my timesThe Korea Times
baekby

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.

Go to Email

Read more

Tech & Science

AWS expands into financial cloud market in Korea

No Kung-fun, head of Financial Services Industry of AWS Korea, speaks during a press conference at the company's headquarters in Seoul, Wednesday. Korea Times photo by Baek Byung-yeulBy Baek Byung-yeulAmazon Web Services (AWS), a global top cloud computing service provider, is expanding its presence in Korea's financial market as customers look for flexibility in an increasingly uncertain market, an official at its Korean branch said Wednesday.“In 2019, regulation was revised to allow cloud services in the financial industry. The demand for digital financial services has exploded in the wake of the pandemic in 2020, and the government's launch of the MyData service last year, which allows customers to manage their own financial data, has increased demand for cloud from many financial customers,” No Kung-fun, head of Financial Services Industry of AWS Korea, said during a press conference in Seoul.No elaborated that as uncertainty grows in the markets, data-driven decision-making is increasingly important to companies in the financial sector, and cloud computing services t

Apr 26, 2023By Baek Byung-yeul
AWS expands into financial cloud market in Korea
Tech & Science

Samsung, SK in dilemma over US pressure not to boost chip output in China

President Yoon Suk Yeol and U.S. President Joe Biden take a look around Samsung Electronics' semiconductor factory in Pyeongtaek, Gyeonggi Province, under the guidance of Samsung Chairman Lee Jae-yong, third from left, May 20, 2022. YonhapGov't urged to take firm stand on Washington's requestBy Baek Byung-yeulKorea's top memory chipmakers ― Samsung Electronics and SK hynix ― are caught in the middle of an escalating U.S.-China semiconductor tussle, facing pressure from Washington to stop boosting semiconductor output in their largest market, China, according to industry experts, Tuesday. They urged the Korean government to take more steps to protect them, claiming it is going too far to tell for-profit companies to make business decisions based on the logic of a geopolitical power struggle.On Monday, the Financial Times reported that the U.S. government has asked the Korean government to prevent Korean chip companies from filling the shortage if China bans sales of American chipmaker Micron's memory chips.The U.S. request to Korea came after China began a security review of Micron, t

Apr 25, 2023By Baek Byung-yeul
Samsung, SK in dilemma over US pressure not to boost chip output in China
Companies

Hyundai Motor beats Samsung Electronics to become Korea's most profitable firm

Hyundai Motor's IONIQ 6 / Courtesy of Hyundai MotorHyundai Motor Group, SK On to build joint battery plant in GeorgiaBy Baek Byung-yeulHyundai Motor achieved a first quarter operating profit of 3.59 trillion won ($2.7 billion), edging out Samsung Electronics for the first time to becoming the most profitable company among listed firms here since the introduction of the International Financial Reporting Standards (IFRS) in 2009, according to the company Tuesday.In its first quarter earnings announcement, Hyundai Motor said sales rose 24.7 percent year-on-year to 37.7 trillion won, while operating profit increased 86.3 percent from a year ago.To improve its competitiveness in the growing electric vehicle (EV) market in the United States, Hyundai Motor Group will establish a battery cell plant in the U.S. State of Georgia with SK On.Hyundai Motor said it sold 1,021,712 cars around the world in the January-March period, a 13.2 percent increase from a year ago.“Sales in markets outside of Korea were up by 10.7 percent to 830,665 units, while sales in Korea increased 25.6 percent to

Apr 25, 2023By Baek Byung-yeul
Hyundai Motor beats Samsung Electronics to become Korea's most profitable firm
Companies

