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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

POSCO announces joint statement with partner firms on co-prosperity

By Baek Byung-yeulPOSCO Chairman Choi Jeong-woo / Courtesy of POSCOPOSCO is seeking to bolster cooperation with partner companies as part of the steelmaker's bid to support their competitiveness for co-prosperity.On Thursday, POSCO and its partner firms hosted an event at the steel giant's headquarters in Pohang, North Gyeongsang Province. They announced a joint statement saying the steelmaker will try to create safer working conditions, bridge the wage gap and improve welfare benefits for employees of its partner firms.“The statement is designed to help our partner firms grow into specialized small and medium-sized companies,” POSCO said. More than 90 regional partners are set to benefit and they also agreed to create safer working environments for workers, while maintaining stable relations with unions.”Moon Sung-hyun, chairman of the Economic, Social and Labor Council, a presidential advisory body, said, “This joint declaration is an example of social dialogue for the realization of inclusive growth. Also I expect the declaration could become an example for

Jun 24, 2021By Baek Byung-yeul
POSCO announces joint statement with partner firms on co-prosperity
Companies

Hyundai Mobis unveils 'clusterless' heads-up display

Hyundai Mobis's new heads-up display / Courtesy of Hyundai MobisBy Baek Byung-yeulHyundai Mobis is maintaining pole position in the lucrative vehicle infotainment market by developing a new vehicle information system that combines a digital cluster with a head-up display (HUD), the auto parts-making affiliate of Hyundai Motor Group said Thursday.The company said its “clusterless HUD” will become mainstream in future vehicles such as electric vehicles (EVs), showing diverse information about vehicle operation on a simplified and integrated screen.“For the first time in the automotive industry, we have developed a clusterless HUD that combines a digital cluster with a head-up display,” the company said.EVs do not have engines or transmissions, so they can offer far more interior space compared to combustion-engine vehicles. Hyundai Mobis said it decided to develop the product to meet future market demand.“While space utilization inside vehicles has become important in the EV era, Hyundai Mobis has preemptively introduced new concept display technologies op

Jun 24, 2021By Baek Byung-yeul
Hyundai Mobis unveils 'clusterless' heads-up display
Tech & Science

Samsung eyes bigger 5G presence in US amid Washington-Beijing row

Cheun Kyung-whoon, president and head of networks business at Samsung Electronics, speaks during a virtual conference, Tuesday. Courtesy of Samsung ElectronicsKorean tech giant unveils new 5G equipmentBy Baek Byung-yeulSamsung Electronics is seeking to improve its presence in the U.S. 5G network equipment market, at a time when many Chinese companies are facing a range of problems in expanding their business due to the ongoing competition between Washington and Beijing.The tech giant held a rare virtual event Tuesday (KST) to promote its network technology vision and unveil new 5G chipsets that will be used in its next-generation 5G base stations. The event was the first hosted by Samsung's networks business division, signaling the company thinks this year will be a turning point for its global network business with more countries slated to launch faster 5G network services.At a time when major countries, led by the United States, are banning China's Huawei from participating in their 5G networks due to security concerns, the event was part of Samsung's strategy to increase its marke

Jun 23, 2021By Baek Byung-yeul
Samsung eyes bigger 5G presence in US amid Washington-Beijing row
Companies

FKI asks to shorten quarantine for business travelers to Vietnam

Kwon Tae-shin, right, vice chairman of the Federation of Korean Industries (FKI), speaks during a conference with Vietnamese Ambassador Nguyen Vu Tung, left, at the business lobby group's headquarters in Seoul, Wednesday. At the meeting, officials of companies doing business in Vietnam asked the ambassador to shorten the quarantine period for business travelers from Korea. Courtesy of FKI

Jun 23, 2021By Baek Byung-yeul
FKI asks to shorten quarantine for business travelers to Vietnam
Tech & Science

Coway aims for carbon neutrality by 2050

Coway's employees hold a signboard advertising the appliance rental company. Courtesy of CowayBy Baek Byung-yeulAppliance rental-company Coway aims to go carbon neutral as part of its efforts to strengthen environmental, social and governance (ESG)-based sustainable management.The company announced on Monday that it has set a net-zero emission target in line with the Korean government's 2050 carbon neutrality goal.Under the scheme, Coway aims to halve  greenhouse gas emissions by 2030 compared to 2020 levels. In the long run, the company plans to operate on 100 percent renewable energy and be fully carbon neutral by 2050.Coway said it has been implementing an ESG-based sustainable management policy for more than a decade. “As a leading environmental home appliance company, Coway pledged to follow an ESG framework that would minimize the impact of its business operations since 2006. The company has now put a variety of these initiatives into action,” it said.To meet its 2050 net-zero goal, Coway has been using solar power in three of its factories and one logistics ce

