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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

Hyundai Motor Group chief asks Czech PM to support Busan's World Expo 2030 bid

Chung Euisun, left, chairman of Hyundai Motor Group, poses with Petr Fiala, prime minister of the Czech Republic, at the latter's office in Prague, Oct. 27. Courtesy of Hyundai Motor GroupBy Baek Byung-yeulChung Euisun, chairman of Hyundai Motor Group, promoted Busan's bid to host the World Expo 2030 to the prime minister of the Czech Republic, the automotive group said Friday.Hyundai said Chung met Prime Minister Petr Fiala at the latter's office in Prague, Oct. 27 (local time). During the meeting, Chung discussed mutual cooperation measures such as transforming Hyundai Motor's car manufacturing plant there to produce electric vehicles (EVs), and made a request to support Busan's bid to host the World Expo in 2030.The Czech Republic is currently serving as the presidency of the Council of the European Union for the second half of this year. After establishing diplomatic ties in 1990, Korea and the Czech Republic established a strategic partnership in 2015, and have been continuing to strengthen cooperation in various ways.At present, more than 50 Korean companies including Hyundai M

Oct 28, 2022By Baek Byung-yeul
Hyundai Motor Group chief asks Czech PM to support Busan's World Expo 2030 bid
Companies

HLB Science to showcase sepsis treatment at BIO-Europe

HLB Science researchers conduct research activities. Courtesy of HLB Group By Baek Byung-yeulHLB Science, an affiliate of HLB Group, said Friday that it will showcase its sepsis treatment to medical experts and buyers at the BIO-Europe conference, which will be held virtually from Nov. 2 to 4. BIO-Europe is one of the largest pharmaceutical conferences in the biotechnology industry where around 2,000 companies from over 60 countries participate every year to discuss technology exports and the joint development of new drugs.During the virtual event, HLB Science plans to introduce its sepsis treatment and super-bacterial antibiotic technologies that are under development to major research institutes and global pharmaceutical companies. Through the showcase, the company also aims to establish partnerships.Sepsis is a life-threatening condition with a mortality rate of between 30 percent and 50 percent. It is primarily treated with prescription antibiotics.While attempt

Oct 28, 2022By Baek Byung-yeul
HLB Science to showcase sepsis treatment at BIO-Europe
Companies

Korea accelerates bid to host World Expo 2030 in Busan

Prime Minister Han Duck-soo, third from left, poses with Dimitri Kerkentzes, second from left, secretary general of the Bureau International des Expositions (BIE), Chey Tae-won, left, chairman of the Korea Chamber of Commerce and Industry (KCCI), Busan Mayor Park Heong-joon, third from right, Yoon Sang-jik, second from right, secretary-general of the Bid Committee for World Expo 2030 Busan, and Choi Jai-chul, Korean Ambassador for Cooperation with the Bureau International des Expositions, during the 9th International Conference for Attracting the 2030 World Expo to Busan at the KCCI's headquarters in Seoul, Thursday. Courtesy of KCCIKCCI chief vows Busan Expo will provide answers to climate change, economic polarizationBy Baek Byung-yeulKorea is accelerating its bid to host the World Expo 2030 in Busan as the nation promoted why the country's southern port city is an optimal place for the global event in front of officials of the Expo organization, ambassadors to Korea and entrepreneurs, Thursday.At the Korea Chamber of Commerce and Industry's (KCCI) headquarters in central Seoul, th

Oct 27, 2022By Baek Byung-yeul
Korea accelerates bid to host World Expo 2030 in Busan
Companies

