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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

Intel unveils new CPU

Lee Ju-seok, vice president of Intel Korea, poses with the company's new central processing unit (CPU) chips during a press conference in Yeouido, Seoul, Wednesday. Courtesy of Intel KoreaBy Baek Byung-yeulIntel introduced a new central processing unit (CPU) chip offering improved performance to meet the needs of gamers and content creators requiring fast data processing, its Korean unit said Wednesday. The 13th generation Intel Core i9-13900K “is the fastest CPU in the world,” Lee Ju-seok, vice president of Intel Korea, said during a press conference in Yeouido, Seoul. “The Intel Core i9-13900K will once again improve CPU standard for PCs, which Intel has led so far. With the new product, we believe that we will continue to lead the industry,” he added.Intel Korea said the new product will be shipped in three weeks and consumers will be able to meet various models in latest CPU lineup from November.The latest CPU for use in servers, laptops and desktop PCs, has 24 cores with up to 5.8-gigahertz of speed, which is 600-megahertz faster than the 12th generation

Oct 5, 2022By Baek Byung-yeul
Intel unveils new CPU
Companies

Heads of Samsung, SoftBank meet as attention grows on sale of Arm

Samsung Electronics Vice Chairman Lee Jae-yong, left, and Masayoshi Son, right, chairman of SoftBank, arrive at the Korea Furniture Museum in Seoul, in this July 4, 2019 photo, to attend a dinner with the top executives of large conglomerates in Korea. YonhapBy Baek Byung-yeulLee Jae-yong, vice chairman of Samsung Electronics, met with Masayoshi Son, founder and chairman of Japan's SoftBank, in Seoul on Tuesday, according to industry sources, Wednesday, amid rising expectations of a looming acquisition of chip architecture design company Arm by the Korean electronics giant. SoftBank purchased Arm for $32 billion in 2016.However, no specific discussion apparently took place this time about an acquisition.The Samsung Group leader and SoftBank founder met at Samsung's office in Seocho-gu, southern Seoul, to discuss various pending issues, according to the sources. Son entered Korea through Gimpo International Airport on Oct. 1 for a week-long business trip.Rather than talking about Samsung's acquisition of Arm, the two chiefs are said to have discussed possible areas of cooperation.Also

Oct 5, 2022By Baek Byung-yeul
Heads of Samsung, SoftBank meet as attention grows on sale of Arm
Tech & Science

Naver acquires US fashion marketplace Poshmark for $1.6 billion

Choi Soo-yeon, CEO of Naver, speaks during a press conference at the company's headquarters in Seongnam, Gyeonggi Province, April 13. The company said Tuesday that it acquired U.S.-based fashion marketplace company Poshmark for $1.6 billion. Courtesy of NaverBy Baek Byung-yeulNaver acquired U.S.-based fashion marketplace operator Poshmark for $1.6 billion, Korea's top internet search portal said Tuesday. It was the largest acquisition deal so far for the Korean tech giant.Poshmark is the largest consumer-to-consumer (C2C) company in North America that operates an e-commerce marketplace where people can buy and sell new and secondhand apparel and other products. It has attracted over 80 million users since its establishment in 2011.Naver said it decided to buy the Silicon Valley-based company due to its unrivaled business model that utilizes a strong community network. It added that the two sides agreed to create greater synergy based on similar business visions, such as a deep understanding of the values and consumption patterns of the young generation and heavy investments to improv

Oct 4, 2022By Baek Byung-yeul
Naver acquires US fashion marketplace Poshmark for $1.6 billion
Tech & Science

StradVision aims to supply software to 50% of new cars by 2032

StradVision CEO Kim Jun-hwan speaks during a press conference at the company's headquarters in Seoul, Tuesday. Courtesy of StradVisionBy Baek Byung-yeulStradVision, a local automotive software company, announced an ambitious vision to supply its software to about half of the cars newly produced in the next 10 years, the company said Tuesday. Established in 2014, the Seoul-based company has become a leader in camera perception software that enables self-driving cars to recognize objects based on AI technology.“We've already signed supply contracts with more than 13 carmakers around the world and our SVNet software is supplied to over 50 car models. We have secured more than 160 patents in the United States and I am confident that we are the world's leader in image recognition,” Kim Jun-hwan, CEO of StradVision, said during a press conference at the company's headquarters in Seoul.“Our camera perception software, SVNet, has established a solid position within the automotive industry. Hyundai Motor Group, LG Electronics and Japan's Aisin recognized our technology and b

Oct 4, 2022By Baek Byung-yeul
StradVision aims to supply software to 50% of new cars by 2032
Companies

LG chairman asks Poland to support Busan's World Expo bid

LG Group Chairman Koo Kwang-mo, left, poses with Poland's Prime Minister Mateusz Morawiecki after asking for his support for Busan's bid to host the World Expo 2030, at the prime minister's office in Warsaw, Monday. LG Group said Koo thanked the Polish prime minister for the country's support for LG Group's battery business and asked for his backing for Busan's bid to host the World Expo. Courtesy of LG Group

Oct 4, 2022By Baek Byung-yeul
LG chairman asks Poland to support Busan's World Expo bid
Companies

