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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

Danuri captures images of moon's surface

Seen is a photo of the moon's largest dark spot, also known as the Ocean of Storms, taken on Jan. 13 by a camera embedded in the Danuri lunar orbiter. On Monday, the science ministry unveiled photos that the Danuri took just 100 kilometers above the moon from Jan. 2 to Feb. 3. After completing a month-long test operation, the spacecraft began its scientific research on Feb. 4. Courtesy of Ministry of Science and ICTSeen is a photo of the Earth taken by the Danuri lunar orbiter for about a month from Jan. 6 to Feb. 4. The science ministry said Monday that the lunar orbiter photographed the Earth once a day to observe our planet's change of phase when observed from the moon. Courtesy of Ministry of Science and ICT 

Feb 13, 2023By Baek Byung-yeul
Danuri captures images of moon's surface
Companies

Will Medytox's legal win over Daewoong deal blow to Hugel?

Medytox CEO Jung Hyun-ho, left, and Hugel CEO Sohn Ji-hoon / YonhapBy Baek Byung-yeulMedytox's legal win over Daewoong Pharmaceutical is expected to shake up the local botulinum toxin (BTX) market, as Medytox, Korea's first Botox developer, is also embroiled in a legal tussle with another competitor, Hugel in the United States, over the BTX strain used to manufacture the cosmetics treatment, according to the companies, Monday.On Friday, the Seoul District Court sentenced that Daewoong's BTX products were developed by stealing Medytox's BTX strains and manufacturing processes. The court ordered Daewoong to pay 40 billion won ($31.3 million) in compensation to Medytox and prohibited the company from producing and selling its BTX products.Medytox has claimed that Daewoong stole its BTX strains, which Daewoong refuted, saying it found its own BTX strain in a barn in Gyeonggi Province.The lawsuit ended in its favor, but Medytox still has another legal battle with Hugel.In March 2022, Medytox field a lawsuit with the U.S. International Trade Commission (USITC) against Hugel, its partner Cr

Feb 13, 2023By Baek Byung-yeul
Will Medytox's legal win over Daewoong deal blow to Hugel?
Companies

POSCO celebrates return to normal operation of typhoon-hit facilities

Choi Jeong-woo, second from left, chairman of POSCO Group, poses with officials from state-run agencies and partner companies who took the lead in supporting the restoration of typhoon-hit steel mill, at its headquarters in Pohang, North Gyeongsang Province, Friday. Courtesy of POSCOBy Baek Byung-yeulPOSCO held an event to commemorate the completion of a 135-day-long restoration process of its main steel mill in Pohang, North Gyeongsang Province, which was severely damaged by Typhoon Hinnamnor last September, the steel maker said Sunday. “I would like to express my infinite gratitude to the citizens of Pohang who have always supported and encouraged us during the disaster recovery period.” “I also want to express gratitude to many people who provided bottled water, snacks, lunches and bread to the restoration site,” Choi Jeong-woo, chairman of POSCO Group, said during the event in the country's southeastern city, Friday.“POSCO will not forget their valuable help and take the lead in the economic development of Korea,” the chairman added.The event w

Feb 12, 2023By Baek Byung-yeul
POSCO celebrates return to normal operation of typhoon-hit facilities
Companies

Medytox wins botulinum toxin patent suit against Daewoong

Jung Hyun-ho, CEO of Medytox / Courtesy of MedytoxBy Baek Byung-yeulMedytox won a lawsuit against Daewoong Pharmaceutical on Friday over a botulinum toxin (BTX or Botox) patent. The two companies had locked horns over the origin of the BTX strain used to manufacture the cosmetic treatment.“Daewoong Pharmaceutical's Nabota was developed by stealing Medytox's botulinum toxin strains and manufacturing process,” the Seoul Central District Court said. Medytox filed a lawsuit in 2017 accusing Daewoong of stealing its BTX strain and manufacturing process.The court also prohibited Daewoong from manufacturing and selling its BTX products, such as Nabota, adding that the products that gave already been produced should also be discarded. Moreover, Daewoong was also ordered to pay 40 billion won ($31.5 million) in damage compensation to Medytox.Jeon Seng-ho, left, and Lee Chang-jae, co-CEOs of Daewoong Pharmaceutical / Courtesy of Daewoong PharmaceuticalOften described using the shortened name, Botox, the botulinum toxin is injected into the skin to treat wrinkles. Toxins extracted f

Feb 12, 2023By Baek Byung-yeul
Medytox wins botulinum toxin patent suit against Daewoong
Tech & Science

ANALYSIS Will ChatGPT provide new momentum to Samsung, SK?

A webpage of ChatGPT / Captured from ChatGPTRise of AI service could open new opportunities for Korean memory chipmakersBy Baek Byung-yeulSamsung Electronics and SK hynix are expected to benefit from emerging artificial intelligence (AI) services such as ChatGPT due to surging demand at processing centers for high-performance memory chips that can handle more data as AI technology becomes increasingly widespread, according to industry officials and analysts, Sunday.ChatGPT is a chatbot or conversational AI service launched by U.S.-based AI company OpenAI last November. Unlike previous chat-based AI services, ChatGPT has seen an explosive increase in demand across the world because it feels like talking to a real person with deep knowledge in a diverse range of topics.Experts said ChatGPT shows how AI can reach human-level capabilities through technological progress. The service has prompted IT giants such as Microsoft and Google to launch commercialized AI services.They added that ChatGPT not only induces changes at IT companies, but also brings enormous benefits to memory semiconduc

Feb 12, 2023By Baek Byung-yeul
[ANALYSIS] Will ChatGPT provide new momentum to Samsung, SK?
Companies

