Latest news with #ExportAdministrationRegulations
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.'
Associated Press
30-06-2025
- Business
- Associated Press
Former Microsoft Assistant General Counsel Scott Wise Joins Crowell & Moring
DENVER, June 30, 2025 /PRNewswire/ -- Scott Wise, most recently assistant general counsel for global trade at Microsoft, has joined Crowell & Moring as a partner in the firm's International Trade Group. During his time at Microsoft, Wise led a consolidated team focusing on export controls, economic sanctions, and outbound investment. He was the lead export controls and economic sanctions attorney for key business groups ranging from emerging technologies including artificial intelligence and quantum computing, to aerospace and defense contracts, to commercial software and gaming. In that role, Wise developed Microsoft's compliance approach to new regulations governing the export of a range of new technologies, including AI, integrated circuits and chips, and quantum computing, which involved coordination between senior government officials and business leaders. 'Scott brings unique in-house and private practice experience to Crowell at a time when export controls are reshaping global markets and disrupting clients' business plans and supply chains,' said Dj Wolff, co-chair of Crowell's International Trade Group. 'Scott's 'in the room' experience working with key decision makers and export controls and sanctions regulators on behalf one of the world's largest technology companies will immediately bolster our export control practice with a perspective virtually no other outside counsel can offer.' At the firm, Wise's practice will focus on export controls, economic sanctions, and outbound investment issues with an emphasis on the emerging technologies space, including working alongside established and start-up companies to develop unique compliance programs that are responsive to the full range of regulations governing the exports of goods and services. Wise also will train and counsel clients on compliance with relevant export control regulations such as the International Traffic in Arms Regulations (ITAR) and the Export Administration Regulations (EAR). 'Having worked alongside Crowell attorneys for years at Microsoft, I know the quality of the international trade team and their incredible client service in this space,' Wise said. 'When I was considering a return to private practice, it made perfect sense to join Crowell and work with a collaborative and practical group of lawyers to support companies at the forefront of new technologies.' Prior to joining Microsoft, Wise was in private practice at Kelley Drye & Warren and Hughes Hubbard & Reed where he was a member of the International Trade teams. 'Denver is a magnet for companies in the emerging technologies space and Scott's arrival allows us to truly meet the moment with support for clients as they seek to grow their footprint and navigate the ever-changing landscape of trade regulations,' said Andrea Surratt, managing partner of the firm's Denver office. Wise earned his law degree from American University Washington College of Law, a master of laws degree from Georgetown University Law Center, and his bachelor's degree from the University of Oklahoma. About Crowell & Moring LLP Crowell & Moring is an international law firm with operations in the United States, Europe, MENA, and Asia. Drawing on significant government, business, industry, and legal experience, the firm helps clients capitalize on opportunities and provides creative solutions to complex regulatory and policy, litigation, transactional, and intellectual property issues. The firm is consistently recognized for its commitment to pro bono service, as well as its comprehensive programs and initiatives to advance the professional and personal development of all members of the Crowell community. Media Contact: Email: [email protected] View original content to download multimedia: SOURCE Crowell & Moring LLP
Yahoo
29-04-2025
- Business
- Yahoo
Trump Is Repeating Biden's AI Mistakes
President Donald Trump pledged to remove "barriers to American leadership in artificial intelligence" in a January executive order by reversing the Biden administration's precautionary approach to AI. Despite this order, the Trump administration is repeating its predecessor's mistakes by allowing export controls issued by former President Joe Biden to take effect. Administered by the Commerce Department's Bureau of Industry and Security, the Framework for AI Diffusion creates a global licensing regime for closed AI models and the advanced chips used to train and run them. The bureau administers the Export Administration Regulations (EAR), which govern what American-made products may be exported based on the item, the destination, the end use, and the end user. The framework, with which exporters must comply by May 15, amends the EAR by extending the bureau's regulatory oversight to include foreign products that are "direct products" of American technology subject to the EAR. Under the framework, the Commerce Department will also be able to regulate products made by a "complete plant or 'major component' of a plant that is a 'direct product'" of those domestic technologies. The worldwide license regime applies to any advanced semiconductor designed for data center use and graphics processing