discount to Ease with Corporate Reforms
    KKR Expects Korea Discount to Ease with Corporate Reforms Global investment firm KKR has noted that improvements in corporate governance and increased shareholder returns among South Korean companies are contributing to a potential easing of the 'Korea discount,' positively assessing the possibility of further revaluation in the Korean stock market. In its report titled "The Divergence Conundrum" released on June 11, KKR identified corporate restructuring in South Korea as one of the promising investment opportunities in Asia. The report pointed out that historically weak governance and low shareholder return policies have been major causes of the Korea discount. However, it analyzed that recent trends toward simplifying corporate structures, improving capital allocation efficiency, and the rise of shareholder activism are changing the market environment. KKR highlighted that approximately 70% of the Korean market is still trading below book value, indicating room for further value reappraisal. Moreover, KKR emphasized that the essence of the ongoing corporate reforms is not merely to increase valuations but to qualitatively improve return on equity (ROE) and governance. The firm is focusing on opportunities related to corporate spin-offs, strategic partnerships, and investments utilizing private equity. KKR also assessed that South Korea possesses competitiveness in labor market policies in response to the transition to artificial intelligence (AI) and industrial restructuring. According to the report, South Korea's proactive labor market policy spending is 0.40% of its gross domestic product (GDP), surpassing the OECD average of 0.32%, placing it among the top 10 countries. KKR predicts that if corporate restructuring and investments in human capital proceed concurrently, South Korea's structural competitiveness could be further strengthened. As advanced semiconductor production becomes concentrated in certain countries, it is perceived as a strategic risk factor by the United States and its Western allies, leading to increased investments for supply chain diversification. KKR anticipates that South Korea, with its global semiconductor production base and advanced manufacturing capabilities, will play an increasingly important role in the restructuring of the semiconductor supply chain. Henry McBay, KKR's Global Macro and Asset Allocation Chief Investment Officer, stated, "The economic cycle has not ended but is becoming increasingly selective. Economic performance will become more concentrated in specific regions, industries, and asset classes, widening the gap between regions and sectors."* This article has been translated by AI. 2026-06-11 09:57:00
  • SK Group Plans AI Data Center in Japan, Considers Semiconductor Investment
    SK Group Plans AI Data Center in Japan, Considers Semiconductor Investment SK Group has identified Japan as a key hub for artificial intelligence (AI). The company plans to establish a next-generation data center dedicated to AI and collaborate with NVIDIA to develop AI infrastructure, while also considering potential investments in semiconductor production facilities. On June 10, Chey Tae-won, Chairman of SK Group, stated in an interview with the Nihon Keizai Shimbun in Tokyo that the company aims to build an AI-specialized data center, referred to as an "AI factory," by 2028-2029. The AI factory will be a next-generation data center optimized for training and inference of large language models (LLMs). It will combine SK's high-bandwidth memory (HBM) with NVIDIA's graphics processing units (GPUs) to achieve high computational performance while minimizing power consumption. SK plans to first establish its initial AI factory in South Korea by 2027, with Japan selected as the first overseas expansion site. The facility in Japan will be constructed in collaboration with local companies, and specific discussions are already underway, targeting operational readiness by 2028-2029. While the investment scale has not been disclosed, the facility is expected to have a gigawatt (GW) power capacity, comparable to the energy consumption of a major city. SK is currently searching for a suitable site with ample space and reliable power supply. Chey explained, "We expect to support Japanese companies in expanding their AI utilization while showcasing our semiconductor technology as a 'showcase.'" He also mentioned that if additional expansion is necessary, the company may consider building overseas production bases. He praised Japan as a "very excellent candidate" due to the concentration of semiconductor equipment and material companies, indicating that the necessary ecosystem is already in place. Earlier, on June 9, after attending the Nikkei Forum at the Imperial Hotel in Tokyo, Chey shared his views on how to utilize investment returns from Kioxia. He stated, "If we earn money in a region, we should consider ways to grow together with that area. Just as our citizens would not feel positively if foreign companies invest in Korea and take all the profits away, Japan may feel the same way." He emphasized that there are many areas for cooperation between Korea and Japan, particularly in investing in Japan's semiconductor materials and components sector. Chey clarified that regarding Bain Capital's recent addition of 'management participation purpose' in Kioxia's public