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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 Biologics seeks to expand partnerships in New York

John Rim, CEO of Samsung Biologics, delivers a speech during the J.P. Morgan Healthcare Conference in San Francisco, Jan. 12. Samsung Biologics said Thursday the CEO will take part in DCAT Week, a global event in the bio and pharmaceutical industry, which will take place in New York, from March 20 to 23. Courtesy of Samsung BiologicsBy Baek Byung-yeulSamsung Biologics will take part in 2023 DCAT Week, a global event in the bio and pharmaceutical industry, which will take place in New York from March 20 to 23, in a bid to seek more partnerships, the company said Thursday.Hosted by the Drug, Chemical & Associated Technologies Association (DCAT), DCAT Week has been a representative networking event in the pharmaceutical industry since 1890.More than 90 percent of the participants are high-level executives who are directly in charge of making decisions, so the event is regarded as a place to intensively discuss partnerships between companies.A total of more than 700 companies and over 10,000 participants from around 50 countries joined the 2022 event and about 12,000 people are expec

Mar 16, 2023By Baek Byung-yeul
Samsung Biologics seeks to expand partnerships in New York
Tech & Science

Samsung Display launches service to identify its OLED screens on phones

Samsung Display introduces its OLED Finder service during the Mobile World Congress event in Barcelona from Feb. 27 to March 2. The display maker said Thursday that it launched the service to help customers check whether they are using a device equipped with the company's quality OLED display. Courtesy of Samsung DisplayBy Baek Byung-yeulSamsung Display launched a service that helps users to find out whether their smartphones are equipped with the company's organic light-emitting display (OLED) screens. Called OLED Finder, the service is part of the display maker's efforts to confirm that consumers are using its products, the company said on Thursday.The company said it launched the service at a time when more smartphones are increasingly adopting OLED displays. Through the website: oledera.samsungdisplay.com, users can find out whether their smartphones are equipped with Samsung's OLED displays when choosing their devices' brand and model names.Currently, the service can verify whether Samsung Display's OLED is installed in around 700 smartphone models from eight brands, such as Sam

Mar 16, 2023By Baek Byung-yeul
Samsung Display launches service to identify its OLED screens on phones
Companies

Samsung vows to turn crisis into opportunity by focusing on innovation

Han Jong-hee, vice chairman of Samsung Electronics, speaks during a shareholders' meeting at the Suwon Convention Center in Suwon, Gyeonggi Province, Wednesday. YonhapBy Baek Byung-yeulThe vice chairman of Samsung Electronics promised investors, Wednesday, that the tech giant will try to turn the crisis caused by the global economic slump into an opportunity by focusing on technological innovation.“The secret to overcoming crisis has always been the ordinary truth of focusing on the essence,” Han Jong-hee told investors during the company's shareholders' meeting in Suwon, Gyeonggi Province. “We will continue to create new value and possibilities so that our customers can enjoy a richer daily life through technology.”The vice chairman also expressed his gratitude to employees, partner companies and shareholders. “Samsung Electronics surpassed 300 trillion won ($230 billion) in sales for the first time last year despite the difficult conditions,” he said.“Samsung focused on steadily preparing the foundation for sustainable growth and strengthen

Mar 15, 2023By Baek Byung-yeul
Samsung vows to turn crisis into opportunity by focusing on innovation
Companies

LG Innotek CEO receives Gold Tower Industrial Service Merit

Jeong Cheol-dong, right, CEO of LG Innotek, poses with Lee Chang-yang, minister of the Ministry of Trade, Industry and Energy, after receiving the Gold Tower Order of Industrial Service Merit during the 50th Commerce and Industry Day ceremony at the Korea Chamber of Commerce and Industry's building in Seoul, Wednesday. YonhapBy Baek Byung-yeulJeong Cheol-dong, president and CEO of LG Innotek, won the Gold Tower Order of Industrial Service Merit given by the government to those who made significant contributions to the development of the country's economy, according to the company, Wednesday.The Gold Tower Order of Industrial Service Merit is the highest among the five orders and is given to leaders of companies that have shown outstanding achievements in increasing exports, localizing materials, parts and equipment and establishing a win-win growth ecosystem with small companies.“The CEO won the highest honor for his contribution to strengthening the competitiveness of the national industry by securing proprietary technologies in the materials and parts industries, developing n

Mar 15, 2023By Baek Byung-yeul
LG Innotek CEO receives Gold Tower Industrial Service Merit
Companies

Samsung to invest $46.2 billion over next decade for regional growth

Lee Jae-yong, right, chairman of Samsung Electronics, tours the facilities of Dong-A Plating in Busan, Nov. 8, 2022 as the plating company established a smart plant system with help from Samsung. Samsung Group said Wednesday that it will spend 60.1 trillion won for balanced regional growth to strengthen the ecosystem of local industries. Courtesy of Samsung Electronics By Baek Byung-yeulSamsung Electronics and other affiliates of Samsung Group will invest a total of 60.1 trillion won ($46.2 billion) over the next 10 years in the Chungcheong, Gyeongsang and Jeolla regions to support the balanced regional development of local industries, the nation's top conglomerate said Wednesday.“Samsung brought up the investment plan to contribute to strengthening the ecosystem of the local industries by enhancing the competitiveness of local companies, creating quality jobs in each region and promoting locally specialized industry items,” the group said.To that end, the conglomer

