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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

SsangYong opens preorders for its last-hope Torres SUV

An exterior look of SsangYong Motor's new Torres SUV / Courtesy of SsangYong MotorBy Baek Byung-yeulSsangYong Motor is betting big on its upcoming Torres SUV, as the debt-ridden SUV maker began receiving preorders for the new vehicle, which boasts relatively low prices and a retro design as advantages compared to other vehicles of the same class, the company said Monday.The company said it is receiving preorders for the mid-size Torres SUV, which will be officially launched in July. To increase the sales volume, the company set the SUV's price range at between 26.9 million won ($20,925) and 30.4 million won, allowing the mid-size SUV to be purchased for similar prices to competitors' compact SUVs. “The Torres has SsangYong's unique heritage that is differentiated from existing SUVs,” a SsangYong spokesman said. “We developed the authentic SUV style by adding retro sensibility to meet the desires of customers who want to a muscular style SUV.”Seen is an interior of SsangYong Motor's new Torres SUV / Courtesy of SsangYong MotorThe new SUV is larger than SsangYon

Jun 13, 2022By Baek Byung-yeul
SsangYong opens preorders for its last-hope Torres SUV
Tech & Science

Samsung, LG expand TV functions through cloud-based games

Two people select choices on Microsoft's Xbox Cloud Gaming service available on a Samsung Electronics TV, June 9. Courtesy of Samsung ElectronicsBy Baek Byung-yeulSamsung Electronics and LG Electronics are expanding the scope of what consumers can do with their TVs by offering the latest high-quality games through internet streaming-based cloud services, according to company officials Monday.As TV functions increase due to new digital technology, demand for cloud game services, currently offered by major tech firms such as Microsoft, Google and Nvidia, will continue to increase as the service makes it unnecessary to buy game console machines and go to shops to buy games or download game data, they added.Samsung recently said it formed a partnership with Microsoft to let customers enjoy popular Xbox video games on its latest smart TVs from the end of this month.Under the agreement, Samsung's latest TVs will be capable of providing Xbox's Game Pass through the Samsung Gaming Hub service for the first time in the TV industry. Xbox Game Pass is Microsoft's game subscription service.Samsu

Jun 13, 2022By Baek Byung-yeul
Samsung, LG expand TV functions through cloud-based games
Companies

Hyundai, Kia suffer disruptions due to truckers' strike

Kia's Gwangju plant employees drive new vehicles to a storage yard, Wednesday. As it became impossible to mobilize car carrier trucks due to a truckers' strike, the government issued temporary driving permits so that Kia employees could move the newly produced vehicles. YonhapBy Baek Byung-yeulRecently built cars are being driven one by one out of automotive factories, due to a lack of transport trucks amid an ongoing strike by cargo truckers, according to industry officials Friday.The government issued temporary permits enabling the carmakers to do so, in order to shorten delays in deliveries of the new cars to customers.Hyundai Motor Group units, including its logistics company Hyundai Glovis, are known to have deployed employees to deliver newly produced Hyundai Motor, Kia and Genesis cars to storage yards one at a time, as they are unable to rely on transport trucks that can carry multiple cars at once due to the strike. On June 7, most of the 25,000 truck drivers from the Cargo Truckers Solidarity and many non-unionized truckers launched the strike, demanding the government exte

Jun 10, 2022By Baek Byung-yeul
Hyundai, Kia suffer disruptions due to truckers' strike
Sports

Kim Jae-youl elected ISU president

Kim Jae-youl, president of the International Skating Union / Courtesy of Korea Skating UnionBy Baek Byung-yeulFormer Korea Skating Union (KSU) president and International Skating Union (ISU) council member Kim Jae-youl has become the first non-European president in the ISU's 130-year history, the KSU said Friday.Kim was elected president of ISU on June 10 at the ISU Congress taking place in Phuket, Thailand.Kim was elected in the first round of voting by winning an overwhelming majority of 77 votes, out of 119 possible votes cast by 85 member federations from 68 countries. The other candidates for the presidency were Patricia St. Peter (U.S.), Susanna Rahkamo (Finland) and Slobodan Delic (Serbia). Kim's election marks a milestone in the long history of the ISU, which was established in 1892. Eleven presidents have served the skating body over 130 years, all hailing from Europe until now. The election results reflect the ISU embracing greater diversity, for the organization and skating to reach new fans, athletes and markets around the world. “Skating was the first Winter Olympi

Jun 10, 2022By Baek Byung-yeul
Kim Jae-youl elected ISU president
Tech & Science

Korea 'fully ready' for second Nuri space rocket launch

The Nuri space rocket is seen at Naro Space Center in Goheung, South Jeolla Province, May 10. Courtesy of KARI KARI confident about successful launch of homegrown rocketBy Baek Byung-yeulThe preparation process for the second launch of a Nuri space rocket is going smoothly according to the Korea Aerospace Research Institute (KARI), which oversees launches, Friday.“The three-stage Nuri space rocket is currently fully assembled,” Jang Young-soon, director of KARI's Launcher System Development division, told reporters during an online briefing.At the press conference, Jang shared information about the preparation process and the remaining procedures to be finalized before the second launch goes ahead at Naro Space Center in Goheung, South Jeolla Province, June 15.“For now, we plan to launch Nuri at 4 p.m. June 15, and we haven't seen any problems,” he said. Jang Young-soon,

