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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

Korea is latecomer in quantum technology, but not too late: IonQ CTO

Jungsang Kim, co-founder and CTO of IonQ, speaks during an interview with The Korea Times at Dongdaemun Design Plaza in Seoul, Wednesday. Courtesy of IonQBy Baek Byung-yeulKorea was late to join the quantum computing race, but the sector, which is expected to be a game-changer like the internet and AI, is still in the early stages of development and the country can still get ahead of the curve if it gets the jump on applications that will be used in the next few years, the co-founder of a U.S.-based quantum computing company said Wednesday.“Korea was definitely a late starter to the basic R&D of quantum computing technology. The United States and Europe started to begin their R&D in the mid-90s while Korea started seven or eight years ago,” Jungsang Kim, co-founder and chief technology officer of IonQ, told The Korea Times during an interview in Seoul.“However, what's more important is to have a proactive vision of the services we'll be using in a few years, when people aren't even thinking about it yet. If Korean companies and researchers think about whethe

Jun 28, 2023By Baek Byung-yeul
Korea is latecomer in quantum technology, but not too late: IonQ CTO
Tech & Science

Samsung Electronics to start mass production of 2nm mobile chips in 2025

Choi Si-young, president and general manager of foundry business at Samsung Electronics' Device Solutions Division, speaks during the Samsung Foundry Forum in San Jose, Calif., Tuesday (local time). Courtesy of Samsung ElectronicsBy Baek Byung-yeulSamsung Electronics plans to catch up with Taiwan's TSMC in the foundry business by starting mass production of 2-nanometer mobile chips in 2025, the Korean chip giant announced at the Samsung Foundry Forum held in San Jose, Calif., Tuesday (local time).During the forum, Samsung said it will continue to expand the use of the 2-nanometer process to high-performance computing (HPC) chips in 2026 and automotive semiconductors in 2027.This is the first time that Samsung shared a detailed roadmap of mass production using the 2-nanometer process, although the company announced in 2022 that it would begin producing chips using the process in 2025 and the 1.4-nanometer process in 2027.The lower the number, the more advanced the semiconductor process. Mass production using the 1.4-nanometer process will begin in 2027 as planned, the company said.The

Jun 28, 2023By Baek Byung-yeul
Samsung Electronics to start mass production of 2nm mobile chips in 2025
Tech & Science

Korea extends Danuri lunar orbiter's mission period by 2 years to 2025

Seen is Vallis Schrodinger, a long and narrow valley on the far side of the moon. The Danuri lunar orbiter photographed the valley on March 24. The science ministry said Tuesday that it will extend Danuri's exploration period by two years to the end of 2025 from the end of 2023. Courtesy of Ministry of Science and ICTBy Baek Byung-yeulThe exploration period of Danuri, the country's first lunar orbiter, will be extended for two more years to the end of 2025 from the end of 2023, the science ministry said Tuesday, explaining that the lunar orbiter consumed less fuel than expected while traveling from the Earth to the moon. The Ministry of Science and ICT and the Korea Aerospace Research Institute (KARI) held a lunar exploration project implementation committee and announced that the Danuri's mission period has been extended to three years from January 2023 to December 2025. It was originally planned that the satellite would conduct exploration while in lunar orbit for one year.The science ministry said researchers have asked for an extension of the mission because the lunar orbiter has

Jun 27, 2023By Baek Byung-yeul
Korea extends Danuri lunar orbiter's mission period by 2 years to 2025
Companies

Samsung, 4 major banks to foster fintech software developers

Park Hark-kyu, third from left, president and head of corporate management at Samsung Electronics, poses with CEOs of major banks and the chairman of an NGO, during an agreement-signing ceremony for enhancing youth employment competitiveness and fostering digital technology professionals at Samsung Software Academy For Youth's Seoul Campus, Monday. From left are Woori Bank CEO Lee Won-duk, KB Kookmin Bank CEO Lee Jae-keun, Park, Shinhan Bank CEO Jung Sang-hyuk, Hana Bank CEO CEO Lee Seung-yeul and Future For Youth Foundation Chairman Lee Hoon-kyu. Courtesy of Samsung ElectronicsBy Baek Byung-yeulSamsung Group will foster computer software developers for the financial sector in collaboration with four major banks ― Shinhan Bank, KB Kookmin Bank, Hana Bank and Woori Bank ― in order to jointly resolve youth unemployment and help develop the country's IT capabilities, they said Monday. They forged a business agreement to enhance youth employment competitiveness and foster digital technology professionals at Samsung Software Academy For Youth's (SSAFY) Seoul Campus. The four banks involve

Jun 26, 2023By Baek Byung-yeul
Samsung, 4 major banks to foster fintech software developers
Tech & Science

Samsung going after SK hynix in AI memory chips

Samsung's HBM-PIM memory chip, a high-bandwidth memory chip integrated with AI processing power / Courtesy of Samsung ElectronicsBy Baek Byung-yeulSamsung Electronics will begin mass-producing high-bandwidth memory (HBM) chips for the booming artificial intelligence (AI) market in the second half of this year to catch up with SK hynix, the market leader in the nascent AI memory chip market, according to industry analysts, Monday.As the market for generative AI services continues to grow, HBM chips used for AI servers are gaining traction in the memory chip industry, which has been struggling with falling demand. By vertically connecting multiple DRAMs, HBM has superior performance, in terms of data processing speeds, over conventional DRAM. It is, however, more expensive at around two to three times the price of a standard DRAM.Industry analysts see the products will be increasingly used because AI services must be supported by high-performance and high-capacity DRAM to be implemented properly.SK hynix is currently leading the HBM market. According to market tracker TrendForce, SK ha

