my timesThe Korea Times
baekby

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.

Go to Email

Read more

Companies

Gov't, businesses team up to address US CHIPS Act

Trade, Industry and Energy Minister Lee Chang-yang, left, discusses Korea's countermeasures with top executives of Korean companies on the laws enacted by the U.S. recently, at the headquarters of the Korea Chamber of Commerce and Industry in Seoul, Thursday. Courtesy of Ministry of Trade, Industry and EnergyBy Baek Byung-yeulThe government has formed a taskforce with Samsung, SK, Hyundai Motor, LG and other companies to respond to the recently established U.S. CHIPS Act and the Inflation Reduction Act (IRA), which could harm the country's semiconductor, automotive and battery industries, according to the industry ministry, Thursday.The Biden administration passed the two acts recently under the guise of curbing inflation and fostering domestic industries. However, the two laws are threatening the local industry as they are designed to hinder Korean companies' business activities.The CHIPS Act is aimed at offering tax credits for corporate investment in chip manufacturing in the U.S., but the beneficiary companies of the incentive will be limited from investing in China over the next

Aug 25, 2022By Baek Byung-yeul
Gov't, businesses team up to address US CHIPS Act
Companies

Lee Jae-yong at Samsung Engineering

Samsung Electronics Vice Chairman Lee Jae-yong, second from right, poses with employees of Samsung Engineering at the company's headquarters in eastern Seoul, Wednesday. Lee visited the engineering unit of the group to discuss plans for its overseas engineering projects. Captured from a Samsung Engineering employee's Facebook account

Aug 24, 2022By Baek Byung-yeul
Lee Jae-yong at Samsung Engineering
Tech & Science

Korean companies unveil new games, new IT gadgets at Gamescom

Seen is a screenshot of Nexon's game “The First Descendant,” unveiled at the Gamescom in Cologne, Germany, Wednesday. Courtesy of NexonBy Baek Byung-yeulSamsung Electronics, Samsung Display, Nexon, Krafton and other Korean companies unveiled their gadgets and games at Gamescom, using the game industry trade show in Germany as an opportunity to meet European consumers, they said Wednesday. The trade show, which is being held in Cologne from Aug. 24 to 28, is one of the world's largest game-related trade shows along with E3 of the United States and Japan's Tokyo Game Show.This year's Gamescom has gained much attention from related industries because it is returning to in-person events after years of pandemic-induced hiatus. The organizers said companies have been participating in the event both offline and online.Nexon, which joined the event online, unveiled a preview video for its shooting game “The First Descendant.”“The new trailer video targets gamers who love shooting and role-playing games with its unique action and fantasy world. The game also show

Aug 24, 2022By Baek Byung-yeul
Korean companies unveil new games, new IT gadgets at Gamescom
Companies

Samsung Display CEO predicts demand for self-luminous displays to rise

Choi Joo-sun, president and CEO of Samsung Display, is seen in this poster for the International Meeting on Information Display event, which is underway in Busan until Aug. 26. Samsung Display said Wednesday that its CEO gave a keynote speech during the conference about the future of the display industry. Courtesy of Samsung DisplayBy Baek Byung-yeulChoi Joo-sun, president and CEO of Samsung Display, said Wednesday that various types of IT devices are emerging as people's lifestyles have changed due to the COVID-19 pandemic, and the solution that best suits these changes is self-luminous displays. “Following the pandemic, the diversification of IT devices is accelerating as people's lifestyles are changing and consumer demand is evolving, with the spread of working from home and growing familiarity with virtual platforms. I expect the self-luminous display market will grow rapidly to $100 billion by 2030,” Choi said during his keynote speech at the International Meeting on Information Display (IMID) conference at Bexco convention center in Busan.Co-organized by the Korean

Aug 24, 2022By Baek Byung-yeul
Samsung Display CEO predicts demand for self-luminous displays to rise
Tech & Science

LG Innotek earns green certification with material technology

By Baek Byung-yeulJeong Cheol-dong, CEO and president of LG Innotek / Courtesy of LG InnotekLG Innotek is improving its capability in the eco-friendly material sector, receiving a Green Technology Certification from the Ministry of Trade, Industry and Energy for its material technology, the company said on Tuesday. The Green Technology Certification is a type of accreditation in which the government recognizes eco-friendly technologies that can contribute to societal sustainability.LG Innotek received the certification for its nano-polycrystalline thermoelectric material technology, which is a core material applied to thermoelectric systems for industrial power generation such as ships.As thermoelectric power generation produces electricity using waste heat, the system is able to reduce energy consumption used for power generation. If a thermoelectric power generation system with LG Innotek's nano-polycrystalline thermoelectric material is mounted on a ship, around 892 tons of fuel can be saved annually per ship, the company said.In addition to ships, if a thermoelectric system using

Aug 23, 2022By Baek Byung-yeul
LG Innotek earns green certification with material technology
Companies

Volkswagen launches gasoline-powered Tiguan Allspace

Sacha Askidjian, managing director of Volkswagen Korea, poses with the company's new SUV Tiguan Allspace at Crest 72 conference hall in Seoul, Tuesday. Courtesy of Volkswagen KoreaBy Baek Byung-yeulVolkswagen launched its gasoline engine-powered SUV Tiguan Allspace in the Korean market, the German carmaker's Korean unit said, Tuesday. In the Korean market, Volkswagen has been largely associated with diesel engine-powered vehicles, notably the Jetta compact sedan. But more drivers here prefer gasoline engine-powered cars or electric cars that have less noise and vibration compared to those that use diesel engines.In consideration of consumers' changed tastes, Volkswagen Korea said the Tiguan Allspace is equipped with a 2.0-liter TSI gasoline engine.Sacha Askidjian, the managing director of Volkswagen Korea, elaborated that the Tiguan Allspace is more spacious with seven seats so that it is designed to satisfy all kinds of lifestyles of Korean consumers.“It's a seven-seater, more spacious Tiguan. I can say that the wider it is, the better it is for making an all-rounder family SU

