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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

Korean scientists emphasize need to increase collaboration with global researchers

Young-Kee Kim, a physics professor at the University of Chicago, delivers a greeting during the inaugural World Congress of Korean Scientists & Engineers at KOFST's headquarters in southern Seoul, Wednesday. YonhapBy Baek Byung-yeulKorean scientists and researchers from around the world gathered in Seoul, Wednesday, to interact with scholars and researchers at the inaugural World Congress of Korean Scientists & Engineers. To advance, Korea's science and technology, they also emphasized the importance of forging more connections with global researchers."It is important for Korean researchers to collaborate with international research organizations and pursue diverse kinds of human resource exchange,” Young-Kee Kim, a physics professor at the University of Chicago, said during the event, introducing research about particle accelerators conducted in collaboration with countries around the world.“We are very grateful to the president for fulfilling his promise to invite Korean researchers from around the world for exchanges. We have already laid the foundation for coo

Jul 5, 2023By Baek Byung-yeul
Korean scientists emphasize need to increase collaboration with global researchers
Companies

SK bioscience to establish vaccine production, development infrastructure in Thailand

SK bioscience CEO Ahn Jae-yong, second from right, poses with Thailand's Permanent Secretary for Public Health Opas Karnkawinpong, left, GPO Managing Director Mingkwan Suphannaphong, second from left, and Jeon Jo-young, minister and deputy chief of mission at the Korean Embassy to Thailand, during an MOU signing event at the Thailand public health ministry's office in Nonthaburi, Tuesday. Courtesy of SK bioscienceBy Baek Byung-yeulSK bioscience signed an agreement with a bio company run by the Thai government to build vaccine production facilities and infrastructure as part of the Korean vaccine developer's globalization strategy, according to the company, Wednesday.The company said it signed a memorandum of understanding (MOU) with Government Pharmaceutical Organization (GPO), a state-run pharmaceutical company in Thailand, Tuesday, to establish vaccine production and development infrastructure there.As a state-run company, GPO has been supplying medicines and vaccines to hospitals in Thailand since its establishment in 1996. Public hospitals in Thailand are mandated to use at least

Jul 5, 2023By Baek Byung-yeul
SK bioscience to establish vaccine production, development infrastructure in Thailand
Companies

Samsung Biologics signs $897 mil. drug production deal with Pfizer

Seen is a concept image for Samsung Biologics' Plant 4. The company said Tuesday that it signed drug manufacturing deals worth $897 million with global pharmaceutical company Pfizer. Courtesy of Samsung BiologicsBy Baek Byung-yeulSamsung Biologics signed two biosimilar product-manufacturing contracts with global pharmaceutical company Pfizer, totaling $897 million, demonstrating the growing reputation of the Korean contract-based drug manufacturer, the company said Tuesday.Samsung Biologics said that one of the two contracts is its largest ever for a single contract. The company will produce biosimilar products under these contracts at its facility known as Plant 4 in Incheon's Songdo District, which has the world's largest production capacity at 240,000 liters per year.The contracts with Pfizer are worth $193 million and $704 million, respectively. Pfizer previously inked a deal with Samsung Biologics for a $183 million contract manufacturing order in March, which was increased later to $193 million, Samsung Biologics said. The $704 million is a new order, which is the largest ever

Jul 4, 2023By Baek Byung-yeul
Samsung Biologics signs $897 mil. drug production deal with Pfizer
Tech & Science

LG Innotek wins best partner award from JLR

Yoo Byaeng-kuk, second from right, head of Automotive Components Business Unit at LG Innotek, poses with Barbara Bergmeier, left, executive director of JLR, Ju Won-rae, second from left, head of EU Representative office of LG Innotek and Tobias Moch, right, CPO of JLR, during JLR Supplier Excellence Awards ceremony in Gaydon, U.K., May 30. Courtesy of LG InnotekBy Baek Byung-yeulLG Innotek won the best partner award from British luxury car brand JLR for its high-quality auto parts, according to the company, Monday.JLR was formerly known as Jaguar Land Rover, but as of June 1, the company rebranded to JLR. Each year the British automobile manufacturer recognizes its top global suppliers. At this year's JLR Supplier Excellence Awards, JLR recognized suppliers based on five values: Customer Love, Unity, Integrity, Growth and Impact. LG Innotek was selected in the Impact category.“LG Innotek could have been nominated for any of the five supplier award categories but the way they innovate their products and improve their customer services makes an Impact award particularly appropria

Jul 3, 2023By Baek Byung-yeul
LG Innotek wins best partner award from JLR
Tech & Science

Naver, KT, Maum AI to help state-run agencies, SMEs use AI services

Science and ICT Minister Lee Jong-ho, center, poses with Naver Cloud CEO Kim Yoo-won, left, Presidential Committee on the Digital Platform Government Chairman Koh Jean, second from left, Korea Software Industry Association Chairman Cho Joon-hee, second from right, and LG AI Research chief Bae Kyung-hoon during the inaugural ceremony of the AI Promotion Council at Naver's headquarters in Seongnam, Gyeonggi Province, June 29. The ICT ministry and the digital platform government committee said Monday that they will start a project to support the utilization of hyperscale AI services developed by the private sector. Courtesy of Naver CloudBy Baek Byung-yeulNaver Cloud, KT, VAIV Company and Maum AI will provide their hyperscale artificial intelligence (AI) services to government agencies and small and medium-sized enterprises (SMEs) here to improve administrative work efficiency and develop innovative services using emerging technology, according to the digital government platform committee and the ICT ministry, Monday.The Presidential Committee on the Digital Platform Government and the