Samsung SDI to achieve carbon neutrality by 2050

Seen is Samsung SDI's energy storage system (ESS) installed at its headquarters at Giheung District in Yongin, south of Seoul. The company said Monday that it will make efforts to implement eco-friendly management. Courtesy of Samsung SDI Samsung SDI CEO Choi Yoon-ho speaks during a meeting with employees about how to improve the eco-friendly management of the company in the workplace in Cheonan, South Chungcheong Province, Sept. 29. Courtesy of Samsung SDI By Baek Byung-yeulSamsung SDI has declared the implementation of eco-friendly management as part of its efforts to tackle climate change and achieve sustainable growth, the Samsung Group battery affiliate said Monday. In order to reach net-zero carbon emissions by 2050, the company announced a set of environmental management strategies including eight specific goals under the theme of “response t

Oct 3, 2022By Baek Byung-yeul
Samsung SDI to achieve carbon neutrality by 2050
Companies

Foreign firms not subject to punishment even if abusing subcontractors: lawmaker

A Sukyoung Textile executive speaks with Hankook Ilbo, the sister paper of The Korea Times, in this 2021 July file photo. Korea Times fileBy Baek Byung-yeulNike and other foreign companies are easily able to evade the application of the fair trade law here even if they exploit their dominant position over domestic subcontractors by abusing them, which needs to be resolved, according to a lawmaker, Monday. Rep. Park Sung-joon of the Democratic Party of Korea (DPK) said the Fair Trade Commission (FTC) ended its review early this year over an accusation that Nike violated the Fair Transactions in Subcontracting Act reported by its local supplier, Sukyoung Textile.The lawmaker said that the review had wrapped up without a conclusion because the focus of the review is a foreign-based company and does not meet the requirements of the Fair Transactions in Subcontracting Act.Sukyoung Textile had supplied shoe materials to Nike via an intermediate agency. The supplier claimed that the American sportswear company and its original equipment manufacturers (OEMs) excessively lowered the supply co

Oct 3, 2022By Baek Byung-yeul
Foreign firms not subject to punishment even if abusing subcontractors: lawmaker
Companies

Gov't raises electricity, gas prices amid soaring raw material costs

Choo Kyung-ho, center, deputy prime minister and minister of economy and finance, speaks during an emergency economic ministers' meeting at the Government Complex Seoul in central Seoul, Friday. Yonhap State-run institutions obliged to cut energy use by 10% from Oct. 1By Baek Byung-yeulThe government raised electricity and gas prices at the start of this month, as the prices of raw materials such as natural gas and bituminous coal are skyrocketing worldwide due to the ongoing war between Russia and Ukraine, and the chances that Russia could withhold its natural gas supply are increasing, it said Friday.Choo Kyung-ho, the deputy prime minister and minister of economy and finance, hosted an emergency economic ministers' meeting last Friday at the Government Complex Seoul with Lee Chang-yang, the minister of trade, industry and energy, and other government officials, during which he revealed that they have decided to raise electricity and gas prices for the fourth quar

Sep 30, 2022By Baek Byung-yeul
Gov't raises electricity, gas prices amid soaring raw material costs
Companies

Hyundai Motor, Kia to benefit from Georgia senator bill for IRA grace period

Kia's EV6 GT electric vehicle / Courtesy of Hyundai Motor Group By Baek Byung-yeulHyundai Motor Group's car brands ― Hyundai Motor, Kia and Genesis ― could benefit from a bill proposed by a senator in the U.S. state of Georgia, which proposes a grace period to automakers that are now subject to the Inflation Reduction Act (IRA). The act requires electric vehicles (EVs) that qualify for a consumer tax credit to have their final assembly done in North America, according to industry officials, Friday. On Sept. 29 (local time), Sen. Raphael Warnock of Georgia announced that he had proposed a bill to give a grace period until 2025 to automakers that manufacture and assemble their EVs outside of North America so that they might still be eligible for the IRA's $7,500 tax credit.Since U.S. President Joe Biden signed the IRA into law on Aug. 16, customers who purchased EVs assembled or manufactured outside North America have been unable to qualify for the tax credit. Hyundai

Sep 30, 2022By Baek Byung-yeul
Hyundai Motor, Kia to benefit from Georgia senator bill for IRA grace period
Tech & Science

LG CNS, Unity Technologies forge partnership for metaverse business

Suzie Kim, left, country manager of Unity Technologies Korea, and Kim Seon-jeong, CTO of LG CNS, pose for a photo after the two companies signed a partnership in this photo on Thursday. Courtesy of LG CNSBy Baek Byung-yeulLG CNS has forged a partnership with U.S.-based game engine maker Unity Technologies so that the two sides will perform businesses in emerging metaverse businesses such as virtual offices, virtual factories and virtual distribution, they said Thursday.LG CNS is the IT service arm of LG Group. Recently, the company has been concentrating on digital transformation-related business activities.It said it signed a Global Platinum Authorized Channel Partnership, saying this is the first time that Unity has signed the partnership with a Korean company. The platinum rating is a qualification granted only to companies that have a large number of digital transformation-related experts and operate a sales professional organization with their own digital transformation businesses, LG CNS said.“To have the platinum partnership, Unity's partners need to be able to apply Uni

Sep 29, 2022By Baek Byung-yeul
LG CNS, Unity Technologies forge partnership for metaverse business
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