Lee Jae-yong takes on chairmanship of Samsung Electronics

Lee Jae-yong, who became chairman of Samsung Electronics after being approved by the board on Thursday, heads to the Seoul Central District Court to stand trial for conspiracy allegations in an illegal merger and accounting fraud. YonhapNew chief vows to make Samsung trusted, loved by the peopleBy Baek Byung-yeulLee Jae-yong, grandson of Samsung Group founder Lee Byung-chul and the group's de facto leader, was promoted to chairman of the group's crown jewel affiliate Samsung Electronics Thursday. His promotion was approved at a board meeting earlier in the day.The 54-year-old is the third chairman of the world's top memory chipmaker, succeeding his founder-grandfather and his father Lee Kun-hee. “The Board of Directors of Samsung Electronics today approved the appointment of Lee Jae-yong as executive chairman of the company. The board approved the appointment, which was recommended by Independent Director and Board Chairman Kim Han-jo,” Samsung Electronics said in a statement.The board added it approved the appointment as the company faces an “uncertain global busin

Oct 27, 2022By Baek Byung-yeul
Lee Jae-yong takes on chairmanship of Samsung Electronics
Tech & Science

DMLab aims to captivate AI market with English-speaking, human-like avatars

David Chon, CEO of DMLab, speaks with The Korea Times at the company's office in Seoul, Oct. 6. Korea Times photo by Baek Byung-yeulStartup seeks to push limits of AI marketBy Baek Byung-yeulDMLab, a local startup specialized in developing artificial intelligence (AI)-based business models, is aiming to captivate the fast-growing industry with its human-like AI avatars, helping people live and work more comfortably and efficiently, according to its CEO. Though many AI startups in Korea are focused on developing AI-based services that can interact automatically with users, they have the limitation that their business models are based on the Korean language only. However, DMLab, comprised of multinational employees, is aiming for the English-speaking market, which is significantly bigger in size than the Korean-speaking market. The company has been developing AI services that can interact with English speakers.“DMLab is a two-year-old AI development company. We are a global company that is in Korea. We have (employees of) seven nationalities working at the company,” David C

Oct 26, 2022By Baek Byung-yeul
DMLab aims to captivate AI market with English-speaking, human-like avatars
Companies

Hyundai Motor Group breaks ground for EV plant in Georgia

Hyundai Motor Group Chairman Chung Euisun, fifth from left, Georgia Governor Brian Kemp, fifth from right, Korean Ambassador to the U.S. Cho Tae-yong, fourth from left, and other officials shovel sand at a groundbreaking ceremony for the automotive group's electric car and battery plant in Bryan County, Georgia, Tuesday (local U.S. time). Courtesy of Hyundai Motor GroupHyundai, Kia, Genesis EVs to be produced in US by 2025By Baek Byung-yeulHyundai Motor Group's three car brands ― Hyundai Motor, Kia and Genesis ― will start producing electric vehicles (EV) in the U.S. state of Georgia by 2025. The automotive group made the announcement at a groundbreaking ceremony for a new U.S. factory, Wednesday.The automotive group plans to inject $5.54 billion to produce various kinds of EV models and EV batteries at Metaplant America in Bryan County, Georgia. The plant will begin production in the first half of 2025 with an annual output capacity of 300,000 EVs.Hyundai Motor Group Chairman Chung Euisun speaks during a groundbreaking ceremony for the automotive group's electric vehicle manufacturi

Oct 26, 2022By Baek Byung-yeul
Hyundai Motor Group breaks ground for EV plant in Georgia
Tech & Science

Nuvoton seeks to increase micro controller unit sales in Korea

Yuan-Mou Su, chairman and CEO of Nuvoton Technology, speaks during a press conference at the InterContinental Seoul COEX hotel, Wednesday. Courtesy of Nuvoton Technology KoreaBy Baek Byung-yeulNuvoton Technology, a Taiwan-based microcontroller unit (MCU) maker, is seeking to improve its presence in Korea's industrial MCU market, its chairman said Wednesday.“Nuvoton has operations in eight countries with over 3,000 employees worldwide. We acquired Panasonic Semiconductor in September 2020. Today, we are No. 7 in the global MCU market,” Yuan-Mou Su, chairman and CEO of Nuvoton Technology, said during a press conference at a hotel in Seoul.Established in 2008, Nuvoton produces MCUs that are essential for controlling electronic systems of various kinds of devices. The company established its Korean unit in July 2020. Since acquiring Panasonic Semiconductor, the company has been expanding into various sectors such as image sensing, electric vehicle (EV) battery management systems and MCUs for home appliances.“We will aggressively advance into the Korean market in line wi

