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Baek Byung-yeul

Korea Times K-Culture Reporter

Baek Byung-yeul is a journalist at The Korea Times focused on cultural content, including films and cultural events in South Korea. You can contact him at baekby@koreatimes.co.kr to share your insights.

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Tech & Science

Merck emphasizes digitalization in semiconductor market

Steven Eulig, head of Business Development for Digital Solutions at Merck Electronics, speaks during the Alumni Network of Korea-Germany (ADeKo) academic conference at the Korea Chamber of Commerce and Industry building in Seoul, Tuesday. Courtesy of Merck KoreaBy Baek Byung-yeulMerck noted that the semiconductor industry should embrace AI and machine learning for digital transformation, according to the German science and technology company's Korean unit Wednesday.Speaking at the Alumni Network of Korea-Germany (ADeKo) academic conference in Seoul, Tuesday, Steven Eulig, head of Business Development for Digital Solutions at Merck Electronics, explained the roles of AI and machine learning in semiconductor manufacturing. He said that sustainable digital transformation is required to respond to the rapidly changing semiconductor landscape.“Digitalization and data sharing are critical to building systems to maintain semiconductor quality and improve supply chain resilience in the global marketplace,” Eulig said during the conference, which was held to mark the 140th anniver

Sep 20, 2023By Baek Byung-yeul
Merck emphasizes digitalization in semiconductor market
Companies

Korea Ginseng Corp. opens R&D center for future growth

Her Chul-ho, sixth from left, CEO of Korea Ginseng Corp. (KGC), poses along with others during a tape-cutting ceremony to mark the opening of the company's R&D center in Gwacheon, Gyeonggi Province, Sept. 7. Courtesy of KGCBy Baek Byung-yeulKorea Ginseng Corp. (KGC) opened an R&D center in Gwacheon, outer Seoul, to enhance its research capabilities and secure competitiveness in the fierce health and functional food market, the company said Wednesday.KGC said the new R&D center, which covers 3,821 square meters and uses nine floors, will help improve the company's research capability as it features the latest research equipment. KGC held an opening ceremony on Sept. 7 to commemorate the new facility.“With the expansion and relocation of our Gwacheon R&D center, we have expanded our infrastructure and increased efficiency. We expect the facility will serve as a key base for new leaps through research and development innovation based on our world-leading ginseng and red ginseng technology,” Hur Chul-ho, CEO of KGC, said at the opening ceremony.KGC employees p

Sep 20, 2023By Baek Byung-yeul
Korea Ginseng Corp. opens R&D center for future growth
Tech & Science

IBM seeks to offer enhanced AI service to enterprises with Watsonx

Lee Eun-joo, country general manager of IBM Korea, speaks during the IBM Tech Summit Seoul 2023 conference at the Conrad Seoul hotel, Tuesday. Courtesy of IBM KoreaBy Baek Byung-yeulIBM introduced its generative AI platform Watsonx to corporate customers and professionals here, explaining that the platform makes it easier for customers to utilize generative AI, the country general manager of its Korean unit said, Tuesday."IBM is more focused on providing solutions and services that make it easier and better for enterprise customers to experience the true value of AI,” Lee Eun-joo, country general manager of IBM Korea, said during the IBM Tech Summit Seoul 2023 conference. “IBM's Watsonx platform is the result of this effort.”As the Korean unit chief explained, IBM said its Watsonx platform consists of three solutions, including Watson.ai, Watson.data and Watson.governance. Watson.ai enables users to build, run and deploy AI based on machine learning, while Watson.data provides the technology for organizations to adopt AI.The general manager added that IBM is able to

Sep 19, 2023By Baek Byung-yeul
IBM seeks to offer enhanced AI service to enterprises with Watsonx
Companies

Samsung Biologics inks $242 mil. CMO deal with BMS

Samsung Biologics' Plant 4 in Songdo, Incheon / Courtesy of Samsung BiologicsBy Baek Byung-yeulSamsung Biologics signed a $242 million contract manufacturing organization (CMO) deal with global pharmaceutical giant Bristol-Myers Squibb (BMS) for the production of immuno-oncology drugs, the drug manufacturer said Monday. Samsung said the production agreement was made with BMS' subsidiary Swords Laboratories. Under the contract, its Plant 4 will serve as the production base for BMS' flagship immuno-oncology product for the next seven years through 2030.BMS was Samsung Biologics' first customer since the company launched its CMO business, which refers to the production of medical drugs at the request of a client company. The two sides have been working together for more than a decade, signing new and expanded CMO contracts.Samsung Biologics attributed the long-term collaboration to the fact that it has the world's largest production capacity and has earned customers' trust with its fast and stable production speed.Based on this competitiveness, Samsung has continued to establish new con

Sep 18, 2023By Baek Byung-yeul
Samsung Biologics inks $242 mil. CMO deal with BMS
Tech & Science

LG CNS to promote AI robotics biz for logistics

Lee Jun-ho, right, head of the Smart Logistics Division at LG CNS, poses with XYZ Robotics CEO Jiaji Zhou after signing an MOU at the former's headquarters in Seoul, Sept. 11. Courtesy of LG CNSBy Baek Byung-yeulLG CNS is strengthening its robot operation platform business after forging a partnership with China's XYZ Robotics, the Korean company said Monday.The LG Group affiliate said it signed a memorandum of understanding (MOU) with XYZ Robotics, an AI-based robotics solution company, on Sept. 11 as part of efforts to enhance its competitiveness in robot-related industries. In July, LG CNS introduced a robotics management platform that controls and manage various types of robots at logistics distribution centers. The robot management platform collects and analyzes data from all robots in real time and guides them to perform optimally.The company added that it signed the partnership with XYZ Robotics, which possesses cutting-edge technology in 3D vision and grippers, which are the hands of robots.Based on its robotics solutions, XYZ Robotics is developing palletizing robots that pic

