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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

Samsung, SK seek support for Busan's World Expo 2030 bid

Samsung Electronics President Rhee In-yong, left, poses with President of East Timor Jose Ramos-Horta in the Southeast Asian country's capital of Dili, Aug. 19. Courtesy of Samsung ElectronicsBy Baek Byung-yeulSamsung Electronics and SK Telecom are working on promoting Korea's bid to host the World Expo 2030, as top officials of the country's leading tech companies met with the leaders of East Timor, Palau and Latin America nations, companies said Sunday. Busan, Korea's busiest port city located in the country's southeast, has officially launched its bid to host the global event.The competition to host the 2030 event, for which the final decision will be announced in November 2023, has been narrowed down to a showdown between Busan and the Saudi Arabian capital city of Riyadh.President Yoon Suk-yeol also expressed his strong support for Busan's bid. “I am sure we have a lot more of a competitive edge than Saudi Arabia in terms of ability and infrastructure to pull off the successful hosting of the World Expo 2030,” he said in an Aug. 17 media briefing.In pursuit of this g

Aug 21, 2022By Baek Byung-yeul
Samsung, SK seek support for Busan's World Expo 2030 bid
Companies

Rose developed by Everland wins international awards

Rose experts of Everland pose with the Perfume Everscape, a rose species developed by the company, Thursday. Courtesy of Samsung C&TBy Baek Byung-yeulA rose species developed by Samsung C&T's amusement park operating unit, Everland, won the top prize at an international rose competition for the first time among locally developed species, according to Samsung C&T, Thursday. The company said its Perfume Everscape rose species won four categories, including the Gold Medal, at this year's Gifu International Rose Competition in JapanHosted by the Gifu World Rose Garden, the Gifu International Rose Competition, which marked its 20th anniversary this year, is a global rose contest, which features about 6,000 species of roses on a site of about 800,000 square meters.The contest is officially certified by the World Federation of Rose Societies (WFRS), and world-famous rose breeding companies from the U.K., France and Germany have taken part in the contest every year.In 2021, Everland won the second-place Silver Medal at the same contest with its self-developed rose species, Garden

Aug 18, 2022By Baek Byung-yeul
Rose developed by Everland wins international awards
Tech & Science

Merck acquires chemical business of Korean firm Mecaro

WooKyu Kim, left, managing director of Merck Korea, poses with Lee Jae-jung, chairman and CEO of Mecaro after signing to acquire the latter's chemical business at Mecaro's business site in Eumseong, North Chungcheong Province, Wednesday. Courtesy of Merck Korea By Baek Byung-yeulGerman multinational science and technology company, Merck, acquired the chemical business of Korean chip material maker, Mecaro, as part of its bid to strengthen the line-up of materials used for semiconductor production, its Korean unit said Wednesday.“The acquisition is part of the Level Up growth program of Merck's electronics business sector, which includes investments of significantly more than 3 billion euros ($3.05 billion) from 2021 to 2025 in innovation and capacities and focuses on four, mutually reinforcing key priorities ― scale, technology, portfolio, as well as capabilities,” Merck said in a statement.The company said the acquisition cost 110 million euros. “The transaction co

Aug 18, 2022By Baek Byung-yeul
Merck acquires chemical business of Korean firm Mecaro
Companies

Suga of BTS remakes Galaxy's signature ringtone

Suga, right, and J-Hope, members of BTS, are seen in Samsung Electronics' video introducing new ringtones for its Galaxy smartphones. Samsung said Suga remade the company's long used ringtone “Over the Horizon.” Captured from Samsung Electronics' YouTubeBy Baek Byung-yeulSuga, a member of K-pop group BTS, recreated a ringtone that has long been used for Samsung Electronics' Galaxy phones according to the company, Wednesday. Samsung said the singer remade “Over the Horizon,” the Galaxy mobile device's signature ringtone.This is the second time Suga created his own version of “Over the Horizon,” following the arrangement he released for the Galaxy devices in 2021.“In this work, Suga's goal was to make people dream of a bright future in their daily lives and imagine what kinds of pleasure would be over the horizon. In particular, he tried to convey the positive energy of BTS members to many people's daily lives,” Samsung elaborated.Since the company unveiled the “Over the Horizon” ringtone in 2011 on the occasion of launching t

Aug 18, 2022By Baek Byung-yeul
Suga of BTS remakes Galaxy's signature ringtone
Companies

Samsung Biologics, C&T invest in US biotech firm Senda Biosciences

Senda Biosciences laboratory. Courtesy of Senda BiosciencesBy Baek Byung-yeulAn investment fund created by Samsung Biologics and Samsung C&T invested $15 million into U.S.-based biotechnology company Senda Biosciences as part of their efforts to foster core technology required to develop next-generation biopharmaceuticals, Samsung Biologics said on Wednesday. Samsung Biologics said the Life Science Fund, jointly formed by itself and Samsung C&T, decided to invest in Senda Biosciences, recognizing that the U.S. company has secured a superior programmable drug delivery platform.“Senda Biosciences has a platform technology that applies artificial intelligence and machine learning technologies to millions of nanoparticle big data found in animals, plants and bacteria to create an optimized drug delivery system,” the company said.Based on the platform technology, Senda is developing new mRNA vaccines and therapeutic drugs, Samsung Biologics added.The U.S. company was established by venture capital company Flagship Pioneering, which is known for founding U.S.-based vacc

Aug 17, 2022By Baek Byung-yeul
Samsung Biologics, C&T invest in US biotech firm Senda Biosciences
Companies