Oct 26, 2022By Baek Byung-yeul
Nuvoton seeks to increase micro controller unit sales in Korea
Tech & Science

Samsung SDI seeks to lead battery biz with new cathode plant

Choi Yoon-ho, center, CEO of Samsung SDI and Lee Dong-chae, third from left, chairman of EcoPro Group, pose during a ceremony marking the completion of a joint venture cathode manufacturing plant in Pohang, North Gyeongsang Province, Oct. 21. Courtesy of Samsung SDIBy Baek Byung-yeulSamsung SDI boosted its capability in the electric vehicle (EV) battery business by completing the construction of a joint-venture cathode factory in Pohang, North Gyeongsang Province, the company said Friday.Samsung SDI said EcoPro EM, a joint venture between the company and battery material maker EcoPro BM, held a ceremony marking the completion of their CAM7 plant in the southeastern port city.The CAM7 plant is able to produce 54,000 tons of cathodes a year, which ranks it at No. 1 globally. Cathode is a key material for EV batteries and accounts for about 40 percent of battery production costs.Samsung SDI said the new plant will begin to produce cathode materials at full capacity in the first quarter of 2023 and every cathode produced there will be supplied to Samsung SDI's mainstay Gen.5 and Gen.6 ba

Oct 23, 2022By Baek Byung-yeul
Samsung SDI seeks to lead battery biz with new cathode plant
Companies

Hyundai Motor Group rallies European support for Busan's World Expo 2030 bid

Song Ho-sung, CEO of Kia, speaks during the company's CEO Investor Day event, March 3. Kia said Sunday that its CEO left for Europe to visit Serbia, Albania and Greece to promote Busan's bid to host the 2030 World Expo. Courtesy of Hyundai Motor GroupBy Baek Byung-yeulHyundai Motor Group is rallying European support for Busan's bid to host World Expo 2030. Europe is home to 48 out of 170 member countries of the Bureau International des Expositions (BIE).The automotive group said Sunday that Song Ho-sung, CEO of Kia, left for Europe to visit three countries there ― Serbia, Albania and Greece. During his week-long trip, the CEO is scheduled to meet high-ranking officials of those countries to seek their support for Korea's bid to host the international event.Song will convey the country's capability and willingness to host the big event, explaining to them that Korea is serving as a bridge between developing and developed countries and has experience presenting solutions for global issues, such as climate change, the COVID-19 pandemic and the digital divide.He will also promote the sou

Oct 23, 2022By Baek Byung-yeul
Hyundai Motor Group rallies European support for Busan's World Expo 2030 bid
Companies

SK chief calls for next leap forward after current crisis

Chey Tae-won, chairman of SK Group, speaks during the 2022 CEO Seminar event that features CEOs of the group's affiliates at a hotel on Jeju Island, Friday. Courtesy of SK GroupBy Baek Byung-yeulChey Tae-won, chairman of SK Group, stressed the importance of achieving a business transition to seek a breakthrough amid difficult economic conditions due to unfavorable internal and external factors and the ordered CEOs of its affiliates to turn the crisis into a new opportunity, Korea's second-largest conglomerate said Sunday.SK Group held the 2022 CEO Seminar event that features CEOs of the group's affiliates and the chairman at a hotel on Jeju Island for three days from Oct. 19 to 21.During the event, the executives and outside experts examined geopolitical crises, such as the Russia-Ukraine war, changes in the macroeconomic environment such as inflation, high interest rates and exchange rates and discussed how these factors would impact on the domestic and global economies.Chey also delivered a speech at the close of the conference. Citing the famous phrase, “The difficulty of ta

Oct 23, 2022By Baek Byung-yeul
SK chief calls for next leap forward after current crisis
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