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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

Popular drama 'Reborn Rich' sparks interest in Samsung founder

A poster for JTBC drama “Reborn Rich” / Courtesy of JTBC By Baek Byung-yeulLee Byung-chull, the founder of Samsung Group, is in the spotlight once again thanks to the popular TV drama “Reborn Rich,” according to industry officials Monday. They said the fictional character Chairman Jin Yang-chul in the drama, who pushes forward with plans to nurture his company's semiconductor business, reminded viewers of the Samsung founder because Lee is the figure who grew Samsung's semiconductor business despite strong opposition from his executives.Chairman Jin's persistent push whenever he decides the group's future direction in the drama has been sparking young people's interest in Lee Byung-chull's life story, they added.“Reborn Rich” is a JTBC drama starring top actor Song Joong-ki, who dies in the present and is reincarnated in the past as Jin Do-joon, the youngest son of the owner family of Korea's top conglomerate Sunyang Group. As Jin knows what will happen in the futur

Dec 19, 2022By Baek Byung-yeul
Popular drama 'Reborn Rich' sparks interest in Samsung founder
Tech & Science

Danuri succeeds in 1st lunar flyby maneuver

Researchers at the Korea Aerospace Research Institute (KARI) monitor the Danuri's first lunar orbit insertion maneuver at the institute's operation control room in Daejeon, Dec. 17. Courtesy of KARIBy Baek Byung-yeulThe Danuri lunar orbiter, Korea's domestically developed lunar orbiter, succeed in the first of five planned maneuvers for a lunar orbit flyby on Saturday, the Korea Aerospace Research Institute (KARI) said Monday.“The KARI carried out the Danuri's first lunar orbit insertion (LOI) maneuver as planned at 2:45 a.m., Dec. 17,” the space agency said.“The first maneuver was the most important one to ensure that the Danuri is stably captured by the moon's gravity and does not overshoot the moon,” it added.The space agency previously said the LOI process was carried out by automatically executing commands sent to the Danuri in advance at a set time. But the progress before and after the LOI was monitored in real time on the ground.After the first LOI, the KARI analyzed orbit information for about two days and confirmed Monday that the Danuri reduced its

Dec 19, 2022By Baek Byung-yeul
Danuri succeeds in 1st lunar flyby maneuver
Tech & Science

Danuri enters moon's orbit

This photo taken by the Danuri lunar orbiter shows the earth and the moon on Nov. 28. The Ministry of Science and ICT said Thursday that the Danuri took the photo when the earth and the moon looked similar in size when viewed from the lunar orbiter. Courtesy of Ministry of Science and ICTBy Baek Byung-yeulThe Danuri lunar orbiter began entering the moon's orbit on Saturday, 135 days after Korea's domestically developed space vehicle was launched on Aug. 5, according to the Korea Aerospace Research Institute (KARI), Saturday.The KARI said that the Danuri performed its first of five lunar orbit insertion (LOI) maneuvers at 2:45 a.m. on Saturday. The maneuver involved the process of reducing its speed so that the Danuri could be stably captured by the moon's gravity.During the process of slowing down, the Danuri operated thrusters for around 13 minutes to decelerate its speed from about 8,000 kilometers per hour to 7,500 kilometers per hour to reach its target position.The KARI said the LOI process is a challenging task because the Danuri, which moves faster than a bullet, must enter th

