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

Tech & Science

Samsung accelerates moves to bolster automotive chip business

Samsung Electronics unveils three new chip products for vehicles, Tuesday. Courtesy of Samsung ElectronicsTech giant unveils 3 new automotive chipsBy Baek Byung-yeulSamsung Electronics is speeding up efforts to strengthen its system chip business since Vice Chairman Lee Jae-yong resumed management control.A few days after the Samsung chief announced the company's investment to establish a foundry factory in Texas during his visit to the United States last week, Samsung unveiled three new chips for vehicles in order to capitalize on the fast-growing automotive chip market.The continued automotive chip shortage has been affecting backbone industries in the U.S. and prompted the world's largest economy to boost investments in semiconductor production.The three new chips are the Exynos Auto T5123 in-vehicle telecommunications chip enabling 5G connectivity, the Exynos Auto V7 logic chip for vehicle infotainment systems and the S2VPS01 power management IC (PMIC), according to its statement.The Exynos Auto T5123 is the world's first automotive chip offering 5G connectivity.Demand is increas

Nov 30, 2021By Baek Byung-yeul
Samsung accelerates moves to bolster automotive chip business
Tech & Science

EXCLUSIVE CATL confirms plans to supply LFP batteries to Hyundai

By Baek Byung-yeulChinese battery maker CATL has confirmed that it will supply its lithium iron phosphate (LFP) and nickel, cobalt and manganese (NCM) batteries to Korean carmaking giant Hyundai Motor Group as part of its efforts to increase its presence in the global electric vehicle (EV) battery market.“We will supply Hyundai with both LFP and NCM batteries, in both of which, we have cutting-edge technological strengths as well as long development and application experience,” an unnamed CATL official confirmed to The Korea Times, Monday. “The specific type of battery to be supplied shall be determined by the needs of our customers and the market.”CATL is known to have established its regional office in Seoul recently, which is its fifth overseas branch after ones in Japan, Germany, the United States and France. Its opening illustrates that the company's battery products have a competitive edge compared to other battery makers in terms of price and product quality.Though the company representative didn't go into more detail about the plans for its cooperation

Nov 29, 2021By Baek Byung-yeul
[EXCLUSIVE] CATL confirms plans to supply LFP batteries to Hyundai
Companies

Top 3 Samsung CEOs to retain positions

From left are Samsung Electronics mobile chief Koh Dong-jin, consumer business chief Kim Hyun-suk and semiconductor business chief Kim Ki-nam / Korea Times file By Baek Byung-yeulThree Samsung Electronics CEOs ― those in charge of semiconductors, home appliances and IT and mobile communications ― will remain in their positions despite the upcoming year-end management reshuffle expected to take place this week, sources knowledgeable about the issue said, Sunday.“Samsung will keep on its three CEOs who are responsible for its three major pillars. But the company will diversify its executives' pools by expanding the promotion of low- and medium-ranked executives for the reshuffle,” one of the sources said.Samsung's business structure comprises three major units ― Device Solutions overseeing its semiconductor business, IT & Mobile Communication supervising mobile devices and Consumer Electronics for TVs and home appliance products ― and each unit has been led by one of the three CEOs ― Kim Ki-nam, Koh Dong-jin and Kim Hyun-suk, since 2018.Samsung's 2021 management re

Nov 28, 2021By Baek Byung-yeul
Top 3 Samsung CEOs to retain positions
  • Samsung overhauls personnel system to nurture young leaders
Tech & Science

Hyundai Motor to test-operate Level 4 self-driving service in Seoul

A rendered image of Hyundai Motor's IONIQ 5, equipped with the Level 4 autonomous driving system / Courtesy of Hyundai MotorBy Baek Byung-yeulHyundai Motor will test-operate its self-driving service, “RoboRide,” as a pilot program in a district for self-driving cars located in downtown Seoul, starting from the first half of 2022, the carmaker said Thursday.What the company calls “RoboRide” is Hyundai Motor's new mobility service that is operated by Level 4 autonomous driving technology. Level 4 automation for vehicles entails fully self-driving cars that do not require human drivers. The company presented how far the development of Level 4 autonomous driving technology has come as well as how it will test-operate it in Korea at the 2021 Seoul Mobility Show, held at the KINTEX convention center in Goyang, northwest of Seoul.“Hyundai Motor is developing self-driving technology that allows everyone to move safely and comfortably based on our philosophy of 'universal safety' and 'selective convenience,'” Jang Woong-jun, the head of Hyundai's autonomous

Nov 25, 2021By Baek Byung-yeul
Hyundai Motor to test-operate Level 4 self-driving service in Seoul
Tech & Science

Samsung set to compete against TSMC with new foundry in US

Lee Jae-yong, vice chairman of Samsung Electronics, speaks with reporters upon arriving at the Seoul Gimpo Business Aviation Center after completing his business trip to the United States, Wednesday. Korea Times photo by Shim Hyun-chul Tech giant to begin mass production in $17 bill. Taylor plant from 2024By Baek Byung-yeulSamsung Electronics is looking to speed up its move to become the world's leading semiconductor company in system semiconductors by 2030, alongside its lead in the memory chip business. The Korean tech giant has finalized the location of its new semiconductor fabrication plant, or foundry, in the U.S., announcing Wednesday it will invest $17 billion in the facility in Taylor, Texas. This is the largest investment ever made by Samsung in the U.S. The company said construction will begin in the first half of 2022, and mass production in the second half of 2024.The new U.S. foundry is expected to help Samsung respond more quickly to demand and also s

Nov 24, 2021By Baek Byung-yeul
Samsung set to compete against TSMC with new foundry in US
Companies

