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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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ROUNDTABLE 'Sustainability can be achieved through transparent management'

Participants of The Korea Times roundtable on corporate sustainability pose at The Korea Times' office in central Seoul, Sept. 15. From left are Korean-German Chamber of Commerce and Industry (KGCCI) President and CEO Martin Henkelmann, Merck Korea Managing Director WooKyu Kim, E. Merck KG Executive Board and Family Board Chairman Frank Stangenberg-Haverkamp, Samsung Biologics President and CEO John Rim and The Korea Times President-Publisher Oh Young-jin. Korea Times photo by Choi Jin-wooLeaders of Merck, Samsung Biologics share insights on how to achieve longevity in businessBy Baek Byung-yeulFrank Stangenberg-Haverkamp, chairman of the Executive Board and Family Board of E. Merck KG, speaks during The Korea Times roundtable at the newspaper's headquarters in Seoul, Sept. 15. Korea Times photo by Choi Jin-wooMaking a company sustainable has always been a top priority for entrepreneurs. But how to achieve that long-term goal has always been an elusive target for many business owners and leaders.At a time when environmental, social and governance (ESG) values are being increasingly e

Sep 21, 2022By Baek Byung-yeul
[ROUNDTABLE] 'Sustainability can be achieved through transparent management'
Companies

Visual effects artists emphasize need for unique, creative ideas

Jaegal Seung, left, supervisor of Dexter Studios, and the company's producer, Ha Seung-woo, are seen during an education session for filmmakers in a theater at CGV Yongsan I'Park Mall in Seoul, Sept. 14. Courtesy of Dexter StudiosBy Baek Byung-yeulWith the advancement of technology, for some time, film lovers have been able to enjoy movies on the big screen featuring imaginary worlds or scenes difficult to direct in the real world. Jaegal Seung, supervisor of Korea-based visual effect company Dexter Studios, and the company's producer, Ha Seung-woo, said it is obvious that more and more visual effects ― also called VFX ― will be widely used in movies and video media moving forward.They added that a creative approach makes a better visual artist rather than the artist simply performing what the filmmakers ordered.“I think the VFX supervisor is also a director. It's important to be an artist who thinks about his or her own idea and directing, not just a worker who does what directors tells them to do,” Jaegal said during an education session for filmmakers in a theater at C

Sep 19, 2022By Baek Byung-yeul
Visual effects artists emphasize need for unique, creative ideas
Companies

SM Entertainment stock soars on breakup with founder Lee Soo-man

Lee Soo-man, founder and chief producer of SM Entertainment / Courtesy of SM EntertainmentBy Baek Byung-yeulSM Entertainment's stock price skyrocketed by more than 18 percent, Friday, on its announcement that the K-pop company will terminate a seemingly “bizarre” contract at the end of this year, through which it has paid tens of billions of won annually to Like Planning, a private firm wholly owned by its founder Lee Soo-man.The company's stock price hit 76,500 won on Friday, up 12,000 won or 18.6 percent from the day before.“Our company received an intention for early termination of the producing contract from Like Planning and is currently reviewing the proposal. If the matter is confirmed through the board's meeting, we will disclosure it without delay,” SM Entertainment said on Thursday in a regulatory filing.Investors interpreted the statement the company filed to the Financial Supervisory Service as signaling that the founder will quit his role as a chief producer at SM Entertainment.To deliver a clearer message to shareholders, the company said, Friday

Sep 16, 2022By Baek Byung-yeul
SM Entertainment stock soars on breakup with founder Lee Soo-man
Companies

Airline ticket prices soar as Japan looks to resume visa-free travel

People wearing traditional Japanese clothes walk in a street in Tokyo in this July 2020 photo. AP-YonhapBy Baek Byung-yeulPrices of airline tickets from Korea to popular tourist destinations in Japan are soaring as Tokyo signals the resumption of visa-free travel as early as October. Given Japan had been a favorite destination for Korean travelers before the coronavirus pandemic, the popularity of travelling to Japan is expected to increase even more if the neighboring country officially allows visa-free travel, according travel agency officials here, Friday.Although the Japanese government did not make an official announcement yet, local media there have been reporting that their country could allow foreign tourists to travel freely and enter the country without visas as early as October and abolish the maximum limit on the number of foreigners entering the country a day.If the plan becomes official, tourists will be able to travel to Japan more easily than they have been allowed to until now, being able to visit only through package group tour programs since June.“Demand for

Sep 16, 2022By Baek Byung-yeul
Airline ticket prices soar as Japan looks to resume visa-free travel
Companies

Samsung pushes for carbon neutrality by 2050

Han Jong-hee, vice chairman of Samsung Electronics, delivers a keynote speech with the theme of “Together for Tomorrow” during the CES 2022 fair in Las Vegas in this January photo. Courtesy of Samsung ElectronicsKorean tech giant unveils New Environmental StrategyBy Baek Byung-yeulSamsung Electronics unveiled its New Environmental Strategy to achieve carbon neutrality by 2050 and join a campaign to tackle climate change issues through developing innovative technologies, the company said Thursday.Samsung uses electricity the most among information and communications technologies (ICT) manufacturers across the world, producing a wide range of products from semiconductors and smartphones to home appliances.Despite such a disadvantage, the company decided to become a truly eco-friendly organization to achieve sustainable growth.To that end, the company will develop less-energy-consuming semiconductors and IT gadgets and convert 100 percent of its electricity supply to renewable sources by 2050. The company will also join the RE100 campaign ― the global initiative aimed at con

Sep 15, 2022By Baek Byung-yeul
Samsung pushes for carbon neutrality by 2050
Companies