KT to overhaul CEO selection process amid NPS opposition

Ku Hyeon-mo, CEO of KT, speaks during the company's New Year's ceremony at its office in Songpa-gu, Seoul, Jan. 2. Courtesy of KTBy Baek Byung-yeulKT will change its CEO selection process with an open primary system, after the telecommunications company became embroiled in controversy over its board members' decision to reappoint the incumbent CEO Ku Hyeon-mo, according to the company, Thursday. The company's board members held a meeting and decided to screen the candidates for the next CEO again in an open primary system.Previously in December, the board members announced their recommendation of Ku as the final and sole candidate to lead the company for the next three years, but the National Pension Service (NPS), a major shareholder with a 9.99 percent stake, opposed the decision on the grounds of fairness in the selection process.“To meet the direction of improving the governance structure, demanded by major stakeholders, CEO Ku expressed his intention to compete openly again without insisting on the right to be the next CEO,” the company said is a statement. “Th

Feb 9, 2023By Baek Byung-yeul
KT to overhaul CEO selection process amid NPS opposition
Tech & Science

Never-satisfied attitude drives SK hynix engineers' DRAM technology innovation

Seen are members of SK hynix's LPDDR5T mobile DRAM development team, provided by the company, Wednesday. From left are Kim Hyun-seung, Kim Ki-ryong, Jeong Seung-hyun, Song Kyung-guen and Cho Sun-ki. Courtesy of SK hynixBy Baek Byung-yeulEngineers of SK hynix said Wednesday that they were able to develop LPDDR5T, the industry's fastest mobile DRAM memory chips, because they were not satisfied with the current technology and wanted to innovate it even more.The company announced in January that it developed Low Power Double Data Rate 5 Turbo (LPDDR5T) mobile DRAM, which operates at a data rate of 9.6 gigabits per second (Gbps), 13 percent faster than the previous generation called LPDDR5X, which was introduced in November 2022.SK hynix pointed out that the “T” at the end of the product name refers to “turbo” as it wants to emphasize the fast data processing speed of the memory chip. The company will begin mass production of the LPDDR5T in the second half of the year.The engineers said it was possible for them to announce the development of LPDDR5T, only about two

Feb 9, 2023By Baek Byung-yeul
Never-satisfied attitude drives SK hynix engineers' DRAM technology innovation
Tech & Science

LG CNS offers cloud service AM Discovery

Kim Hong-geun, chief account officer of LG CNS, introduces the company's AM Discovery cloud consulting service, Wednesday. Courtesy of LG CNSBy Baek Byung-yeulLG CNS began offering AM Discovery, a service enabling its cloud computing clients to utilize the latest cloud technologies, according to the IT service arm of LG Group, Thursday. The company said it held a seminar introducing its AM Discovery service on Wednesday. AM refers to application modernization. To meet the needs of customers, the service builds and improves applications using the latest cloud technology.With the AM service, new services or products tailored to consumers' needs can be quickly reflected in their IT system. It also minimizes the risk of functional failures because only the disrupted service can be fixed separately, LG CNS said.LG CNS said its AM Discovery can solve pain points for its clients as its service includes three innovative programs including AM consulting, innovation launching and AM enablement.AM consulting is a consulting service for clients who want to use AM in their existing IT systems. AM

Feb 9, 2023By Baek Byung-yeul
LG CNS offers cloud service AM Discovery
Companies

Nexon, NCSOFT hold course while Netmarble suffers loss

Visitors to Nexon's booth at G-STAR game show wait in line to try out the company's new games at the BEXCO convention center in Busan, Nov. 17, 2022. Korea Times photo by Baek Byung-yeulBy Baek Byung-yeulNexon, NCSOFT and Netmarble ― Korea's top game companies ― have shown mixed performances in their 2022 earnings based on the success of their new games, according to the companies, Thursday.Nexon, which garnered huge popularity last year with its new games such as belt scroll action game “Dungeon & Fighter Mobile” and multi-player role-playing game “HIT2,” said that it generated an operating profit of 995.2 billion won ($790 million) in 2022.The operating profit increased by 13 percent compared to 2021 thanks to the soaring popularity of “Dungeon & Fighter Mobile.” The action game, a Grand Prize winner at the 2022 Korea Game Awards, topped the sales chart of Apple's App Store five hours after its launch on April 24, 2022.NCSOFT also recorded 559 billion won in operating profit in 2022, up 49 percent year-on-year, thanks to the success of it

Feb 9, 2023By Baek Byung-yeul
Nexon, NCSOFT hold course while Netmarble suffers loss
Companies

S-Oil supports energy-poor households with 1 bil. won donation

S-Oil CEO Hussain A. Al-Qahtani, right, poses with Korea National Council on Social Welfare President Kim Soung-yee after donating 1 billion won to the council, Wednesday. Courtesy of S-OilBy Baek Byung-yeulS-Oil donated 1 billion won ($792,895) to the Korea National Council on Social Welfare to help vulnerable people who are suffering from the recent surge in heating costs this winter, according to the company, Wednesday. Hussain A. Al-Qahtani, CEO of S-Oil, delivered a check for 1 billion won to Kim Soung-yee, president of the Korea National Council on Social Welfare. S-Oil's donation will be used to support energy-vulnerable groups and welfare facilities, including families of grandparents and grandchildren without parents; senior citizens living alone; the disabled and multicultural families, the company said.“We hope this winter will help our economically challenged neighbors reduce their heating bills and keep them warm,” the S-Oil CEO said. “We will continue to expand sharing management by paying attention to our neighbors in need.”Despite the cold weat

Feb 8, 2023By Baek Byung-yeul
S-Oil supports energy-poor households with 1 bil. won donation
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