Jul 3, 2023By Baek Byung-yeul
Naver, KT, Maum AI to help state-run agencies, SMEs use AI services
Companies

Slovenian delegation visits Hyundai, Kia R&D center

The Slovenian delegation led by Deputy Prime Minister Tanja Fajon, third from left, poses with Song Ho-sung, fourth from left, CEO of Kia, at Hyundai Motor Group's R&D center in Namyang, Hwaseong City, Gyeonggi Province, June 30. The automotive group said Sunday that the Slovenia delegation was introduced to the group's future mobility technologies such as electric, hydrogen and self-driving cars. Courtesy of Hyundai Motor Group 

Jul 2, 2023By Baek Byung-yeul
Slovenian delegation visits Hyundai, Kia R&D center
Tech & Science

Samsung Display sues China's BOE for OLED patent infringement in US

Samsung Display's Rollable Flex displays, OLED displays that can be rolled and unrolled, are displayed at SID Display Week in Los Angeles, May 23. Courtesy of Samsung DisplayBy Baek Byung-yeulSamsung Display filed a lawsuit against Chinese display maker BOE for infringing on its smartphone organic light emitting diodes (OLED) display technologies in the United States, according to industry sources, Sunday.This is the first time that the display arm of Samsung Electronics filed a lawsuit against BOE. Samsung Display's move is interpreted as a response to the growing influence of the Chinese display maker.The move also shows the determination that they will take strong measures to protect their technology at a time when Chinese makers are increasing their presence in OLED, the next-generation display for LCD, after gaining market influence by selling large quantities of LCDs at low prices.The company filed lawsuits with the U.S. District Court for the Eastern District of Texas on June 26, alleging that BOE infringed on its four patented OLED technologies, especially those used in Apple

Jul 2, 2023By Baek Byung-yeul
Samsung Display sues China's BOE for OLED patent infringement in US
Companies

SK bioscience completes Phase 2 trial for pneumococcal vaccine

Ahn Jae-yong, left, CEO of SK bioscience, poses with Thomas Triomphe, executive vice president of Sanofi, during the Vaccines Investor Event hosted by Sanofi in London, June 29. The two companies announced the successful completion of the Phase 2 clinical trial of a pneumococcal vaccine that they are jointly developing. Courtesy of SK bioscienceBy Baek Byung-yeulSK bioscience successfully completed the Phase 2 clinical trial of a 21-valent pneumococcal vaccine co-developed with French biopharmaceutical company Sanofi and is on track to enter the Phase 3 trial, according to the local vaccine developer and producer, Friday.The company said it confirmed excellent immunogenicity and safety in the Phase 2 clinical trial of GBP410, a 21-valent pneumococcal protein conjugate vaccine in infants and young children, and is ready to enter the Phase 3 trial.“GBP410, jointly developed by SK bioscience and Sanofi, is a protein-conjugate vaccine that conjugates specific proteins to the pneumococcal coat polysaccharide that causes pneumonia and invasive disease,” SK bioscience said, addi

Jul 2, 2023By Baek Byung-yeul
SK bioscience completes Phase 2 trial for pneumococcal vaccine
Tech & Science

Will AI save Naver, Kakao?

Kim Yoo-won, co-CEO of Naver Cloud, introduces the company's hyper-scale AI model HyperCLOVA X during the Naver DEVIEW developers' conference at the COEX convention center in Seoul, Feb. 27. Kim said recently that the company will unveil the AI model on Aug. 24. Courtesy of Naver.By Baek Byung-yeulNaver and Kakao are betting big on artificial intelligence (AI) services they are scheduled to release in the second half of this year to buoy falling company value amid intensifying competition with global rivals, high-interest rates and other unfavorable conditions, according to industry analysts and officials, Thursday.Naver and Kakao's stock prices rose from 2020 onward on expectations that online communication would be more vitalized during the COVID-19 pandemic and a favorable investment environment for tech companies with high future growth potential, but they had to give back their gains when interest rates began to rise last year.As of Thursday, Naver's stock price was closed at 183,400 won while Kakao's was closed at 49,000 won. These are about 25 percent and 30 percent decreases

Jun 29, 2023By Baek Byung-yeul
Will AI save Naver, Kakao?
Tech & Science

LG vows to become global automotive electronics leader by 2030

Employees of LG Electronics look at a photo exhibition shedding light on the company's vehicle component solutions (VS) unit's 10-year history, at LG Science Park in Seoul, Wednesday. The company said Thursday that it will become a leader in the global automotive electronics market by 2030. Courtesy of LG ElectronicsBy Baek Byung-yeulLG Electronics has vowed to become a global leader in the automotive electronics market at a time when demand for electric vehicles (EVs) and autonomous vehicles continues to increase, the company said Thursday.LG said this year marked the 10th anniversary of its vehicle component solutions (VS) unit, which supervises the in-vehicle infotainment system business, in 2013. The VS unit showed disappointing results in the early years, but it succeeded in turning a profit in 2022 and has become a solid profit source for the company, which has turned its focus toward selling home appliances.To commemorate the 10th anniversary of the VS unit, the company held a photo exhibition at LG Science Park in Seoul, for two days on Wednesday and Thursday, shedding light

Jun 29, 2023By Baek Byung-yeul
LG vows to become global automotive electronics leader by 2030
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