Jun 10, 2022By Baek Byung-yeul
Korea 'fully ready' for second Nuri space rocket launch
Tech & Science

LG CNS pushes for virtual factory business

Cho Hyung-chul, head of Smart F&C division at LG CNS, tries the company's virtual factory service at Innovation Studio at its headquarters in Seoul, Thursday. Courtesy of LG CNSBy Baek Byung-yeulLG CNS is focusing on the virtual factory business as one of its next business targets, as more companies are interested in creating the same type of facility so as to prevent possible accidents as well as enhance their operating systems, the company said, Thursday.The company said it has been actively trying to expand into the virtual factory and virtual lab businesses. It recently completed a proof of a concept test of its virtual factory model for a factory that conducts research activities, such as developing new materials.“Our Virtual Factory business creates factories and facilities in a virtual environment by analyzing all the data generated from factories. The entire factory can be operated in a virtual environment in the same way that it can in the real world. It is possible to control the entire production process,” a company spokesman said.To give an example, the of

Jun 10, 2022By Baek Byung-yeul
LG CNS pushes for virtual factory business
Companies

KT to invest W27 tril., hire 28,000 employees to boost growth

By Baek Byung-yeulKT's headquarters in Gwanghwamun, central Seoul / Courtesy of KTKT announced a massive investment plan on Thursday, saying it will invest 27 trillion won ($21.5 billion) and hire 28,000 employees by 2026 to accelerate the growth of its existing telecommunication business as well as new businesses such as digital healthcare and mobility.“We will try to become a foundation for strengthening the competitiveness of the nation's core industries by actively investing in the future, fostering digital talent and creating jobs,” Ku Hyeon-mo, CEO of the company, said in a statement.“We will suggest visions for new businesses in various industrial areas and develop the ecosystem to establish ourselves as a leader in digital transformation,” the CEO added.The company's investment plan will be focused on a network infrastructure called Telco, a digital platform business called Digico and startups until 2026.For the Telco business, it will invest 12 trillion won. It plans to increase the reliability of the network by establishing additional Disaster Recove

Jun 9, 2022By Baek Byung-yeul
KT to invest W27 tril., hire 28,000 employees to boost growth
Tech & Science

INTERVIEW Korea is key partner to our display business: Merck

Michael Heckmeier, executive vice president and head of Display Solutions at Merck / Courtesy of Merck KoreaBy Baek Byung-yeulMerck has been working on developing display materials and expanding its production facilities in Korea to further strengthen partnerships with Korean display companies, which possess industry-leading technology, according to the head of the company's display unit.Michael Heckmeier, executive vice president and head of Display Solutions at the Germany-based company, believes that Korea will continue to lead the display industry, saying that Merck will continue to invest and conduct research activities in Korea to provide display makers here with specialized services.“As with the successful strategy of achieving success through domestic research and production of liquid crystals in the past, Merck began to lay the foundation for R&D, production and the stable supply of OLED materials to Korean panel makers in 2005. We are continuously interacting with OLED researchers from Korean panel companies so that Korea can continue to lead OLED technology, and

Jun 9, 2022By Baek Byung-yeul
[INTERVIEW] Korea is key partner to our display business: Merck
Tech & Science

SFA seeks to diversify business beyond displays

SFA CEO Kim Young-min speaks during a press conference held at the company's plant in Asan, South Chungcheong Province, Wednesday. Courtesy of SFADisplay equipment maker expands battery, logistics, chip equipment bizBy Baek Byung-yeulASAN ― SFA, a local display equipment maker, is seeking to expand its presence in equipment for semiconductors, batteries and logistics, as part of the company's effort to diversify its business portfolio, the CEO of the company said, Wednesday.“SFA expects that it will make a full-fledged leap forward this year by receiving more orders in the battery and logistics businesses,” Kim Young-min, CEO of SFA, said during a press conference held at its plant in Asan, about 90 kilometers south of Seoul.The CEO said that the company aims to become a leader in the smart factory equipment sector in the long term. The industry view is that the smart factory sector has huge growth potential, as factories in many industries are introducing digital technologies such as artificial intelligence (AI) and big data analysis to produce better quality products wi

Jun 9, 2022By Baek Byung-yeul
SFA seeks to diversify business beyond displays
Tech & Science

Samsung seeks global expansion with Bespoke appliances

Lee Jae-seung, president and head of the Digital Appliances Business at Samsung Electronics, poses with the company's Bespoke home appliances during an online press conference, Tuesday. Courtesy of Samsung ElectronicsBy Baek Byung-yeulSamsung Electronics unveiled new products such as refrigerators, ovens, dishwashers, washing machines and dryers to customers globally, Tuesday, as part of its efforts to expand the presence of its Bespoke home appliance brand.In June 2019, Samsung launched a new refrigerator in the Korean market as the first model under the Bespoke home appliance brand and saw a huge success, enabling customers to tailor the colors and designs of the exteriors of their appliances.After witnessing the success, Samsung expanded its Bespoke lineup to various home appliances and advanced into overseas markets in 2021. To expand into more overseas markets, the company held an online event, called Bespoke Home, for global media and unveiled the latest Bespoke appliances.“The positive response from the Bespoke Home event last year showed us that our vision for a better

Jun 8, 2022By Baek Byung-yeul
Samsung seeks global expansion with Bespoke appliances
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