Conglomerates to ask CEOs to promote resilience for future

By Baek Byung-yeulWith the season for annual executive reshuffle of major conglomerates approaching, eyes are on how Samsung, SK, LG and other conglomerates will restructure their organizations at a time when they are facing unresolved uncertainties after the virus outbreak.Attention is focusing more on this year's reshuffle of executives as the results may provide some indications of how the big companies expect to overcome the various difficulties caused by the pandemic.Starting from LG Group, the affiliates of which are scheduled to hold board meetings on Nov. 25, Samsung, SK and other conglomerates will announce their new appointments.For Samsung, this year's reshuffle is the first time Samsung Electronics Vice Chairman Lee Jae-yong has returned to management after being released on parole in August, seven months after the group's chief was imprisoned over bribery.The focal point of Samsung Electronics' personnel reshuffle is whether the company will appoint new heads for its three business divisions.Samsung, operating with three major pillars ― semiconductors, mobile phones and

Nov 23, 2021By Baek Byung-yeul
Conglomerates to ask CEOs to promote resilience for future
Companies

LG seeks changes through executive reshuffles

LG Electronics CEO Kwon Bong-seok, left, and LG Household & Health Care Vice Chairman and CEO Cha Suk-yongBy Baek Byung-yeulManagement reshuffle season has arrived at Korea's major business conglomerates, with LG Group expected to be the first to announce new executive appointments this week. Other conglomerates such as Samsung, Hyundai Motor and SK will announce their executive reshuffles before the end of the year.LG Group has been known for choosing stability over rapid changes in its management reshuffles. But industry sources and officials familiar with the matter said Monday that the country's fourth-largest conglomerate is forecast to undergo a wide range of changes this time, as Chairman Koo Kwang-mo will strengthen his voice across the group starting with the upcoming appointments.The chairman, who is in his 40s and marks his fourth year in office in 2022, is known to be favoring the replacement of executives born in the 1960s with younger ones, the sources said.“Given Chairman Koo's pragmatic nature, he will consider how much expertise the new executives have inst

Nov 22, 2021By Baek Byung-yeul
LG seeks changes through executive reshuffles
Tech & Science

Samsung to announce new chip plant site in US this week

Samsung Electronics Vice Chairman Lee Jae-yong, right, poses with Microsoft CEO Satya Nadella in the U.S. state of Washington, Nov. 20. Courtesy of Samsung ElectronicsBy Baek Byung-yeulSamsung Electronics is set to announce the site for its new semiconductor manufacturing plant in the United States this week, according to industry sources, Sunday. The company is expected to unveil details of its $17 billion investment project when Vice Chairman Lee Jae-yong, currently visiting the U.S., returns home around Nov. 23 or 24.According to the global tech giant, Vice Chairman Lee had meetings with high-ranking White House officials in Washington D.C., Nov. 19 (local time), to discuss the concurrent semiconductor-related supply chain issue, and the federal government's incentives for chip companies.In particular, there has been extensive discussions on Samsung's role in solving the chip supply issue, the source said. The vice chairman also appeared to have decided to build a foundry chip factory in the U.S. and elaborated on this to the officials.Samsung has been reportedly considering the c

Nov 21, 2021By Baek Byung-yeul
Samsung to announce new chip plant site in US this week
Companies

Hyundai seeks rebound in China with electric cars

Markus Henne, CEO of Genesis Motor China, introduces the electric GV70 at the Auto Guangzhou motor show in China, Nov. 19. Courtesy of Hyundai Motor GroupBy Baek Byung-yeulHyundai Motor Group is seeking to bounce back from its decreased sales volumes in China, one of the world's largest car markets, by introducing new, especially eco-friendly, models ― electric vehicles (EVs) and hybrid cars.The Korean automaker unveiled new models at Auto Guangzhou, an international motor show held in the Chinese city, Nov. 19, including the electric Genesis GV70 SUV, Hyundai Motor's SUV Tucson hybrid and Kia's EV6 electric car.Genesis is Hyundai Motor Group's luxury car brand, and this was the second unveiling of a new model in China, giving the impression that the company is seeking to increase its Chinese customer base. In April, Genesis showcased an electric G80 sedan at the Auto Shanghai motor show.“Hosting the world premiere of the electric GV70 underscores our commitment to the Chinese market,” Markus Henne, CEO of Genesis Motor China, said. “We are excited to welcome the la

Nov 21, 2021By Baek Byung-yeul
Hyundai seeks rebound in China with electric cars
Tech & Science

ANALYSIS Rising labor cost forcing Samsung to rethink mobile strategy

A customer at a smartphone shop in Seoul tries out Samsung Electronics' Galaxy Z Fold 3 smartphone, Aug. 23. YonhapBy Baek Byung-yeulSamsung Electronics is reportedly planning to diversify its smartphone production base, which is currently concentrated in Vietnam, to other countries such as India and Indonesia, in an effort to minimize risks on concentrating production in one place, as well as rising labor costs.According to a report from local tech news site TheElec, Samsung is set to reorganize its global smartphone production system. “The main goal is to redistribute production concentrated in Vietnam, Samsung's largest overseas smartphone production base, to other regions,” the news outlet said.To achieve this, production capacity for 19 million smartphones will be transferred gradually from Vietnam to India and Indonesia next year, TheElec said. For the plan, production lines in India and Indonesia will also be expanded. Samsung has an annual mobile phone production capacity of 182 million in Vietnam. Rising wages are one of the reasons why Samsung is trying to diver

Nov 18, 2021By Baek Byung-yeul
[ANALYSIS] Rising labor cost forcing Samsung to rethink mobile strategy
  • Samsung chief meets Moderna, Verizon heads in US
previous page
191192193194195
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.