Samsung faces tough legal battle against Netlist

Samsung Electronics' chip production facility in Hwaseong, Gyeonggi Province / Courtesy of Samsung ElectronicsBy Baek Byung-yeulSamsung Electronics is facing a tough legal battle in the United States as it has been ordered by a jury to pay over $303 million to U.S. memory module company Netlist for infringing five patents. Given the Korean tech giant's first-quarter earnings were hit by a downturn in the global chip industry, the patent dispute compounds problems for the company, according to industry officials, Monday.On Friday, a jury in Texas deemed that Samsung must pay over $303 million to Netlist for the patent infringement. After a six-day trial, the jury reached the verdict that Samsung willfully infringed Netlist's patents.An official in the local chip industry said on condition of anonymity, “Samsung could end up having to pay a large amount in damage compensation or settlement to Netlist in the event of an unfavorable verdict.”“The lawsuit between Samsung and Netlist is not finalized and the end result remains to be seen. But, the amount of damage compens

Apr 24, 2023By Baek Byung-yeul
Samsung faces tough legal battle against Netlist
Companies

Samsung celebrates Earth Day

Samsung Electronics employees conduct a collection campaign for used mobile phones at a Samsung Electronics service center in Sao Paulo, Brazil, April 17. Courtesy of Samsung ElectronicsThe Samsung Electronics logo / Courtesy of Samsung ElectronicsBy Baek Byung-yeulSamsung Electronics conducted various eco-friendly campaigns around the world to raise awareness of the importance of environmental protection on the occasion of April 22 Earth Day, according to the company Sunday.To celebrate Earth Day, which was created in 1970 to help preserve our planet's environment, Samsung Electronics said it is organizing a campaign with employees and consumers to collect used mobile phones at its business sites in Korea from April 17 to May 12.In addition to Samsung Electronics, 10 affiliates have joined the campaign, including Samsung Display, Samsung Electro-Mechanics, Samsung SDS, Samsung C&T, Samsung Heavy Industries, and Samsung Biologics.“The campaign, which began in 2015, is held annually on the occasion of Earth Day to raise awareness of environmental protection and resource recy

Apr 24, 2023By Baek Byung-yeul
Samsung celebrates Earth Day
Companies

Korea puts Japan back on export whitelist

President Yoon Suk Yeol, left, and Japanese Prime Minister Fumio Kishida shake hands at the Japanese Prime Minister's office in Tokyo, March 16. Korea Times photo by Seo Jae-hoonBy Baek Byung-yeulThe government will put Japan back on its official export whitelist from today, which will enable the neighboring country to benefit from simplified export procedures, the trade ministry said, Friday.The move comes more than three years and seven months after Japan was removed from the whitelist in response its unilateral imposition of export restrictions on Korea in August 2019.“With the reinstatement of Japan to the whitelist of strategic goods export destinations, it is expected that procedural convenience will be enhanced by shortening the permit review period for Korean companies to export strategic goods to Japan from 15 days to 5 days and simplifying the number of documents to be submitted from 5 to 3,” the Ministry of Trade, Industry and Energy said.In 2019, Japan imposed curbs on the exports of three core materials to Korea used in the production of semiconductors and di

Apr 23, 2023By Baek Byung-yeul
Korea puts Japan back on export whitelist
Companies

Korea to invest $15 bil. in EV batteries by 2030

President Yoon Suk Yeol speaks during a national strategy meeting on the battery industry at Yeongbingwan, a reception hall at Cheong Wa Dae, the former presidential office and residence in Seoul, Thursday. YonhapNation aims to secure lead in solid-state batteriesBy Baek Byung-yeulKorea will invest 20 trillion won ($15.1 billion) in the electric vehicle (EV) battery industry by 2030 to turn it into a key component of the country's national security and strategic assets, along with semiconductors, and to secure a significant lead over rivals, President Yoon Suk Yeol said Thursday. Yoon made the comments while presiding over a national strategy meeting on the battery industry with officials from the government, industry and academia at Yeongbingwan, a reception hall in Cheong Wa Dae, the former presidential office and residence in Seoul.The president added that EV batteries are becoming more important, because they are at the center of the global race to attain technological supremacy.“Their importance is indescribable and they are at the center of today's global race for technol