Aug 23, 2022By Baek Byung-yeul
Volkswagen launches gasoline-powered Tiguan Allspace
Companies

Hyundai Ioniq 6 sets record with 37,446 pre-orders

Hyundai Motor's Ioniq 6 electric vehicle / Courtesy of Hyundai Motor GroupBy Baek Byung-yeulHyundai Motor's new electric vehicle Ioniq 6 got off to a good start with 37,446 pre-orders for the vehicle on the first day of pre-booking, the carmaker said Tuesday.Hyundai Motor began accepting pre-orders for the Ioniq 6 on Monday. The Ioniq 6 received the most first-day pre-orders in the Korean market's car sales history, exceeding the 23,760 pre-orders that the Ioniq 5 received a year and a half ago.The company said the high popularity of the Ioniq 6 shows Korean consumers think the new vehicle will become a game changer in the era of electric vehicles (EVs)."The innovative interior and exterior design of the Ioniq 6 and excellent mileage capability, which was possible thanks to our best-in-class aerodynamic performance and new technologies that provide new electric vehicle experiences, seem to have received good responses from customers," a Hyundai Motor spokesman said.Hyundai Motor unveiled its EV sedan at the Busan International Motor Show in July. Soon after the vehicle was unveiled,

Aug 23, 2022By Baek Byung-yeul
Hyundai Ioniq 6 sets record with 37,446 pre-orders
Companies

Korea urged to diversify trading partners to lower dependence on China

Workers labor near containers piled up at a port in Qingdao in eastern China's Shandong Province, Dec. 7, 2021. AP-YonhapBy Baek Byung-yeulChina has served as a great income source for the Korean economy for about 30 years since the two countries established diplomatic ties in 1992. However, Korea needs to diversify its trade partners and reduce its dependence on the neighboring country, because the Korean economy will be adversely affected if the trade deficit with China continues to grow, according to industry experts Monday.Korea had been able to maintain a surplus in trade with China by exporting displays, smartphones, semiconductors and cosmetics. However, companies here are losing their competitiveness in the Chinese market as China has advanced its technology and manufacturing capabilities in these sectors.Also, Korea has been importing raw materials from China to process and manufacture finished products for exports to other countries. But Korea has been under pressure to diversify its import partners as economic decoupling between the United States and China has accelerated.

Aug 22, 2022By Baek Byung-yeul
Korea urged to diversify trading partners to lower dependence on China
Companies

T Map attracts $150-million investment from KB Kookmin Bank

Lee Jong-ho, CEO of T Map Mobility, speaks during a press conference at T Tower in Seoul, Monday. Courtesy of T Map MobilityBy Baek Byung-yeulT Map Mobility attracted a massive investment worth 200 billion won ($149.6 million) from KB Kookmin Bank as part of the two sides' strategy to create synergy by combining the mobility and finance businesses, the company said, Monday. T Map Mobility is an operator of the country's popular navigation app, T Map. After spinning off from SK Telecom in December 2020, the company has sought to cover a wider range of businesses, such as ride hailing, logistics transportation and urban air mobility in the future.Under the agreement, KB Kookmin Bank acquired an 8.3-percent stake in T Map Mobility to become the fourth-largest shareholder.T Map Mobility said that the investment from the bank is the first large-scale investment by a large financial company in a domestic mobility platform company.“We are the No. 1 mobility platform company in Korea with an enormous amount of data accumulated over 20 years. Now we are evolving into an all-in-one mobil

Aug 22, 2022By Baek Byung-yeul
T Map attracts $150-million investment from KB Kookmin Bank
Companies

KT affiliate-produced 'Extraordinary Attorney Woo' ends with fanfare

A poster for drama “Extraordinary Attorney Woo” / Courtesy of KTBy Baek Byung-yeul“Extraordinary Attorney Woo,” a drama made by KT's affiliate, KT Studio Genie, ended with a high viewership, lighting up the telecommunications company's successful diversification of its business into the media platform sector, the company said, Sunday. The drama, which revolves around Woo Young-woo, a lawyer with autism spectrum disorder and who excels as an attorney working at a top law firm, ended with its 16th episode on Aug. 18. First aired on June 28, it has topped viewership ratings and popularity charts. Its last episode scored a rating of 17.53 percent.“'Extraordinary Attorney Woo' has been greatly enjoyed by viewers and topped lists in ratings and popularity charts, creating a 'Woo Young-woo syndrome,'” a KT spokesman said.KT previously announced its bid to secure more intellectual properties in media content and take on the media business as one of its main business areas. The company, which heralded that this year would be the first year it would see sign

Aug 21, 2022By Baek Byung-yeul
KT affiliate-produced 'Extraordinary Attorney Woo' ends with fanfare
previous page
161162163164165
next page

Top 5 stories

Korea Times
About Us
Introduction
History
Contact Us
Products & Services
Subscribe
E-paper
RSS Service
Content Sales
Site Map
Policy
Code of Ethics
Ombudsman
Privacy Policy
Youth Protection Policy
Terms of Service
Copyright Policy
Family Site
Hankookilbo
Dongwha Group
FacebookXYoutubeInstagram
CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.