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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

Gov't joins hands with Google, Airbus to support K-startups' overseas expansion

Deputy Prime Minister Choo Kyung-ho, top, listens to Minister of SMEs and Startups Lee Young, during an emergency economic ministers' meeting at the Government Complex Sejong, Thursday. YonhapBy Baek Byung-yeulThe government joined hands with global companies such as Google and Airbus in order to help more startups here expand overseas and grow into unicorn companies, according to the Ministry of SMEs and Startups, Thursday.The startup ministry will also provide collaboration opportunities with global venture capital firms starting with the Korea-U.S. startup event this month. To attract skilled workers from overseas to Korea, a special visa program will also be established.The ministry announced the support package, called the K-Startup Global Entry Strategy, at an emergency economic ministers' meeting presided over by Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho.Minister of SMEs and Startups Lee Young said the support program is designed to help more Korean companies do business overseas so that they can advance into bigger markets and develop expertise,

Sep 8, 2022By Baek Byung-yeul
Gov't joins hands with Google, Airbus to support K-startups' overseas expansion
Companies

LG Innotek named best supplier to GM for 5 years straight

An LG Innotek employee poses with an EVCC and a DC-DC converter it supplies to GM, Wednesday. Courtesy of LG InnotekBy Baek Byung-yeulLG Innotek has been recognized for the quality of its vehicle components, as the company has won the best supplier award from U.S.-based global carmaker GM on multiple occasions. The LG Group affiliate said Wednesday that it has won the 2021 Supplier Quality Excellence Award from GM for five consecutive years from 2017 to 2021.The company has been increasingly expanding its presence in the car component business, an industry with a promising future as it uses more and more electronic equipment in vehicle manufacture. The award stands as testament to the company's consistent supply of quality products to carmakers and to the importance it places on the stability of components because they are directly correlated with passenger safety.“The Supplier Quality Excellence Award is given by GM every year to its partners that have met the strict standard of zero quality defects. Only the companies that have supplied parts for completed vehicles with perfe

Sep 8, 2022By Baek Byung-yeul
LG Innotek named best supplier to GM for 5 years straight
Companies

HLB's liver cancer treatment shows longest overall survival

Researchers from HLB Group conduct research work in this photo, Thursday. Courtesy of HLBBy Baek Byung-yeulLocal biotech company HLB said its liver cancer treatment candidate Rivoceranib showed over 22 months of overall survival in its Phase 3 clinical trials, the longest in any liver cancer treatment, the company said, Thursday.The company said it plans to hold a meeting with the U.S. Food and Drug Administration (FDA) to apply for approval for new drugs, given the effectiveness of its treatment has been proved in the clinical trials.“The clinical trial of treatment for liver cancer using Rivoceranib and immune-cancer drug Camrelizumab recorded 22.1 months of mOS in Phase 3 clinical trials,” a HLB spokesman said. MOS refers to median overall survival, meaning the time from the start of the treatment to the death of the patient.The company said it will announce the results and more details at the opening session of the European Society for Medical Oncology (ESMO) on Sept. 10.The Phase 3 clinical trials were conducted on 543 patients in 13 countries including the United St

Sep 8, 2022By Baek Byung-yeul
HLB's liver cancer treatment shows longest overall survival
Companies

LG Electronics strives to appeal to young consumers in Europe

People gather at an event, co-hosted by LG Electronics and NTS Radio, which introduces the company's Dios Objet Collection MoodUP refrigerator, at an event hall in Berlin, Saturday. Korea Times photo by Baek Byung-yeulTech giant showcases stylish MoodUP refrigerator in BerlinBy Baek Byung-yeulBERLIN ― Attracting young consumers has always been a top priority for companies like LG Electronics, which sells consumer goods. As part of these efforts, it recently unveiled the LG Dios Objet Collection MoodUP refrigerator. On Saturday night, the company hosted a music event with DJs from a London-based online radio platform called NTS Radio. The novel event had lively music and offered cocktails while at the same time displaying its new refrigerator appliance at the CAN event hall in the German capital.At the IFA tech fair, the company unveiled the MoodUP fridge, which enables users to change the appliance's exterior color by simply touching the LG ThingQ app. The appliance also supports a Bluetooth speaker feature to allow users to play songs they want to listen to by connecting the gadget

Sep 5, 2022By Baek Byung-yeul
LG Electronics strives to appeal to young consumers in Europe
Companies

Coway seeking to enhance presence in Europe via IFA

Visitors take a look at Coway's air and water purifiers at the company's booth during the IFA tech fair in Berlin, Friday. Korea Times photo by Baek Byung-yeulBy Baek Byung-yeulBERLIN ― Coway said Friday that it is seeking to expand its presence in the European market as the Korean home appliance maker showcased its latest air and water purifiers at the IFA tech fair in Germany.“We are focusing on the European market as one of our major markets along with Korea, the United States, Thailand and Malaysia,” Alex Shin, general manager of Coway's global marketing team, told The Korea Times at the company's booth.“We estimate that demand for our air and water purifiers will increase in this region as more consumers are interested in having clean water and air at home since the COVID-19 pandemic broke out and with natural disasters like wildfires caused by climate change,” the general manager added.At its booth, the company exhibited 22 home health appliances, including 14 kinds of air purifiers and eight water purifiers.The company said its products are designed to

Sep 4, 2022By Baek Byung-yeul
Coway seeking to enhance presence in Europe via IFA
Tech & Science