Mar 15, 2023By Baek Byung-yeul
Samsung to invest $46.2 billion over next decade for regional growth
  • Korea to build $229 bil. mega chip cluster in Seoul metro area by 2042
Tech & Science

KAIST develops ultra-fast PIM chip for AI service

A demonstration using DynaPlasia PIM semiconductor, developed by a research team at Korea Advanced Institute of Science and Technology (KAIST), is shown in this photo, Tuesday. Courtesy of KAISTBy Baek Byung-yeulA research team at Korea Advanced Institute of Science and Technology (KAIST) developed a processing-in-memory (PIM) chip that added an arithmetic unit for the first time in the industry, which could be utilized as a memory chip for artificial intelligence (AI) services that require high-performance data processing, the Ministry of Science and ICT said Tuesday.The research team, led by Yoo Hoi-jun, ICT endowed chair professor at KAIST, said its PIM chip called DynaPlasia, equipped with processors that perform calculations, has a data processing speed 15 times faster than existing PIM chips and consumes less power.PIM is the latest memory chip that combines processors with memory functions. DRAM-based PIMs have already been introduced by companies such as Samsung Electronics and SK Hynix, but their products are digital DRAM-PIM that place software-implemented processors outsid

Mar 14, 2023By Baek Byung-yeul
KAIST develops ultra-fast PIM chip for AI service
Tech & Science

LG CNS partners with SAP for ERP business

LG CNS CEO Hyun Shin-gyoon, right, poses with SAP CEO Christian Klein after agreeing to jointly develop an ERP system at SAP headquarters in Germany, March 10. Courtesy of LG CNSBy Baek Byung-yeulLG CNS signed a partnership deal with German software company SAP to jointly develop a next-generation enterprise resource planning (ERP) software system, according to the IT service arm of LG Group, Tuesday.On March 10, its CEO Hyun Shin-gyoon went to SAP headquarters in Germany to sign a strategic partnership agreement with SAP CEO Christian Klein.Under the agreement, the two companies will launch a next-generation ERP development project by utilizing SAP's S/4HANA ERP system. SAP is a global leader in the ERP market.“Using SAP's S/4HANA ERP solution, the two companies will develop and operate a next-generation ERP system customized for Korean companies,” LG CNS said. The company added that the two will also seek new business opportunities.“The S/4HANA-based project will first be applied to Korean companies including LG Group affiliates and will be expanded to the global

Mar 14, 2023By Baek Byung-yeul
LG CNS partners with SAP for ERP business
Companies

LG Uplus offers foreign language chat service

An LG Uplus foreigner assistance team member provides chat consultation services to customers in Vietnamese, Tuesday. Courtesy of LG UplusBy Baek Byung-yeulLG Uplus has introduced a chat service in four foreign languages ― English, Chinese, Vietnamese and Russian ― to help overseas customers use its telecom services, the mobile carrier said Tuesday. The company introduced its telephone interpretation service in English, Chinese and Vietnamese as the number of foreigners entering Korea continues to increase.As the number of foreign nationals visiting Korea is expected to keep increasing due to the easing of COVID-19 quarantine measures, the company launched a foreign language chat consulting service this year. During a two-month operation test, the company saw a growing need for this kind of chat service as more than 1,000 consultations were conducted.The foreign language chat service is available in four languages, and other languages can also be provided using Google Translate. The chat service is offered by professional customer service assistants from Russia, China and Vietnam who

Mar 14, 2023By Baek Byung-yeul
LG Uplus offers foreign language chat service
Tech & Science

LG Display promotes gaming OLED

Bae Jae-min, a member of pro esports club DRX best known by the username Knee, plays fighting game Tekken using a monitor that uses LG Display's OLED technology, Tuesday. LG Display said it became a sponsor of DRX to promote the superior quality of its OLED. The company noted that its OLED screen is optimized for gameplay because of its fast response speed and smooth movement. Courtesy of LG Display 

Mar 14, 2023By Baek Byung-yeul
LG Display promotes gaming OLED
Companies

Dispute over stock inheritance erupts at LG

LG Group's headquarters in Yeouido, Seoul / YonhapBy Baek Byung-yeulKoo Kwang-mo, chairman of LG Group, Korea's fourth-largest conglomerate, has been embroiled in an inheritance dispute over the ownership of late Chairman Koo Bon-moo's shares.Industry experts said Monday that the dispute erupted even though LG has traditionally handed over power to the chairman's eldest son.“According to the law here, the deceased's estate shall be divided equally among the heirs while the surviving spouse inherits an additional 50 percent share, which means the spouse receives 1.5 shares and each child inherits 1 share. The spouse and the two daughters are raising the issue that LG Corp.'s stake held by the late chairman was not evenly distributed,” Kim Dae-jong, a professor of business administration at Sejong University, said.In February, the chairman's mother, Kim Young-sik, and his two sisters, Koo Yeon-kyung, the chief of LG Welfare Foundation, and Koo Yeon-soo, filed a lawsuit with the Seoul Western District Court requesting the estate of the late chairman to be redistributed equal

Mar 13, 2023By Baek Byung-yeul
Dispute over stock inheritance erupts at LG
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