disclosures, SK's direct management involvement is not possible due to trust structure constraints. He noted, "Kioxia is both an investment company and a competitor in the market, so we must maintain a strict competitive order." However, he added, "While management operates independently, collaboration in other areas is certainly possible." Regarding Kioxia Holdings, with which SK has an indirect investment relationship, Chey expressed a desire to seek various collaborations in talent, research and development, and ecosystem development, even amid competition. He also expressed hope for the smooth construction of the Hokkaido plant by Rapidus, Japan's next-generation semiconductor national project company, and indicated a willingness to cooperate if necessary. Additionally, Chey has been consistently proposing the idea of a "Korea-Japan Economic Community," where both countries can collaborate as a single economic zone. He argued that amid ongoing U.S.-China tensions, private companies in Korea and Japan can create an environment conducive to cooperation through regulatory easing and joint procurement, leading to mutual growth for both nations.* This article has been translated by AI. 2026-06-11 09:51:00
  • U.S. Seizes 13 Domains Linked to Chinese Espionage Efforts
    U.S. Seizes 13 Domains Linked to Chinese Espionage Efforts U.S. federal authorities have seized 13 internet domains suspected of being used by Chinese intelligence agencies for information-gathering activities. On June 10, the U.S. Department of Justice announced the seizure of these domains linked to fake consulting firms created to extract information from current and former U.S. government and military officials. The Justice Department explained that these fraudulent firms posed as consultants or analysts to approach applicants, demanding access to proprietary or internal information. U.S. Attorney for the District of Columbia Matthew Graves stated, "This seizure sends a clear message that any attempts to exploit trusted Americans who have access to our nation's most sensitive information will be uncovered and dismantled." This action came just a week after the intelligence-sharing alliance known as the Five Eyes—comprising the U.S., U.K., Canada, Australia, and New Zealand—issued a joint warning regarding China's information-gathering activities. The Five Eyes had previously warned that China was using online job platforms to target individuals in government, military, and intelligence sectors, attempting to obtain confidential information by posing as private sector or think tank representatives. China has denied these allegations. A spokesperson for the Chinese embassy in Washington stated, "The so-called claims of a 'Chinese espionage threat' are completely fabricated and malicious slander. China strongly condemns this." This is not the first time there have been suspicions that Chinese intelligence agencies are attempting to recruit U.S. and Western officials through fake consulting firms. Reuters reported last year that a similar network of fraudulent consulting firms tried to recruit federal employees who were laid off during the downsizing and restructuring of the Donald Trump administration.* This article has been translated by AI. 2026-06-11 09:51:00
  • LS Eco Energy Enters Hyundai Rotem Supply Chain, Supplies First Railway Communication Cables
    LS Eco Energy Enters Hyundai Rotem Supply Chain, Supplies First Railway Communication Cables LS Eco Energy has entered the supply chain of Hyundai Rotem, marking its first foray into the railway special cable business. On June 11, LS Eco Energy announced that its Vietnamese subsidiary, LSCV, has supplied railway communication cables to Hyundai Rotem for the first time. These cables will be used in hydrogen tram vehicles for the Daejeon and Ulsan urban rail systems.Railway communication cables are essential components that connect control devices and communication systems within trains, transmitting operational data in real time. Given their critical role in railway safety, these cables must meet high standards for quality and durability. In a market characterized by verified supply chains, securing supply performance is seen as a significant competitive advantage.With this supply, LS Eco Energy aims to establish a reference in the railway special cable sector and expand its opportunities to participate in Hyundai Rotem's domestic and international railway projects.The company is also accelerating its transition to a business structure focused on high-value products. This supply is part of a strategy to increase the share of special cables for railway and industrial infrastructure.Particularly, as the Vietnamese government pushes forward with large-scale railway infrastructure projects, including the North-South High-Speed Railway and urban rail systems, LS Eco Energy plans to capitalize on local production facilities like LSCV to capture related demand. The company is committed to strengthening its presence in the Southeast Asian railway market from its base in Vietnam.An LS Eco Energy representative stated, "Entering the Hyundai Rotem supply chain and achieving our first success in the railway special cable market is significant. We will expand our efforts in the global railway infrastructure market in conjunction with overseas projects in K-Rail."* This article has been translated by AI. 2026-06-11 09:51:00