LG offers distinguished value with OLED TVs in Europe

Customers take a look at LG Electronics' OLED TVs at Media Markt Alexa Berlin shopping center branch, Saturday. Courtesy of LG ElectronicsBy Baek Byung-yeulBERLIN ― LG Electronics has demonstrated its leadership in the premium TV segment with its lineup of OLED TVs, which can be seen at Media Markt's Alexa shopping center branch in the German capital. Media Markt is one of Europe's largest consumer electronics chains. At the branch, Media Markt displayed every model of LG's OLED TV line-up, from a 42-inch model to a 97-inch one, the largest OLED TV on the market.Given that the retail store features various TV brands, including Samsung Electronics, Sony and Hisense, LG filling the display space with expensive OLED TVs clearly showed the company's strong confidence in regard to the premium segment of the German market.“We introduced the 42-inch LG OLED Flex gaming TV and the 97-inch LG OLED evo Gallery Edition at the ongoing IFA tech fair. The Alexa branch is a place where visitors can see our latest OLED TVs, including these two new ones. Basically, the TV market has been strugg

Sep 4, 2022By Baek Byung-yeul
LG offers distinguished value with OLED TVs in Europe
Tech & Science

Korean companies eye European market via IFA

Yoon Ki-sang, research head of Breathings, poses with the company's lung status check device, Bulo, at the IFA tech fair in Berlin, Friday. Korea Times photo by Baek Byung-yeulOver 160 Korean firms join Europe's largest consumer electronics fairBy Baek Byung-yeulBERLIN ― Korean companies are trying to capitalize on the IFA tech fair, currently being held in the German capital city, to meet high-income European consumers and overcome the ongoing business uncertainties and supply chain disruptions that have followed the COVID-19 pandemic outbreak, they said Friday (local time).Other than Samsung Electronics and LG Electronics, over 160 Korean companies are represented at the fair, which is taking place as a full offline event ― after being held in a hybrid online-offline format in 2020 and being canceled in 2021 ― to promote their technologies and products. Given that 39 Korean companies participated in the 2017 event, 58 in 2018 and 91 in 2019, this year's IFA features the largest number of Korean companies ever.One place where visitors can see how actively Korean companies are runnin

Sep 4, 2022By Baek Byung-yeul
Korean companies eye European market via IFA
  • Chinese TV makers narrow gap with LG, Samsung
Tech & Science

Chinese TV makers narrow gap with LG, Samsung

SP Baik, vice president of TV Product Planning division at LG Electronics, speaks during a press conference held on the sidelines of the IFA tech fair in Berlin, Saturday. Courtesy of LG ElectronicsBy Baek Byung-yeulBERLIN ― Korean TV makers LG Electronics and Samsung Electronics have continually displayed their leadership and dominance with a combined 50-percent share of the global TV market. But their leadership is increasingly threatened by the rapid growth of Chinese TV makers, being pressured to improve their capabilities further, according to an executive of LG's TV business, Saturday.“It is not long before Chinese TV makers come after Korean companies. There is only a gap of about two or three years,” SP Baik, vice president of the TV Product Planning division at LG Electronics, said in a press conference held on the sidelines of the IFA tech fair.“The combined market share of Samsung and LG in the global TV market is about 50 percent. By companies, Chinese maker TCL is now very close to the Korean makers. Though LG has the second-largest share, I think we ha

Sep 4, 2022By Baek Byung-yeul
Chinese TV makers narrow gap with LG, Samsung
  • Korean companies eye European market via IFA
Tech & Science

Samsung sees Flip 4, Fold 4 sales in Europe double

Reporters take a look at various color options for Samsung Electronics' Galaxy Z Flip 4 smartphones at the company's exhibition hall at the IFA tech fair in Berlin, Thursday. Korea Times photo by Baek Byung-yeul By Baek Byung-yeulBERLIN ― Samsung Electronics' latest foldable smartphones got off to a strong start in Europe as the Galaxy Z Flip 4 and the Galaxy Z Fold 4 have doubled the sales of the previous foldable phones, according to the marketing chief of its Europe division, Thursday.“Shipments of the Galaxy Z Fold 4 and the Galaxy Z Flip 4 doubled those of previous models in the European market, as the first sales figures of the new products reached an all-time high in Europe,” Benjamin Braun, chief marketing officer of Samsung Europe, said in a press conference at the company's exhibition hall during the IFA tech fair in Berlin.Samsung rolled out the foldable smartphones in 36 European countries including the U.K., Germany, France, Spain and the Netherlands on

Sep 2, 2022By Baek Byung-yeul
Samsung sees Flip 4, Fold 4 sales in Europe double
  • Samsung vows to popularize SmartThings smart home platform
Companies

Samsung vows to popularize SmartThings smart home platform

Han Jong-hee, vice chairman and head of the Device eXperience (DX) Division of Samsung Electronics, speaks during a press conference held on the sidelines of the IFA tech fair in Berlin, Thursday. Courtesy of Samsung Electronics Korean tech giant looks to join RE100 renewable energy initiative soonBy Baek Byung-yeulBERLIN ― Samsung Electronics is looking to use the year 2022 to popularize its SmartThings platform, as the company will enable users to use not only Samsung devices but also third-party devices through the smart home platform, Han Jong-hee, vice chairman and head of the Device eXperience (DX) Division of the company, said Thursday.At this time when the importance of making the world greener has been increasingly recognized, the vice chairman also shared the company's vision to make the world more sustainable by producing products with higher energy efficiency and using more eco-friendly materials for its products.“We have been working hard in the first h

Sep 2, 2022By Baek Byung-yeul
Samsung vows to popularize SmartThings smart home platform
  • Samsung sees Flip 4, Fold 4 sales in Europe double
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