Latest news with #BruceKim
Korea Herald
11-07-2025
- Business
- Korea Herald
SurplusGLOBAL Receives Minister of Trade Award at '2025 Trade Security Day'
SEOUL, South Korea, July 11, 2025 /PRNewswire/ -- SurplusGLOBAL (CEO: Bruce Kim) was awarded the Minister of Trade Award in the Strategic Materials Export Control category at the '2025 Trade Security Day' ceremony organized by the Ministry of Trade, Industry and Energy. As a mid-sized company, SurplusGLOBAL stood out for its systematic implementation of strategic materials export controls and its role in presenting a long-term risk management model in the private sector. SurplusGLOBAL has strictly adhered to the U.S. BIS (Bureau of Industry and Security) EAR (Export Administration Regulations) and South Korea's Strategic Materials Management System. Even before the U.S.-China trade dispute, the company consistently operated EAR and strategic materials determination processes according to its internal standards. This approach goes beyond simple regulatory compliance and is seen as a long-term risk management strategy. In particular, SurplusGLOBAL has carried out numerous BIS ECCN pre-classifications (SNAP-R) and integrated an automated transaction blocking feature into its self-developed CRM system, allowing for the early detection and prevention of potential violations. Additionally, SurplusGLOBAL has independently developed and patented a method and system for detecting and managing abusive activities by exporters and importers on its legacy semiconductor equipment and parts marketplace platform, SemiMarket ( This innovation has further strengthened the company's responsible risk management practices and enhanced its internal control systems across the global supply chain. Recently, SurplusGLOBAL detected a potential buyer in Russia during the export of semiconductor equipment classified as EAR99 (Category for items eligible for export without specific controls). The company identified that this buyer could be a potential risk through an indirect route and proactively halted the transaction. This preemptive action was taken to strengthen global compliance, responsible supply chain management, and risk management. It also helped enhance trust with the international community by proactively addressing potential risks in the supply chain. CEO Bruce Kim has contributed to raising awareness across the industry by writing articles and giving conference presentations on strategic materials, geopolitics, and supply chain issues. Through these efforts, he has driven industry-wide changes, including presenting at the 'Korea Geopolitics Conference' hosted by the JoongAng Ilbo and delivering YouTube lectures. In addition, Bruce Kim has provided practical consulting on SNAP-R(Simplified Network Application Process – Redesign) and EUS(End-User Statement) application not only to large corporations such as Samsung Electronics and SK hynix, but also to small and medium-sized equipment manufacturers, contributing to the foundation of voluntary industry-wide compliance. CEO Bruce Kim stated, "This Ministerial Award is the result of placing strategic materials control at the heart of our global risk response strategy, rather than just complying with regulations. As a responsible member of the global supply chain, we will contribute to the establishment of a culture of strategic materials control across the industry."