Sep 18, 2023By Baek Byung-yeul
LG CNS to promote AI robotics biz for logistics
Tech & Science

Upstage's Solar becomes main language model for Quora chatbot

U.S.-based knowledge-sharing platform provider Quora's AI chatbot service Poe, which chose Korean AI startup Upstage's large language model Solar as one of its main language models / Courtesy of UpstageBy Baek Byung-yeulUpstage's large language model (LLM) Solar has become a main language model for U.S. knowledge-sharing platform provider Quora's AI chatbot service, Poe, proving its competitiveness against leading generative AI services such as OpenAI's ChatGPT, the Korean AI startup said Monday.Upstage said Solar stands for Specialized and Optimized LLM and Applications with Reliability. The language model is based on the company's generative AI capability, which took first place on Hugging Face's Open LLM Leaderboard competition with a score of 72.3 in August.Operated by Quora, Poe is a global leading generative AI platform where users can use a variety of AI models and create their own chatbots. Poe has access to thousands of generative AI models, including famous LLM models as well as models created by individuals, and only a few generative LLMs ― such as OpenAI's ChatGPT, Google

Sep 18, 2023By Baek Byung-yeul
Upstage's Solar becomes main language model for Quora chatbot
Tech & Science

LG CNS to foster data, AI talent with Korea University

LG CNS CEO Hyun Shin-gyoon, right, poses with Korea University President Kim Dong-one at the latter's office in Seoul, Wednesday, after signing a partnership agreement. LG said Thursday that it agreed with the university to establish a recruitment-linked department to foster data science and AI professionals starting next year, enabling graduate students to work for the company. Courtesy of LG CNS

Sep 14, 2023By Baek Byung-yeul
LG CNS to foster data, AI talent with Korea University
Companies

Lotte Healthcare launches digital health care platform CAZZLE

Lee Hoon-ki, CEO of Lotte Healthcare, introduces the company's digital health care management platform CAZZLE during a press conference at Lotte World Tower in Seoul, Thursday. Courtesy of Lotte HealthcareBy Baek Byung-yeulLotte Healthcare is entering the digital health care market with the launch of CAZZLE, the company said Thursday.CAZZLE is a personalized health care platform that aims to provide easy health management, the health care subsidiary of Lotte Group said. The platform will begin full service on Sept. 18, providing customized health management and related products by integrating and analyzing information such as personal health checkup results with the use of AI algorithms.“We focused on creating a health care playground that does not exist in Korea by utilizing Lotte Group's successful know-how and infrastructure for the B2C (business-to-consumer) sector,” Lee Hoon-ki, CEO of Lotte Healthcare, said during a press conference in Seoul. “We expect CAZZLE to contribute to improving the health of people here and help develop the country's digital health ca

Sep 14, 2023By Baek Byung-yeul
Lotte Healthcare launches digital health care platform CAZZLE
Companies

Costco Korea fined $22,565 for safety violations in connection to worker's death

Members of the Korean Confederation of Trade Unions and the family of Kim Dong-ho, a Costco Wholesale Korea employee who died in June while organizing shopping carts during hot weather at Costco's Hanam branch, hold a press conference at the Korea Workers Compensation & Welfare Service's office in Seongnam, Gyeonggi Province, Aug. 22, to demand that the franchise recognize his death as an industrial accident resulting from making him work in conditions of extreme heat. NewsisCostco Wholesale Korea Country Manager Cho Min-soo / NewsisBy Baek Byung-yeulCostco Whole Sale Korea was fined 30 million won ($22,565) by the Ministry of Employment and Labor for delaying reporting the death of an employee who died while organizing shopping carts during a heat wave in June, according to the ministry, Wednesday. The ministry said it recently fined Costco Wholesale Korea for violating the Occupational Safety and Health Act.On June 19, Kim Dong-ho, an employee at the U.S. retail franchise's Hanam branch, collapsed and died while managing shopping carts in the store's parking lot in hot weather,

Sep 13, 2023By Baek Byung-yeul
Costco Korea fined $22,565 for safety violations in connection to worker's death
Companies

Samsung Biologics invests in local antibody drug conjugate developer

A researcher of AimedBio conducts research activities. Samsung Biologics said Wednesday that it decided along with Samsung C&T and Samsung Bioepis to invest in the company. Courtesy of Samsung BiologicsBy Baek Byung-yeulSamsung Biologics invested in AimedBio, a local biotech company specialized in antibody-drug conjugates (ADCs), in a bid to expand into the next-generation drug business, the company said Wednesday.Samsung Biologics said the investment in AimedBio is the fourth investment activity of the Life Science Fund, established with Samsung C&T and Samsung Bioepis, adding that the investment amount is undisclosed.AimedBio is a domestic biotech company established in 2018. Based on Samsung Medical Center's cancer research, the company has utilized AI-based clinical and genomic information analysis of tumor patients and patient-derived experimental models. In particular, AimedBio has received support from the Korea Drug Development Foundation (KDDF) for the development of new drugs such as ADCs. Among its new drug developments, the company is preparing for the first clini

Sep 13, 2023By Baek Byung-yeul
Samsung Biologics invests in local antibody drug conjugate developer
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