LG Electronics, KT join hands for AI service robot business

Jang Ik-hwan, left, head of LG Electronics Business Solutions division, poses with Song Jae-ho, senior executive vice president of KT's AI/DX Convergence Business Group after signing a partnership for robot business at LG Science Park in Seoul, Wednesday. Courtesy of LG ElectronicsBy Baek Byung-yeulLG Electronics and KT have forged a partnership to expand into the fast-growing AI service robot business, they said Wednesday. Among their various robot-related businesses, the tech company and the telecommunications company will work together on robots, which are to be used in industries such as logistics, education and health care.The two held a signing ceremony at LG Science Park in southwestern Seoul where LG Group's R&D units are located.“The two companies plan to combine robot manufacturing and service capabilities to discover new business opportunities; establish a cooperative system for R&D of next-generation robots; establish a platform to strengthen the competitiveness of the domestic service robot industry and cooperate on robot development tasks, which the govern

Aug 17, 2022By Baek Byung-yeul
LG Electronics, KT join hands for AI service robot business
Companies

Samsung SDI sets up R&D centers in US, Europe

Samsung SDI's headquarters in Yongin, Gyeonggi Province / Courtesy of Samsung SDIBy Baek Byung-yeulSamsung SDI is seeking to improve its global research and development (R&D) capabilities by establishing research facilities in the United States and Europe, the battery maker of Samsung Group said on Tuesday. The company said it has established SDI R&D America (SDIRA) in the U.S. city of Boston as of Aug. 15. The facility is its first research center there. In July, the company opened an R&D facility, SDI R&D Europe (SDIRE), in Munich, Germany and it also plans to open another one in China, next year.“The reason why Samsung SDI has established overseas R&D facilities is to increase its technological capabilities through R&D of new battery technologies specialized in each region,” a spokesman of the company said.Its U.S. facility is aiming to cooperate with universities and startups to innovate lithium-ion battery technology and develop new battery technology. Its SDIRE will carry out R&D tasks with outstanding universities and research institutes

Aug 16, 2022By Baek Byung-yeul
Samsung SDI sets up R&D centers in US, Europe
Companies

LG Chem to build bioplastics plants in US

Shin Hak-cheol, vice chairman and CEO of LG Chem / Courtesy of LG ChemBy Baek Byung-yeulLG Chem will construct bioplastics plants in the United States, as the chemical company agreed to launch a joint venture to produce the eco-friendly materials with Chicago-based Archer Daniels Midland (ADM), according to the Korean company, Tuesday. LG Chem said it signed the joint venture contract with the U.S. company to build two separate facilities to produce lactic acid (LA) and polylactic acid (PLA).Under their agreement, they will set up a facility capable of producing up to 150,000 tons of high-purity corn-based lactic acid a year. The second facility will produce about 75,000 tons of PLA annually. The location of the facilities will be at Decatur, Illinois.“If the joint venture makes 500-milliliter eco-friendly water bottles with 75,000 tons of PLA, we can make around 2.5 billion bottles annually,” the company said, adding that the construction will begin in 2023, when the final review by the two companies' boards are completed.PLA stands for polylactic acid, and is a material

Aug 16, 2022By Baek Byung-yeul
LG Chem to build bioplastics plants in US
Tech & Science

Samsung launches massive monitor for gamers

A model poses with Samsung Electronics' 55-inch gaming monitor Odyssey Ark, Tuesday. Courtesy of Samsung ElectronicsBy Baek Byung-yeulSamsung Electronics is seeking to capitalize on the steadily-growing gaming monitor market as the company launched a new 55-inch curved monitor, Tuesday.The Odyssey Ark monitor is fully capable of offering gamers an immersive gameplay experience, Samsung said, explaining that the product is designed not only to provide a large screen but also to enable users to use it vertically or horizontally.“Regardless of the slow economy, the gaming market continues to grow. It has grown more during the COVID-19 pandemic period because young people are interested in playing games,” Chung Kang-il, vice president of the Visual Display Business at Samsung, said during a press conference in Seoul.“Being at home is recognized as the safest place to enjoy oneself during this time, therefore, we assume that the game monitor market will continue to increase. The company, which has been No. 1 in global game monitors in the market for three years, has been

Aug 16, 2022By Baek Byung-yeul
Samsung launches massive monitor for gamers
Companies

Seoul E-Prix thrills racing fans in Korea

Stoffel Vandoorne of Mercedes-EQ, center, celebrates on the podium as he became the champion of the Formula E's 2021/2022 season after finishing second at the Seoul E-Prix at the Jamsil Sports Complex in Seoul, Sunday. Mitch Evans of Jaguar TCS Racing, left, ranked second and Edoardo Mortara of ROKiT Venturi Racing ranked third. Korea Times photo by Choi Won-sukNation's 1st electric car race ends with cheers and new fansBy Baek Byung-yeulThe Seoul E-Prix, the first electric vehicle (EV) race held in Korea, successfully completed its inaugural event Sunday at the Jamsil Sports Complex, a historic venue where the 1988 Seoul Summer Olympics were held.It was uncomfortable to breathe in the hot and humid weather, but the Jamsil Sports Complex was crowded with spectators who wanted to watch the nation's first EV race. In particular, there were many family visitors who came with young children.The organizers said the two-day event garnered a total of 49,500 visitors. As the track became slippery due to a sudden downpour, an accident occurred during the race, but spectators cheered on the dr

Aug 14, 2022By Baek Byung-yeul
Seoul E-Prix thrills racing fans in Korea
  • City goes into festival mode during Seoul Festa
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