Malaysian Reserve
11-07-2025
- Business
- Malaysian Reserve
SurplusGLOBAL Receives Minister of Trade Award at '2025 Trade Security Day'
SEOUL, South Korea, July 11, 2025 /PRNewswire/ — Leading Private Sector Company in Strategic Materials Export Control, Realizing 'Global Supply Chain Responsibility' SurplusGLOBAL (CEO: Bruce Kim) was awarded the Minister of Trade Award in the Strategic Materials Export Control category at the '2025 Trade Security Day' ceremony organized by the Ministry of Trade, Industry and Energy. As a mid-sized company, SurplusGLOBAL stood out for its systematic implementation of strategic materials export controls and its role in presenting a long-term risk management model in the private sector. Leading with 'Risk Management' Rather than Short-Term Response in Strategic Materials Control SurplusGLOBAL has strictly adhered to the U.S. BIS (Bureau of Industry and Security) EAR (Export Administration Regulations) and South Korea's Strategic Materials Management System. Even before the U.S.-China trade dispute, the company consistently operated EAR and strategic materials determination processes according to its internal standards. This approach goes beyond simple regulatory compliance and is seen as a long-term risk management strategy. In particular, SurplusGLOBAL has carried out numerous BIS ECCN pre-classifications (SNAP-R) and integrated an automated transaction blocking feature into its self-developed CRM system, allowing for the early detection and prevention of potential violations. Additionally, SurplusGLOBAL has independently developed and patented a method and system for detecting and managing abusive activities by exporters and importers on its legacy semiconductor equipment and parts marketplace platform, SemiMarket ( This innovation has further strengthened the company's responsible risk management practices and enhanced its internal control systems across the global supply chain. Global Compliance, Responsible Supply Chain, and Risk Management Recently, SurplusGLOBAL detected a potential buyer in Russia during the export of semiconductor equipment classified as EAR99 (Category for items eligible for export without specific controls). The company identified that this buyer could be a potential risk through an indirect route and proactively halted the transaction. This preemptive action was taken to strengthen global compliance, responsible supply chain management, and risk management. It also helped enhance trust with the international community by proactively addressing potential risks in the supply chain. Becoming a 'Strategic Materials Control Hub' Connecting the Private Sector, Government, and Industry CEO Bruce Kim has contributed to raising awareness across the industry by writing articles and giving conference presentations on strategic materials, geopolitics, and supply chain issues. Through these efforts, he has driven industry-wide changes, including presenting at the 'Korea Geopolitics Conference' hosted by the JoongAng Ilbo and delivering YouTube lectures. In addition, Bruce Kim has provided practical consulting on SNAP-R(Simplified Network Application Process – Redesign) and EUS(End-User Statement) application not only to large corporations such as Samsung Electronics and SK hynix, but also to small and medium-sized equipment manufacturers, contributing to the foundation of voluntary industry-wide compliance. CEO Bruce Kim stated, 'This Ministerial Award is the result of placing strategic materials control at the heart of our global risk response strategy, rather than just complying with regulations. As a responsible member of the global supply chain, we will contribute to the establishment of a culture of strategic materials control across the industry.'
Yahoo
11-07-2025
- Business
- Yahoo
SurplusGLOBAL Receives Minister of Trade Award at '2025 Trade Security Day'
SEOUL, South Korea, July 11, 2025 /PRNewswire/ -- Leading Private Sector Company in Strategic Materials Export Control, Realizing 'Global Supply Chain Responsibility' SurplusGLOBAL (CEO: Bruce Kim) was awarded the Minister of Trade Award in the Strategic Materials Export Control category at the '2025 Trade Security Day' ceremony organized by the Ministry of Trade, Industry and Energy. As a mid-sized company, SurplusGLOBAL stood out for its systematic implementation of strategic materials export controls and its role in presenting a long-term risk management model in the private sector. Leading with 'Risk Management' Rather than Short-Term Response in Strategic Materials Control SurplusGLOBAL has strictly adhered to the U.S. BIS (Bureau of Industry and Security) EAR (Export Administration Regulations) and South Korea's Strategic Materials Management System. Even before the U.S.