Dec 18, 2022By Baek Byung-yeul
Danuri enters moon's orbit
Companies

Samsung, BMW boost ties in EV business

Lee Jae-yong, right, chairman of Samsung Electronics, and BMW CEO Oliver Zipse pose with BMW's i7 electric car at the BMW Driving Center in Yeongjongdo, Incheon, Saturday. Courtesy of Samsung ElectronicsBy Baek Byung-yeulSamsung and BMW are strengthening their ties in the electric vehicle (EV) business.Samsung Electronics Chairman Lee Jae-yong met with BMW CEO Oliver Zipse at the German carmaker's driving center in Yeongjongdo, Incheon west of Seoul. Lee has been strengthening Samsung's global network in the mobility sector. Their meeting came about six months after Lee met Zipse at BMW's headquarters in Germany.Samsung said Lee met with top management officials of the German automaker at the BMW Driving Center and had a chance to see the BMW i7, an EV variation of the flagship 7 Series sedan. The latest flagship EV is equipped with Samsung SDI's high-performance P5 battery.The meeting also featured Samsung SDI CEO Choi Yoon-ho, Jean-Philippe Parain, senior vice president of BMW, and Han Sang-yun, president of BMW Group Korea.The P5 battery has a 20 percent increase in energy density

Dec 18, 2022By Baek Byung-yeul
Samsung, BMW boost ties in EV business
Companies

Lotte's top management sees generational shift

From left are Lotte Hotels & Resorts CEO Lee Wan-shin, Lotte Confectionery CEO Yi Chang-yeop and Lotte Chemical Vice President Shin Yoo-yeol. Courtesy of Lotte GroupBy Baek Byung-yeulLotte Group promoted young leaders to top management posts in this year's reshuffle of executives as it seeks to make changes and revamp existing businesses in preparation for economic uncertainties in the coming years, the group said Thursday.Among the newly promoted executives, Shin Yoo-yeol, the oldest son of Lotte Group Chairman Shin Dong-bin, was promoted to vice president of Lotte Chemical from deputy vice president.Shin was recognized for his contribution to strengthening global cooperation in hydrogen energy and electrical material businesses, which have been focuses of the group. His promotion signals that the nation's fifth-largest conglomerate is beginning to undertake the management succession process. Also, Lotte Confectionery appointed an outside figure as its CEO and Lotte Members appointed a female executive as CEO in order to respond to growing business uncertainties and improve the

Dec 15, 2022By Baek Byung-yeul
Lotte's top management sees generational shift
Tech & Science

Danuri to slow down, enter moon's orbit

Researchers of the Korea Aerospace Research Institute (KARI) check the status of the lunar orbiter, the Danuri, in Daejeon, June 8. Courtesy of KARIKorea's lunar orbiter begins moon flyby on Dec. 17By Baek Byung-yeulThe Danuri, Korea's domestically developed lunar orbiter, will slow down its speed on Saturday to be captured by lunar gravity as part of its plan to enter the moon's orbit, according to the science ministry and the Korea Aerospace Research Institute (KARI), Thursday. Carried by SpaceX's Falcon 9 rocket, the Danuri was launched from Cape Canaveral Space Force Station in Florida, the United States on Aug. 5, and is scheduled to enter the moon's orbit at the end of December.To enter the orbit of the moon, the Ministry of Science and ICT said the Danuri will try to slow down its speed five times from Dec. 17 to Dec. 28, adding that it will be confirmed on Dec. 29 whether it has entered the lunar orbit.“The Danuri flew a total of 5.96 million kilometers on a preprogrammed ballistic lunar transfer trajectory toward the moon after its launch on Aug. 5. It will approach a

Dec 15, 2022By Baek Byung-yeul
Danuri to slow down, enter moon's orbit
Tech & Science

LG Display set to close LCD TV line in Paju

LG Display's Paju plant in Gyeonggi Province / Courtesy of LG DisplayCompany focuses on advanced OLEDs to fend off China threatBy Baek Byung-yeulLG Display is set to close its LCD TV panel-manufacturing plant in Paju, Gyeonggi Province this year as the company is losing its competitiveness in the flat display business due to Chinese rivals producing cheaper panels, according to industry sources, Wednesday.The display panel maker is expected to discontinue LCD TV panel production at its P7 plant this month, sources said. After completion in 2005, the P7 plant began producing LCD TVs in 2006, making LG Display a leading LCD producer.Though Korean display panel makers have led the global panel market for more than a decade, the booming LCD business had been declining since 2017 due to Chinese rivals flooding the market. The Chinese companies, which received enormous amounts of subsidies from the Chinese government, were able to provide LCDs at much cheaper prices.Consequently, the Chinese panel makers caused a supply glut of LCDs, leading LG Display to reduce its LCD production and shif