Apr 20, 2023By Baek Byung-yeul
Korea to invest $15 bil. in EV batteries by 2030
Tech & Science

Hyundai Motor Group to make lunar roving vehicle

This concept image shows a lunar roving vehicle of Hyundai Motor Group conducting research activity on the moon. Courtesy of Hyundai Motor GroupBy Baek Byung-yeulHyundai Motor Group is extending its scope of business to space by developing lunar roving vehicles, according to the automotive giant, Thursday.The group said it has begun production of a development model of a lunar rover with domestic research institutes.They said its initiative to develop a rover for lunar exploration is aimed at contributing to the country's development of scientific research in the space sector.Starting with the development of this initial model, Hyundai Motor Group plans to continuously upgrade the technology so that it will have a product that can actually explore the lunar surface by 2027.Through discussions with local institutes, the automotive group finalized the initial model of the lunar roving vehicle, to land on the south pole of the moon and implement various scientific missions including mineral extraction and environmental analysis.“The concept of the lunar rover vehicle is a compact-

Apr 20, 2023By Baek Byung-yeul
Hyundai Motor Group to make lunar roving vehicle
Tech & Science

SK hynix develops industry's 1st 12-layer HBM3 DRAM

SK hynix's 12-layer HBM3 DRAM chips / Courtesy of SK hynixBy Baek Byung-yeulSK hynix successfully developed the industry's first 12-layer stacked high bandwidth memory (HBM3) chip, aiming to overcome the low demand for semiconductor products with its advanced technology, according to the memory chipmaker, Thursday.HBM is a high-value and high-performance memory chip that vertically interconnects multiple DRAM chips to increase data processing speed in comparison to traditional DRAM chips.HBM3 is the fourth-generation one, succeeding the previous generations of HBM, HBM2 and HBM2E. SK hynix developed the first-generation HBM in 2013 and drew industry attention for its crucial role in implementing a generative AI that operates in high-performance computing systems. The company said it expects the product to be in high demand in sectors such as artificial intelligence (AI) that require a high capacity and fast data processing, and is currently validating its performance with customers.“The company succeeded in developing the 24GB package product that increased memory capacity by 5

Apr 20, 2023By Baek Byung-yeul
SK hynix develops industry's 1st 12-layer HBM3 DRAM
Companies

Greenpeace urges Samsung, SK to increase greenhouse gas reduction efforts

Han Jong-hee, vice chairman of Samsung Electronics, delivers a speech on sustainability at the Consumer Electronics Show in Las Vegas, Jan. 5, 2022. Courtesy of Samsung ElectronicsBy Baek Byung-yeulGreenpeace urged Samsung Electronics, SK hynix and other semiconductor companies based in East Asia to increase their efforts concerning the reduction of greenhouse gas emissions. In addition, the environmental group said, Thursday, that these IT companies use too much electricity and emit greenhouse gases, and that more concrete efforts to reduce gas emissions are needed.The group said semiconductor manufacturers are among the most electricity-hungry sectors, adding that the industry is a major contributor to greenhouse gas emissions because most of the electricity supplied to power grids across East Asia is generated through the burning of fossil fuels.According to its report, Invisible Emissions, the chip industry's emissions are rising steeply as the industry is on track to consume 286 terawatt-hours of electricity globally by 2030, higher than that of Australia's entire electricity co

Apr 20, 2023By Baek Byung-yeul
Greenpeace urges Samsung, SK to increase greenhouse gas reduction efforts
previous page
128129130131132
next page

Top 5 stories

Korea Times
About Us
Introduction
History
Contact Us
Products & Services
Subscribe
E-paper
RSS Service
Content Sales
Site Map
Policy
Code of Ethics
Ombudsman
Privacy Policy
Youth Protection Policy
Terms of Service
Copyright Policy
Family Site
Hankookilbo
Dongwha Group
FacebookXYoutubeInstagram
CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.