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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

SK hynix's new plant in Yongin to pick up speed

SK hynix co-CEO Kwak Noh-jung, front row second from right, signs an agreement to cooperate in creating a semiconductor industrial complex with Yeoju Mayor Lee Choong-woo, front row third from right, at the National Assembly in Seoul, Monday. YonhapChipmaker solves dispute over water use By Baek Byung-yeulSK hynix solved a problem that has hindered the global-leading chipmaker from building new plants in Yongin, Gyeonggi Province, by striking an agreement to take in industrial water from the nearby city of Yeoju, according to the Ministry of Trade, Industry and Energy, Monday. The industry ministry said SK hynix, Yeoju City and Korea Land & Housing Corporation (LH) signed a memorandum of understanding (MOU) for mutual growth at the National Assembly.In 2019, the government announced its plan to create a semiconductor cluster in Yongin, featuring 50 chip companies including SK hynix. The company said it would invest 120 trillion won ($88.3 billion) in the city to build four chip-manufacturing plants on the 4.48 million-square-meter site.However, the company has yet to start constr

Nov 21, 2022By Baek Byung-yeul
SK hynix's new plant in Yongin to pick up speed
Tech & Science

'Korea needs to resolve population decline, digital literacy with science, technology': Presidential adviser

Lee Woo-il, vice chairman of the Presidential Advisory Council on Science and Technology (PACST), speaks during a press conference at PACST's office in Seoul, Monday. Korea Times photo by Baek Byung-yeulBy Baek Byung-yeulKorea has been using science and technology mainly as a tool to help engineer economic growth, but now it should also be used to solve the social problems the country is facing such as population decline and digital literacy, the chief of a presidential advisory for science and technology said Monday. “So far, science and technology have been used as a means for economic development, but times have changed. Now, science and technology should be able to cover a wider range of social issues such as population decline, regional imbalances, polarization and digital illiteracy as well as geopolitical issues such as the Fourth Industrial Revolution and the U.S.-China hegemony competition,” Lee Woo-il, vice chairman of the Presidential Advisory Council on Science and Technology (PACST), said during a press conference.The PACST was established in 1989 in order to

Nov 21, 2022By Baek Byung-yeul
'Korea needs to resolve population decline, digital literacy with science, technology': Presidential adviser
Companies

BTS' management company enters game market

Bang Si-hyuk, chairman of Hybe, speaks during a press conference held on the sideline of the G-STAR game show at the BEXCO convention center in Busan, Saturday. Courtesy of HybeBy Baek Byung-yeulHybe, an entertainment company that manages popular boy band BTS, will add game making and distribution as its new business items to become a comprehensive entertainment company, its founder and chairman said Saturday. “From the point of view of a chairman of the company that runs an entertainment business, all the elements involved in the game content business are very attractive,” Bang Si-hyuk, chairman and founder of Hybe, said during a press conference held on the sideline of the G-STAR game show in Busan.“Considering that it is the fate of a platform company to occupy customers' valuable time, I think Hybe has a vision to become a global lifestyle platform company will be able to provide customers with new and enjoyable experiences through the game business,” the chairman added.To that end, Hybe IM, a game subsidiary of Hybe, held a game publishing contract ceremo

Nov 20, 2022By Baek Byung-yeul
BTS' management company enters game market
Companies

Korean firms seek to capitalize on Qatar World Cup

Kim Un-soo, second from right, executive vice president of Hyundai Motor India, Middle East & Africa Strategic Region, poses with former Korean footballer Park Ji-sung, right, Marco Fazzone, third from right, director of FIFA Museum, and other officials to celebrate the opening of FIFA Museum Presented by Hyundai, a special exhibition hall for the FIFA World Cup 2022 in Qatar, Nov. 17. Courtesy of Hyundai MotorBy Baek Byung-yeulHyundai Motor, Samsung Electronics, LG Electronics and other Korean companies are trying to capitalize on this year's FIFA World Cup as a chance to bolster brand awareness and increase sales of their devices through promotions, according to the companies, Sunday. The FIFA World Cup football tournament is one of the largest international sports events. The quadrennial event takes place in the Middle Eastern country Qatar from Nov. 20 to Dec. 18, featuring 32 national teams from around the world.Among Korean companies, Hyundai Motor is the most active company as the automotive giant is the only company here that officially sponsors the showpiece football tou

Nov 20, 2022By Baek Byung-yeul
Korean firms seek to capitalize on Qatar World Cup
Companies

Samsung chief urged to diversify top executives, board members

Lee Jae-yong, center, chairman of Samsung Electronics, shakes hands with an employee of Dong-A Plating in Busan, Nov. 8. The plating company was able to establish a smart plant system with help from Samsung. Lee visited the company as part of his efforts to pursue win-win growth with the country's small and medium-sized enterprises. Courtesy of Samsung Electronics 'Seeking acquisitions, growing foundry are keys to further growth'By Baek Byung-yeulLee Jae-yong, who was promoted from vice chairman to chairman of Samsung Electronics, the crown jewel of Samsung Group, on Oct. 27, faces the daunting task of weathering multiple challenges, including a chip market slump, legal risks and finding new growth engines to keep the nation's largest conglomerate competitive.To this end, industry experts stressed that Lee needs to fill the chipmaker's board with directors capable of fiercely discussing the direction of the industry, while rallying mid-level executives to proactive

Nov 18, 2022By Baek Byung-yeul
Samsung chief urged to diversify top executives, board members
Companies

