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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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Companies

Samsung SDS expands into global supply chain software biz

Samsung SDS CEO Hwang Sung-woo, center, poses with o9 Solutions co-founders Chakri Gottemukkala, left, and Sanjiv Sidhu, second from left, Thursday. Courtesy of Samsung SDSBy Baek Byung-yeulSamsung SDS will team up with U.S. and Korean companies to jointly develop and sell global procurement supply chain management software-as-a-service (SaaS) solutions, the Korean IT company said, Thursday. The partners are U.S. supply chain platform company o9 Solutions and Korean supplier relationship management (SRM) company Emro.Samsung SDS said it is expanding in this area because companies' demand for superior software for supply chain management is growing at a time when the COVID-19 pandemic and geopolitical risks have highlighted the importance of supply chain management.The three companies plan to complete the development of the software by the end of the year and start offering it worldwide next year.Samsung SDS acquired a stake in Emro in March. The collaboration also brings o9 Solutions' global SaaS platform and global footprint to the table.“The strategic collaboration between th

May 11, 2023By Baek Byung-yeul
Samsung SDS expands into global supply chain software biz
Tech & Science

Korea urged to dive deeper into space industry, beef up partnership with US: experts

Yang Jae-seok, right an attorney at D'LIGHT Law Group, speaks during a space industry seminar in Seoul, Wednesday. Courtesy of D'LIGHT Law GroupBy Baek Byung-yeulAmid growing interest in space following the success of the Nuri launch vehicle and the Danuri lunar orbiter, experts said Wednesday that the space industry will be one of the major drivers of Korea's industrial development in the future.While President Yoon Suk Yeol's state visit to the United States last month led to a decision to strengthen cooperation with Washington in the space sector, such as lunar exploration and deep space communications, they added Korea needs to further strengthen partnerships with the U.S., which leads the industry.“The space industry has been dominated by the U.S. The reason for this is that the U.S. has the most space assets in the world and obviously it wants to control the hegemony of the space industry,” Park Si-soo, CEO of Spaceradar, a local space market intelligence provider, said during a seminar on the current state of the space industry held in Seoul. The seminar was hosted

May 11, 2023By Baek Byung-yeul
Korea urged to dive deeper into space industry, beef up partnership with US: experts
Tech & Science

Desire to use AI outweighs job insecurity fears: Microsoft

Lee Ji-eun, CEO of Microsoft Korea, speaks during a press conference at the company's headquarters in Seoul, Wednesday. Courtesy of Microsoft KoreaBy Baek Byung-yeulMany people are worrying that artificial intelligence (AI) will lead to job insecurity, but at the same time, they also want to hand over as much work as possible to AI so as to reduce their workloads, Microsoft Korea said Wednesday.Microsoft shared its findings from its annual report, the 2023 edition of the Work Trend Index, which is based on a survey of 31,000 people from 31 countries including Korea. The index showed a workplace revolution of AI services coming to the fore for a growing number of people, the company said.While 59 percent of respondents said they fear losing their jobs due to AI, 70 percent said they plan to hand over as many tasks as possible to AI. They also said that they would use AI not only for administrative tasks, but also for analytical and creative tasks too.This trend was also similar among group leaders, Microsoft said. When they were asked about the benefits of AI in the workplace, 31 perc

May 10, 2023By Baek Byung-yeul
Desire to use AI outweighs job insecurity fears: Microsoft
Companies

Korea goes all out to secure chip prowess

Science and ICT Minister Lee Jong-ho speaks during a press conference at the L Tower in Seoul, Tuesday. YonhapGov't announces roadmap for chip tech developmentBy Baek Byung-yeulThe government on Tuesday announced a roadmap for semiconductor technology to ensure that Korea maintains its technological edge in the industry over the next decade amid increasingly fierce global competition. It also announced a public-private council aimed at advancing technology in the memory, foundry and system semiconductor sectors.The roadmap includes a 10-year plan to secure core technologies such as next-generation memory semiconductors, chip design technologies for AI, 6G, power and vehicles and the development of micronizing and packaging technologies.The Ministry of Science and ICT said work began on establishing the roadmap in May 2022 with the participation of industry, academia, researchers and government. The ICT ministry said it will continue to upgrade the roadmap and set the direction for R&D.The government previously announced R&D strategies for three key technologies, including sem

May 9, 2023By Baek Byung-yeul
Korea goes all out to secure chip prowess
Tech & Science

German chip company Infineon unveils new automotive chips

Choi Jae-hong, senior director of Infineon Technologies Korea, speaks during a press conference at Lotte Hotel World in Seoul, Tuesday. Korea Times photo by Baek Byung-yeulBy Baek Byung-yeulInfineon Technologies, a Germany-based semiconductor company specializing in automotive chips, announced a new low-power double data rate (LPDDR) flash memory chip for vehicles, Tuesday.With low- and high-performance, LPDDR chips have been increasingly used not only in mobile devices but also in a variety of applications including servers, high-performance computing and vehicles.Infineon's SEMPER X1 is the automotive industry's first LPDDR flash memory chip, featuring an LPDDR4 interface that operates at speeds of up to 3.2 gigabytes per second. Compared to NOR flash memory chips, the new chip is eight times faster. Using this memory in vehicles enables advanced features with better safety and flexibility, Infineon said.Linus Wong, director of product management at Infineon Technologies, speaks during a press conference at Lotte Hotel World in Seoul, Tuesday. Korea Times photo by Baek Byung-yeulAs

May 9, 2023By Baek Byung-yeul
German chip company Infineon unveils new automotive chips
Companies