-China trade dispute, the company consistently operated EAR and strategic materials determination processes according to its internal standards. This approach goes beyond simple regulatory compliance and is seen as a long-term risk management strategy. In particular, SurplusGLOBAL has carried out numerous BIS ECCN pre-classifications (SNAP-R) and integrated an automated transaction blocking feature into its self-developed CRM system, allowing for the early detection and prevention of potential violations. Additionally, SurplusGLOBAL has independently developed and patented a method and system for detecting and managing abusive activities by exporters and importers on its legacy semiconductor equipment and parts marketplace platform, SemiMarket ( This innovation has further strengthened the company's responsible risk management practices and enhanced its internal control systems across the global supply chain. Global Compliance, Responsible Supply Chain, and Risk Management Recently, SurplusGLOBAL detected a potential buyer in Russia during the export of semiconductor equipment classified as EAR99 (Category for items eligible for export without specific controls). The company identified that this buyer could be a potential risk through an indirect route and proactively halted the transaction. This preemptive action was taken to strengthen global compliance, responsible supply chain management, and risk management. It also helped enhance trust with the international community by proactively addressing potential risks in the supply chain. Becoming a 'Strategic Materials Control Hub' Connecting the Private Sector, Government, and Industry CEO Bruce Kim has contributed to raising awareness across the industry by writing articles and giving conference presentations on strategic materials, geopolitics, and supply chain issues. Through these efforts, he has driven industry-wide changes, including presenting at the 'Korea Geopolitics Conference' hosted by the JoongAng Ilbo and delivering YouTube lectures. In addition, Bruce Kim has provided practical consulting on SNAP-R(Simplified Network Application Process – Redesign) and EUS(End-User Statement) application not only to large corporations such as Samsung Electronics and SK hynix, but also to small and medium-sized equipment manufacturers, contributing to the foundation of voluntary industry-wide compliance. CEO Bruce Kim stated, "This Ministerial Award is the result of placing strategic materials control at the heart of our global risk response strategy, rather than just complying with regulations. As a responsible member of the global supply chain, we will contribute to the establishment of a culture of strategic materials control across the industry." View original content to download multimedia: SOURCE SurplusGLOBAL, Inc.
Yahoo
10-06-2025
- Business
- Yahoo
SurplusGLOBAL to Launch Beta of Semiconductor Equipment and Parts Platform 'SemiMarket (www.SemiMarket.com)' on June 2, with Grand Opening Planned for December
SEOUL, South Korea, June 10, 2025 /PRNewswire/ -- SurplusGLOBAL, a leading provider specializing in legacy semiconductor equipment and parts, has fired the starting signal for its platform transformation. On June 2, the company officially announced the beta launch of its dedicated semiconductor equipment and parts platform, SemiMarket ( With the launch of SemiMarket, the marketplace functionality previously offered on will be discontinued. Moving forward, all product searches and purchases will be integrated and provided through while will operate solely as a corporate information and company introduction site. SemiMarket is an AI-driven platform developed based on SurplusGLOBAL's extensive experience over the past 25 years, including the supply of over 60,000 equipment, a network of over 150,000 global customers, and a database containing hundreds of thousands of parts. By utilizing AI recommendation system, the platform offers efficient matching between buyers and sellers, shifting from the existing search-centered system to a real transaction–focused integrated trading environment. Notably, the beta launch on June 2 will operate as a proprietary store where SurplusGLOBAL acts as the seller. During this period, SurplusGLOBAL will commercialize client products and sell them on their behalf under a remarketing-based operational model. The most anticipated milestone for SurplusGLOBAL is the grand opening in December 2025. At that point, SemiMarket will transition into a seller-driven open market platform. Sellers will be able to directly join the platform, register items, and engage in direct transactions with global buyers. This will allow each seller to operate an independent brand store, establishing a self-directed sales structure targeting the global market. The company is also strengthening its offline physical transaction infrastructure. In addition to its online platform, SurplusGLOBAL is currently piloting the SemiMarket Parts Mall located at its headquarters in Yongin-si, South Korea. The company completed Cluster Building A in 2021 and is now constructing Building B, a project totaling KRW 50 billion (USD 36.5 million). Building B will span approximately 39,600 square meters and is scheduled for completion in May 2026, with around 26,400 square meters dedicated to the Parts Mall. Once completed, the facility will offer one-stop fulfillment services—including parts storage, exhibition, harvesting, refurbishing, packaging, and logistics—creating a fully integrated online-to-offline transaction ecosystem. Bruce Kim, CEO of SurplusGLOBAL, emphasized, "SemiMarket is the realization of the platform business we have dreamed of for the past 25 years," adding, "With our AI-based trading system, we aim to revolutionize the extremely inefficient legacy semiconductor parts market and build a collaborative ecosystem with global customers and partners." View original content to download multimedia: SOURCE SurplusGLOBAL, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