Dec 14, 2022By Baek Byung-yeul
LG Display set to close LCD TV line in Paju
Tech & Science

INTERVIEW Neubility seeks to captivate last-mile delivery market with self-driving robot

Neubility's self-driving delivery robot Neubie is introduced during Samsung Electronics' C-Lab Startup Demo Day at Samsung's R&D Campus in Seoul, Nov. 24. Courtesy of Samsung ElectronicsRobot startup CEO aims for global delivery marketBy Baek Byung-yeulSelf-driving robots are a growing business fueled by rising consumer demand for convenient deliveries.Lee Sang-min, CEO of local robot delivery startup Neubility, said he is confident that the robot delivery market will become a lucrative one as he believes robots as we have seen in the movies will make our daily lives more comfortable.“I have a goal of placing robots, which we saw in sci-fi movies, deep into our daily lives. My vision is to make robots do various services in our real life,” Lee told The Korea Times during a recent email interview.Neubility, a last-mile robot delivery platform startup, developed its own delivery robot Neubie and delivery platform service Neubiego. Last mile refers to the final stage of product delivery or movement of people. In line with the recent growth of e-commerce, the last mile ha

Dec 14, 2022By Baek Byung-yeul
[INTERVIEW] Neubility seeks to captivate last-mile delivery market with self-driving robot
Companies

SK Biopharmaceuticals to unveil wearable devices at CES 2023

Hwang Sung-gwan, vice president of SK Biopharmaceuticals' R&D Innovation, speaks during a press conference at the Koreana Hotel in Seoul, Wednesday. Courtesy of SK BiopharmaceuticalsBy Baek Byung-yeulSK Biopharmaceuticals will unveil wearable healthcare devices at the upcoming Consumer Electronics Show (CES) next month as part of its plan to advance into the digital healthcare business, its head of R&D said Wednesday. “The bio industry is changing by converging with ICT. We believe there will be a patient-centric period in the bio industry and we will try to lead the trend with our digital healthcare technology,” Hwang Sun-gwan, vice president of SK Biopharmaceuticals' R&D Innovation, said during a press conference in Seoul.SK Biopharmaceuticals said the CES, which will be held in Las Vegas from Jan. 5 to 8, will provide momentum for the company's drive to become a digital healthcare solutions company.To that end, the company said it is optimizing its business model and ecosystem under a business plan called Project Zero.“The project includes the develop

Dec 14, 2022By Baek Byung-yeul
SK Biopharmaceuticals to unveil wearable devices at CES 2023
Companies

'Godsaeng' becomes Instagram's keyword of the year in Korea

Kim Jin-ah, country director at Meta Korea, speaks during a press conference at the company's headquarters in Seoul, Tuesday. Courtesy of Meta KoreaBy Baek Byung-yeul“Godsaeng,” a newly-coined word referring to an exemplary and productive life, was the keyword of the year on Meta's social networking service, Instagram, in Korea, its Korean unit said Tuesday. Meta Korea held a press conference to announce the keywords, places and latest trends that Instagram users mentioned the most often in 2022.“This year, the word, 'godsaeng,' became a keyword on Instagram. It has been an impressive year for Instagram users who are constantly trying to develop themselves,” Kim Jin-ah, country director at Meta Korea, said.Godsaeng is a portmanteau of the English word, “god” (the Korean pronunciation of which, “gat,” is a word meaning “awesome”), and the Korean word, “saeng,” which means “life.” The new word has emerged as many young people are trying to live their lives as a model for others by diligently focusing on

Dec 13, 2022By Baek Byung-yeul
'Godsaeng' becomes Instagram's keyword of the year in Korea
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