SK bioscience to produce MSD's Ebola vaccine candidate

Chey Chang-won, right, vice chairman of SK discovery, parent company of SK bioscience, poses with MSD Executive Vice President Sanat Chattopadhyay, left, and Vice Minister of Health and Welfare Park Min-soo in Seoul after signing a manufacturing agreement in this photo provided by SK bioscience, Monday. Courtesy of SK bioscienceBy Baek Byung-yeulSK bioscience, a local vaccine developer and manufacturer, signed a contract manufacturing organization (CMO) agreement with global healthcare company MSD for the production of its next-generation Zaire Ebola vaccine, according to the company, Monday.MSD has been working with Hilleman Laboratories, an international nonprofit research organization, to develop a next-generation Zaire Ebola vaccine candidate. They are improving process efficiency and thermal stability of ERVEBO, the currently approved and in-use Zaire Ebola vaccine.If the candidate is successfully developed and approved by regulatory authorities, it will be produced by SK bioscience's L House vaccine plant in Andong, North Gyeongsang Province, and supplied to international organ

May 8, 2023By Baek Byung-yeul
SK bioscience to produce MSD's Ebola vaccine candidate
Tech & Science

Naver to launch HyperCLOVA X AI service to rival ChatGPT

Naver CEO Choi Soo-yeon / Courtesy of NaverQ1 operating profit rises 9.5% to $254 millionBy Baek Byung-yeulNaver will launch a hyperscale artificial intelligence (AI) service called HyperCLOVA X this summer, taking a cue from the explosive popularity of generative AI services like OpenAI's ChatGPT, according to its CEO, Monday.“To create a competitive domestic hyperscale AI ecosystem, we will launch the next generation of hyperscale AI HyperCLOVA X this summer,” Choi Soo-yeon, CEO of Naver, told investors during a conference call after releasing the company's first-quarter earnings results.“HyperCLOVA X is the world's third-largest Korean language learning model and the first in Korea,” the CEO said. “HyperCLOVA X delivers high performance at more than a quarter of the cost of other service providers, while still being able to understand images and speech. It can answer questions with calculators, maps and other functional APIs (application programming interfaces).”Naver has said it has been developing its own generative AI service. While ChatGPT a

May 8, 2023By Baek Byung-yeul
Naver to launch HyperCLOVA X AI service to rival ChatGPT
Companies

Samsung chief seeks cooperation with US biotech firms

Lee Jae-yong, left, chairman of Samsung Electronics and leader of Samsung Group, poses with Noubar Afeyan, co-founder and chairman of Moderna and founder and CEO of Flagship Pioneering, during their meeting in Cambridge, Mass., Nov. 16, 2021. Samsung said Sunday that Lee had a meeting with Afeyan and other bio CEOs during his April-May 2023 visit to the U.S. Courtesy of Samsung ElectronicsBy Baek Byung-yeulSamsung Group is seeking to expand cooperation with innovative biotech companies in the United States as Chairman Lee Jae-yong held a series of meetings with the CEOs of bio companies there, Samsung said Sunday.Korea's largest conglomerate added the bio sector as a business that Lee aims to foster as the group's flagship business. Lee also wants to discover new business opportunities in the field through these meetings.Samsung said Lee recently held a series of meetings with the CEOs of big biopharmaceutical companies and bio venture incubation companies in the eastern part of the U.S., known as the world's largest bio cluster.The figures Lee had meetings with are Joaquin Duato, CE

May 7, 2023By Baek Byung-yeul
Samsung chief seeks cooperation with US biotech firms
Tech & Science

Nuri rocket to carry multi-purpose satellites when launched on May 24

The Nuri space launch vehicle is seen at Naro Space Center in Goheung, South Jeolla Province, May 3. Courtesy of KARIBy Baek Byung-yeulGOHEUNG ― Preparations for the third launch of the Nuri rocket, scheduled for May 24, are smoothly underway at the Naro Space Center in the southwestern county of Goheung, according to the Ministry of Science and ICT and Korea Aerospace Research Institute (KARI), May 3.Given the first and second launches were test flights, they said that the May 24 launch is significant in that Nuri will carry out the mission of placing eight satellites that are to be utilized for scientific research purposes into space orbit.In its first launch on October 21, 2021, the Nuri rocket, also known as Korean Space Launch Vehicle II (KSLV-II), failed to place a dummy satellite into orbit.However, its second launch on June 21, 2022, saw Nuri successfully place a dummy satellite and a performance verification satellite into a low orbit of 700 kilometers above the Earth, making Korea the seventh nation in the world to launch a space rocket using domestically developed technolo

May 7, 2023By Baek Byung-yeul
Nuri rocket to carry multi-purpose satellites when launched on May 24
Tech & Science

Krafton strives to root out Chinese copycat in US

An image of Krafton's online shooting game “PUBG: BATTLEGROUNDS” / Courtesy of KraftonCH Kim, CEO of Krafton / Courtesy of KraftonBy Baek Byung-yeulA hearing has begun on a lawsuit filed in a U.S. court in 2020 by Krafton, a Korean game company, accusing Chinese game maker, NetEase, of infringing on the copyright of the popular multiplayer online battle game, “PUBG: BATTLEGROUNDS,” according to industry officials, Thursday.The two companies have been locked in a legal battle since 2018 over intellectual property (IP) infringement of Krafton's BATTLEGROUNDS.Krafton filed a lawsuit in the U.S. against NetEase in May, 2018, alleging that the Chinese game company released the games, “Knives Out” and “Rules of Survival,” which infringed on the Korean company's copyright.In March of the following year, the two sides agreed on a settlement. However, the second round of litigation between the two sides began in March 2020 as Krafton filed a new lawsuit claiming that the Chinese company had breached the settlement agreement.After Krafton obtaine

May 4, 2023By Baek Byung-yeul
Krafton strives to root out Chinese copycat in US
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