units (GPUs) used for AI acceleration. The framework also introduces licenses to export the model weights of closed AI models that exceed a certain threshold of computational power. Matthew Mittelsteadt, technology policy research fellow at the Cato Institute, tells Reason that while every model that exists today is under this threshold, "a lot of training in and of itself does not make [AI] intelligent or risky." The framework preemptively denies applications for the export of advanced semiconductors as well as advanced AI models to Arms Embargoed Countries, which includes China. But prohibiting the sale of high-powered GPUs to China did not stop DeepSeek from developing its advanced large language model, R1. The framework subjects roughly 150 countries, including India and Brazil, "to a byzantine and problematic set of limits" that further reduces demand for American chips, according to John Villasenor, nonresident senior fellow at the Brookings Institution. Restricting the sale of advanced semiconductors doesn't only harm domestic tech firms such as Intel and Nvidia, but the American economy writ large. "Closing the door on all sorts of international trade opportunities," explains Mittelsteadt, "means we're closing the door on the markets that are needed to reap revenue on the things that we invent." Not generating revenue means the U.S. "can't invest in R&D," he adds, "and if we can't invest in R&D we're going to start falling behind." The post Trump Is Repeating Biden's AI Mistakes appeared first on
Arab News
08-04-2025
- Business
- Arab News
US sanctions 19 Pakistani firms over ‘unsafeguarded' nuclear, ballistic missile program activities
KARACHI: The Bureau of Industry and Security of the United States (US) Department of Commerce has added more than a dozen Pakistani firms to its entity list for their contributions to 'unsafeguarded' nuclear activities and seven others for contributing to the South Asian nation's ballistic missile program. Late last month, the US authorities changed their Export Administration Regulations (EAR) and added 70 entities from China, Pakistan, Iran, South Africa and the United Arab Emirates to the list that identifies entities which have been involved or pose a significant risk to national security or foreign policy interests of the US, according to the US federal register website. Pakistani companies that have been restricted for their alleged involvement in unsafeguarded nuclear activities include Britlite Engineering Company, Indentech International, IntraLink Incorporated, Proc-Master, Rehman Engineering and Services, The Sadidians, Sine Technologies, Supply Source Co., Ariston Trade Links, Professional Systems (Pvt) Ltd., RASTEK Technologies and NA Enterprises. 'These entities have been determined by the US Government to be acting contrary to the national security or foreign policy interests of the United States,' the US federal register website said. '[The EAR impose] additional license requirements on, and limit the availability of, most license exceptions for exports, re-exports, and [in-country] transfers when a listed entity is a party to the transaction.' Pakistani firms put under additional restrictions for allegedly contributing to Pakistan's ballistic missile program include Allied Business Concerns (Pvt) Ltd, Global Traders, Linkers Automation (Pvt) Ltd, Otto Manufacturing, Potohar Industrial & Trading Concern, Rachna Supplies (Pvt) Ltd. and Resource Enterprises. Most of the above-mentioned companies are based in Islamabad, Karachi, Lahore, Faisalabad and Wah Cantonment, but they could not be immediately reached for comments. Pakistan's foreign ministry said last month the US 'unfairly targeted' Pakistan's commercial entities without any evidence whatsoever. 'Such biased and politically motivated actions are counterproductive to the objectives of global export controls and obstruct the legitimate access to technology for socio-economic development,' Shafqat Ali Khan, a foreign ministry spokesperson, said during a weekly media briefing in Islamabad on March 27. Pakistan's relations with the US, its largest export destination, have mostly been patchy since Washington's withdrawal from Afghanistan in August 2021. Last week, President Donald Trump's administration imposed a 29 percent reciprocal tariffs on imports from Pakistan, which analysts believe may hurt the South Asian nation's textiles industry that fetched $17 billion for the cash-strapped country in the last fiscal year that ended in June. Pakistan, which enjoys a trade surplus with the US, plans to send a high-level delegation to Washington for discussions on the new tariffs that Finance Minister Muhammad Aurangzeb has said could be turned into an opportunity for the benefit of the two trading partners. In December, the US government also sanctioned Pakistan's National Development Complex and three Karachi-based commercial entities, including Akhtar and Sons Private Limited, Affiliates International and Rockside Enterprise. Pakistan's foreign ministry called the sanctions as 'unfortunate and biased' and said the country's strategic capabilities are meant to defend its sovereignty and preserve peace and stability in South Asia. Regretting the sanctioning of private commercial entities, the ministry said similar listings of commercial entities in the past were based on mere doubts and suspicion without any evidence.