Partnership between Tetra Pak, Duksung Girls' Middle School

Alejandro Cabal, right, president of Tetra Pak Korea, poses with Lee You-sun, principal of Duksung Girls' Middle School in Seoul, Thursday, during a ceremony marking the company's promotion of English education at the school. For more than a decade, The Korea Times has been running a program in which it delivers its print edition to middle and high schools nationwide through corporate partnership. Schools then use the nation's oldest running English daily as educational materials for their students. For decades, Tetra Pak Korea has been providing packaging products to dozens of local companies, including Maeil Dairies, Dr. Chung's Food, Yonsei Milk, Namyang Dairy, Lotte Chilsung Beverage, iCoop, Binggrae, Seoul Milk, Dongwon F&B and Korea Yakult. Tetra Pak Korea ― set up in 1983 ― has also been helping more than 150 food and beverage producers improve their processing under the motto “Protect What's Good.” Korea Times photo by Choi Won-suk

Sep 15, 2022By Baek Byung-yeul
Partnership between Tetra Pak, Duksung Girls' Middle School
Companies

Samsung, LG join mourning for Queen Elizabeth II

A captured image shows Samsung Electronics' U.K. branch mourns for Queen Elizabeth II. Screenshot from Samsung Electronics U.K. webpageBy Baek Byung-yeulSamsung Electronics and LG Electronics' U.K. branches began a period of mourning for Queen Elizabeth II, expressing condolences on the death of the monarch who passed away on Sept. 8, according to the companies, Wednesday. Given that products of the two companies have been popular in the U.K. and some of them have also been supplied to the royal family, they said they will minimize their marketing activities in the U.K. until Sept. 19 when the queen's funeral is scheduled.On its webpage, Samsung's U.K. branch said, “We stand united in grief with the people of the UK in mourning the loss of Her Majesty The Queen.”The company added: “We offer our deepest condolences to the Royal Family and we commemorate the Queen's immense contribution to the world through a lifetime devoted to selfless public service.”LG Electronics' U.K. branch expresses sadness at death of Queen Elizabeth II. Screenshot from LG Electronics U

Sep 14, 2022By Baek Byung-yeul
Samsung, LG join mourning for Queen Elizabeth II
Companies

Flying cars coming to Jeju in 2025

Oh Young-hun, from left, the governor of Jeju, Hanwha Systems CEO Eoh Sung-chul, SK Telecom CEO Ryu Young-sang and Korea Airports Corporation (KAC) CEO Yoon Hyeong-jung pose for a photo after signing an agreement to launch an urban air mobility (UAM) service on Jeju Island in 2025 at the Jeju Special Self-Governing Provincial Office, Wednesday. Courtesy of SK TelecomSKT, Hanwha, KAC to launch UAM service on Jeju Island in 2025By Baek Byung-yeulA consortium comprised of SK Telecom, Hanwha Systems and Korea Airport Corporation (KAC) will begin an urban air mobility (UAM) service in the country's southernmost island Jeju in 2025 as part of their efforts to become leaders in the emerging air taxi business, they said Wednesday. The consortium, called K-UAM Dream Team, said it signed a memorandum of understanding with the Jeju Special Self-Governing Province to launch a test operation of the UAM service connecting the Jeju International Airport with famous sightseeing venues of the island.Under the agreement, the three companies and the Jeju provincial government will produce UAMs, set up

Sep 14, 2022By Baek Byung-yeul
Flying cars coming to Jeju in 2025
Companies

Seoul Semiconductor sues US lighting firm for patent infringement

Seen is Seoul Semiconductor's promotional booth at the IFA tech fair in Berlin, Sept. 2. Korea Times photo by Baek Byung-yeulBy Baek Byung-yeulSeoul Semiconductor filed a lawsuit against U.S.-based lighting company Feit Electric for infringement on 12 patents held by the Korean LED tech company, it said Tuesday.The company said the case was filed in the United States District Court for the Central District of California. In a complaint filed in August, the company asked the court to ban sales of lighting products of Feit, which manufactured and sold lighting products in violation of 12 patents of Seoul Semiconductor.Seoul Semiconductor said it launched lawsuits five times in the U.S. against Feit's continued patent infringement, saying it already won two cases. In 2019 and 2020, the U.S. courts ordered companies distributing Feit's patent-infringing products to ban their sales.Despite the order, Feit's patent infringement practices have not been corrected, Seoul Semiconductor said. “We have drawn a ban on sales in patent lawsuits against distributors of Feit products. However,

Sep 13, 2022By Baek Byung-yeul
Seoul Semiconductor sues US lighting firm for patent infringement
Companies

Korean biotech firms show off capabilities in Europe

Visitors are seen at Celltrion's booth during the European Society for Medical Oncology (ESMO) Congress in Paris in this photo provided by the company, Monday. Courtesy of CelltrionBy Baek Byung-yeulHLB, Celltrion, NeoImmuneTech and other Korean biotech companies confirmed their competitiveness in Europe as they showcased their new drug development capabilities at the European Society for Medical Oncology (ESMO) Congress, an annual medical oncology fair to share the latest developments in cancer research, they said Tuesday.This year's ESMO Congress was held in Paris for five days from Sept. 9 to 13, featuring around 20,000 medical oncology experts and clinical professionals from around the world.At the fair, local biotech company HLB announced that a liver cancer treatment using its Rivoceranib drug was confirmed to be effective in liver cancer patients after going through Phase 3 clinical trials.The company said Shukui Qin, chair of the Chinese Society of Clinical Oncology (CSCO), announced the clinical results of a combination therapy that uses Rivoceranib and Camrelizumab in front

Sep 13, 2022By Baek Byung-yeul
Korean biotech firms show off capabilities in Europe
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