Jun 26, 2023By Baek Byung-yeul
Samsung going after SK hynix in AI memory chips
Companies

Korea, Vietnam agree to expand bilateral trade to $150. bil. by 2030

President Yoon Suk Yeol speaks during the Korea- Vietnam Business Forum held at a hotel in Hanoi, Vietnam, Friday. Joint Press Corps. Two nations also sign MOUs to bolster ties in tackling supply chains, climate change By Baek Byung-yeulKorea and Vietnam agreed to expand economic cooperation by signing an agreement to increase bilateral trade to $150 billion by 2030 on the sidelines of President's Yoon Suk Yeol's visit to the Southeast Asian country, according to the industry ministry, Friday.The two countries also signed a memorandum of understanding (MOU) to stabilize supply chains for key minerals and work together on climate change response, the ministry said.The Ministry of Trade, Industry and Energy said that it signed the three deals with Vietnam's Ministry of Industry and Trade in the presence of President Yoon Suk Yeol and Vietnamese President Vo Van Thuong at the presidential palace in Hanoi.The industry ministry said the three MOUs were signed by the indu

Jun 23, 2023By Baek Byung-yeul
Korea, Vietnam agree to expand bilateral trade to $150. bil. by 2030
  • 'S. Korea to work with Vietnam to counter NK threats,' says Yoon
  • Yoon promotes Expo bid in France, seeks stronger ties with Vietnam
Tech & Science

Gov't to help youth in institutional care become independent through digital education

Lee Ju-ho, center, deputy prime minister and education minister, speaks during a Ministerial Conference on Social Relations at the Government Complex in Seoul, Friday. The Ministry of Science and ICT announced that it will support digital education for children in institutional care to bridge the education gap and help them become independent. YonhapBy Baek Byung-yeulThe government will support digital education for young people emerging from institutional care to independence, to bridge education gaps and help with the multitude of life challenges they face, the ICT ministry said Friday.During a Ministerial Conference on Social Relations held at the Government Complex in Seoul, the Ministry of Science and ICT announced the support measure.Around 2,000 young people under the protection of institutional care prepare for independence at the age of 18 every year. But they face difficulties due in part to a lack of social support systems, the ICT ministry said.“The measures are designed to support youth in the digital sector amid the government's growing interest and policies, incl

Jun 23, 2023By Baek Byung-yeul
Gov't to help youth in institutional care become independent through digital education
Companies

Kakao Healthcare to launch glucose managing service with Dexcom

Kakao Healthcare CEO Hwang Hee, second from right, poses with, Dexcom Executive Vice President of Global Revenue Paul Flynn, left, Dexcom Executive Vice President and Chief Financial Officer Jereme Sylvain, second from left, and Dexcom Senior Vice President of Strategy, Corporate Development and New Markets Matt Dolan, right, at Dexcom's headquarters in San Diego, after signing a global collaboration agreement, Tuesday (local time). Courtesy of Kakao Healthcare By Baek Byung-yeulKakao Healthcare will launch a glucose managing service in the global market including the United States, Korea, Japan and the Middle East in collaboration with the U.S.-based glucose monitoring device maker Dexcom, the health care subsidiary of Kakao said Thursday.Kakao Healthcare and Dexcom signed a memorandum of understanding in Boston in April to pursue global joint business. They have further developed this agreement and signed a global collaboration agreement this time, under which the

Jun 22, 2023By Baek Byung-yeul
Kakao Healthcare to launch glucose managing service with Dexcom
Tech & Science

NHN Cloud CEO vows to achieve $155 million in sales this year

Kim Dong-hoon, CEO of NHN Cloud, speaks during a press conference at the COEX convention center in Seoul, Thursday. Korea Times photo by Baek Byung-yeulBy Baek Byung-yeulNHN Cloud, a local cloud computing service provider, vowed to achieve annual sales of 200 billion won ($155 million), up 25 percent from its 2022 performance of 160 billion won by focusing on domestic government agencies and financial cloud markets, according to its CEO, Thursday.“It's been a little over a year since NHN Cloud was established in April last year,” Kim Dong-hoon, CEO of NHN Cloud, said during a press conference in Seoul. “The biggest significance was that we became a unicorn company with an enterprise value of over 1 trillion won. Our sales in 2022 reached 160 billion won, with 30 percent coming from NHN Group's affiliates and about 70 percent from the public market.”“Although the external market situation is not good and the government's related budget is currently reduced, we are aiming for about 200 billion won this year. So far, we have secured around 5,000 customers,

Jun 22, 2023By Baek Byung-yeul
NHN Cloud CEO vows to achieve $155 million in sales this year
Tech & Science

Naver, SK Telecom clash over AI manpower

Chung Suk-geun, former CEO of Naver CLOVA and current CEO of SK Telecom Americas / Courtesy of NaverBy Baek Byung-yeulNaver and SK Telecom are clashing over hiring artificial intelligence (AI) experts as the race to develop AI-based services intensifies, according to company officials, Wednesday. Naver Cloud, Naver's subsidiary that supervises its AI business, said it served notice to SK Telecom through a law firm on June 15, asking the mobile carrier to refrain from headhunting its AI development professionals.The letter stated that it could not tolerate a situation in which SK Telecom was serially recruiting its senior employees, including former Naver CLOVA CEO Chung Suk-geun as CEO of its U.S. subsidiary SK Telecom Americas. Chung was known for his contributions to the development of Naver's hyper-scale language model HyperCLOVA. A Naver Cloud spokesperson said that five senior employees who worked with Chung have also submitted their resignations in order to move to SK Telecom.“Five leadership-level employees who worked with Chung have resigned. Some of them are veteran em

Jun 21, 2023By Baek Byung-yeul
Naver, SK Telecom clash over AI manpower
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