Korea's biggest game expo, G-STAR, returns at full scale

Visitors enter the BEXCO convention center in Busan, Thursday, where this year's G-STAR game expo is being held. Korea Times photo by Baek Byung-yeulBy Baek Byung-yeulBUSAN ― The G-STAR game industry show returned in a full-scale offline format to the southern port city on Thursday, with companies here and abroad pinning hopes that the country's largest game expo might be able to create momentum for the struggling game industry. Due to the COVID-19 pandemic, the annual game-related show was held online in 2020 and in a hybrid offline and online format last year. On the first day of the four-day event, a large crowd gathered at the BEXCO convention center, signaling their eager anticipation of the event.The organizing committee said that 987 companies from 43 countries joined this year's G-STAR, which is more than double the number at last year's event. This year's event, comprised of business-to-customer (B2C) and business-to-business (B2B) sections, will run until Sunday. The event is also drawing attention to whether it can exceed 244,000 visitors, the record set at the 2019 event.

Nov 17, 2022By Baek Byung-yeul
Korea's biggest game expo, G-STAR, returns at full scale
Companies

Nexon, Netmarble bet big on G-STAR gaming trade show

Seen is a concept image of Netmarble's promotional booth at the G-STAR gaming trade show, which will be held in Busan from Thursday to Sunday. Courtesy of NetmarbleBy Baek Byung-yeulNexon, Netmarble, Kakao Games, Krafton and other Korean game developers are trying to capitalize on G-STAR, a game trade show which will be held in Busan through this weekend, to attract gamers' attention at a time when the industry is plagued by poor performance, according to the companies Wednesday.G-STAR is Korea's largest trade show for video games. The event will be held at the BEXCO convention center for four days from Thursday to Sunday.“Given the decrease in the number of people playing games as the COVID-19 pandemic wanes, the game companies expect this year's G-STAR to offer a precious chance to gain gamers' attention to their new games,” an official from a local game company said on condition of anonymity.This concept image shows Nexon's promotional booth at the G-STAR game trade show. Courtesy of NexonNexon said it will unveil nine new games that can be played on various platforms,

Nov 17, 2022By Baek Byung-yeul
Nexon, Netmarble bet big on G-STAR gaming trade show
Companies

Korea moves closer to becoming global semiconductor hub

ASML CEO Peter Wennink, third from right, Gyeonggi Governor Kim Dong-yeon, center, and other officials attend the groundbreaking ceremony for ASML's local repair and training facility in Hwaseong, Wednesday. Courtesy of ASMLDutch company ASML breaks ground for repair, training facilities in HwaseongBy Baek Byung-yeulKorea is moving to become a hub for the semiconductor industry, as global chip companies are building their facilities here one after another. As part of its efforts, ASML, the Netherlands-based semiconductor equipment maker, held a groundbreaking ceremony to build its facility in Hwaseong, Gyeonggi Province, Wednesday. ASML is the only company in the world that can produce extreme ultraviolet lithography (EUV) equipment, an essential tool for manufacturing ultra-fine chips smaller than 7 nanometers. Korea's top memory chip makers ― Samsung Electronics and SK hynix ― are some of the biggest clients of the Dutch company, as Korea accounted for over 30 percent of its total sales as of 2021.The Dutch company said it will invest 240 billion won ($181.1 million) by 2024 to con

Nov 16, 2022By Baek Byung-yeul
Korea moves closer to becoming global semiconductor hub
Tech & Science

MS CEO says firms can do more while working less with its cloud service

Satya Nadella, CEO of Microsoft, speaks during a conference at the InterContinental Seoul COEX hotel, Tuesday. YonhapBy Baek Byung-yeulSatya Nadella, CEO of Microsoft, said Tuesday that every organization is able to achieve more while working less with its cloud computing service, and that the digital tool will be more powerful at this time when the world is undergoing historic economic, social and technological changes. “Our mission of this company is empowering every person and every organization on the planet to achieve more. And to achieve more in today's world even takes a much more acute need. This is about doing more with less,” Nadella said during Microsoft's Ignite Spotlight on Korea event held at a hotel in Seoul.“I want to speak to you today about how we're approaching driving that next level of entrepreneurial energy ― genuine productivity efficiency ― around the world. That's what is motivating us to build Microsoft Cloud, with all of its best-in-class solutions, as well as products to drive this initiative around doing more with less,” he added.I

Nov 15, 2022By Baek Byung-yeul
MS CEO says firms can do more while working less with its cloud service
Companies

LG CNS to join smart city project for Indonesia's new capital

LG CNS CEO Kim Young-shub, second from left, poses with Bambang Susantono, second from right, head of the Nusantara Capital City Authority, after signing an MOU to cooperate on designing a smart city system for the new capital of Indonesia, in Bali, Monday. Courtesy of LG CNSBy Baek Byung-yeulLG CNS will join a smart city project for Indonesia's new capital, Nusantara, as the company has signed an agreement with governmental officials there, according to the IT affiliate of LG Group, Tuesday. The company said its CEO Kim Young-shub signed a memorandum of understanding (MOU) with Bambang Susantono, head of the Nusantara Capital City Authority, in Bali, Indonesia, Monday, while the Business 20 (B-20) Summit was taking place.Under the agreement, LG CNS will join Nusantara's plan to design a smart city system. Indonesia is pursuing a state-run project to relocate its administrative capital from Jakarta to Nusantara.The Nusantara Capital City Authority is in charge of basic design such as plans for the land use, the traffic signal system and housing construction. Based on the design of th

Nov 15, 2022By Baek Byung-yeul
LG CNS to join smart city project for Indonesia's new capital
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