Jun 22, 2021By Baek Byung-yeul
Coway aims for carbon neutrality by 2050
Politics

Korean gov't to assist mRNA vaccine tech growth

Trade, Industry and Energy Minister Moon Sung-wook, front row fourth from left, poses with Samsung Biologics CEO John Rim, front row third from left, and government officials, during a meeting at the Incheon Free Economic Zone headquarters in Songdo, west of Seoul, Monday. Courtesy of Ministry of Trade, Industry and Energy By Baek Byung-yeulEver since Korea saw its first confirmed case of COVID-19 in January 2020, the country's reaction to the virus pandemic has stood out as it succeeded in curbing the virus spread quickly without closing down the economy.But the pandemic also rang the alarm signaling that the country still lags behind other advanced countries in terms of developing vaccines, which is ultimately necessary for people to get back to a more normal life.To be more capable of handling such critical diseases next time, Korea is speeding up its support of the country's biotech industry. As part of these efforts, Trade, Industry and Energy Minister Moon Sun

Jun 21, 2021By Baek Byung-yeul
Korean gov't to assist mRNA vaccine tech growth
Tech & Science

LG Uplus to develop 5G content on cultural heritage

Seen is an artist's impression showing visitors to Jeongnimsa Temple Site in Buyeo County, South Chungcheong Province, enjoying 5G network technology-based augmented reality content. LG Uplus said Sunday that it has developed the content and will unveil it to the public starting in July. Courtesy of LG UplusBy Baek Byung-yeulLG Uplus is increasing the number of “enjoyable” immersive content to attract more consumers to its fifth-generation (5G) network service.The mobile carrier said Sunday that it has developed content based on cultural heritage items of the ancient Baekje Kingdom (18 B.C.-660 A.D.), utilizing its 5G network on the 28-gigahertz (GHz) band. The region containing the kingdom's relics is called as the Baekje Historic Areas and was inscribed as a UNESCO World Heritage Site in 2015.For the project, the company recently signed an agreement with Buyeo County and Gongju City, where the palaces of the Baekje Kingdom were located, and the Chungnam Information Culture Technology Industry Agency to develop augmented reality (AR) technology-based cultural heritage co

Jun 21, 2021By Baek Byung-yeul
LG Uplus to develop 5G content on cultural heritage
Companies

Korea seeks to win Czech nuclear power plant deal

Trade, Industry and Energy Minister Moon Sung-wook, second from right, poses with Czech Prime Minister Andrej Babis, second from left, and Minister of Industry and Trade Karel Havlicek, right, at the prime minister's office, June 18, during his visit to the Czech Republic. Courtesy of the Ministry of Trade, Industry and EnergyBy Baek Byung-yeulKorea is going all-out to win an 8 trillion won ($7 billion) nuclear power plant order in the Czech Republic with high-ranking officials from the government and state-run nuclear plant operator traveling to Prague to promote the country's advanced technology.The Ministry of Trade, Industry and Energy said Saturday that Minister Moon Sung-wook and Chung Jae-hoon, CEO of the state-run Korea Hydro & Nuclear Power (KHNP) visited the European country and held meetings with Prime Minister Andrej Babis and Minister of Industry and Trade Karel Havlicek, June 17 and 18 (local time).During his visit, Moon stressed that Korea would be the best partner in the nuclear power plant project; pointing to the successful completion of the construction of the

Jun 20, 2021By Baek Byung-yeul
Korea seeks to win Czech nuclear power plant deal
Companies

Spain gains upper hand over Britain to win LGES's battery plant

President Moon Jae-in speaks during his visit to City Hall in Madrid, Spain, June 15 (local time). YonhapBy Baek Byung-yeulWhile European nations are seeking to attract LG Energy Solution (LGES) to build electric vehicle (EV) battery-manufacturing facilities on their turf, Spain is apparently ahead of the U.K. in the race, according to a high-ranking industry official, Thursday.“In the race to invite LGES's new battery cell-manufacturing factory, Spain is taking the lead over the U.K. in the race,” the official said on condition of anonymity, adding that Spain, which has a large automotive industry, will be a more attractive destination for the battery-making affiliate of LG Group to establish a factory.LGES has operated a battery cell-manufacturing facility in Wroclaw, Poland, since 2016. The plant has an annual production capacity of 70 gigawatt-hours. Through the Poland facility, the company has supplied its battery cells to numerous carmakers such as Volkswagen, Audi and BMW. Clearly, Poland has advantages in terms of the supply of water, electricity and relevant infr

Jun 17, 2021By Baek Byung-yeul
Spain gains upper hand over Britain to win LGES's battery plant
Companies

S-Oil wins best affiliate award from Saudi Aramco

S-Oil's Representative Director and CEO Hussain Al-Qahtani, third from left, poses with the company's management after winning an award given by its parent company Saudi Aramco, in this photo provided by the oil refiner, Thursday. S-Oil said it won the Best Performance in Operational Excellence award at the Saudi Aramco 2021 President's Affiliates Excellence Awards. Courtesy of S-Oil

Jun 17, 2021By Baek Byung-yeul
S-Oil wins best affiliate award from Saudi Aramco
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