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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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Tech & Science

Korea approves SK hynix's acquisition of Intel's NAND business

SK hynix's chip-making plant in Icheon, Gyeonggi Province / Courtesy of SK hynixBy Baek Byung-yeulKorea approved SK hynix's planned acquisition of Intel's NAND flash business, deciding the acquisition won't hurt fair trade competition and isn't against antitrust issues.The Fair Trade Commission (FTC) said Thursday its final approval of the planned acquisition is because it is unlikely to limit competition, as the combined market share of the two companies' NAND business is still lower than the No. 1 company Samsung Electronics. “With the acquisition, SK hynix will be able to strengthen its competitiveness in the memory semiconductor market by beefing up NAND flash, which has poor performance compared to its flagship DRAM business, and Intel will be able to clean up its non-mainstream business, which accounts for less than 10 percent of its total sales,” the FTC said.Last October, SK hynix reached an agreement to acquire Intel's NAND flash memory chip business for $9 billion. After the agreement, SK submitted applications for approval to antitrust regulators in other count

May 27, 2021By Baek Byung-yeul
Korea approves SK hynix's acquisition of Intel's NAND business
Tech & Science

Samsung Electronics launches new LED product

Samsung Electronics' new LED package, LM301B EVO / Courtesy of Samsung ElectronicsBy Baek Byung-yeulSamsung Electronics has rolled out a new LED product, called LM301B EVO, for interior and industrial use that boasts the highest level of energy efficiency and color quality in the industry, the company said Thursday.The energy efficiency of a lighting product are measured as luminous efficacy, and LM301B EVO LED features the highest luminous efficacy in the industry ― 235 lumens per watt ― according to Samsung.Color quality-wise, the company added that the new product is suitable for different kinds of places, ranging from schools and offices, to warehouses with high ceilings.“Our new LM301B EVO offers an unrivaled mix of light efficacy and color rendering that aligns nicely with the changing landscape of LED lighting standards,” said Kim Un-soo, senior vice president of the LED Business Team at Samsung Electronics. “Samsung will continue to provide value-added LED light sources through technological innovation, as we push hard to exceed energy standards around the w

May 27, 2021By Baek Byung-yeul
Samsung Electronics launches new LED product
  • Samsung expands presence in NAND flash market in Q1: report
Companies

Korea set to launch 'vaccine council' with US

Foreign Minister Chung Eui-yong, center, Trade Minister Moon Sung-wook, left, and Health Minister Kwon Deok-chul appear at the Seoul Government Complex, Tuesday, to brief about President's Moon Jae-in's visit to United States last week. Courtesy of Ministry of Trade, Industry and EnergyBy Baek Byung-yeulKorea and the United States will launch a COVID-19 vaccine expert panel by early June to specifically support the vaccine partnership agreed to by President Moon Jae-in and U.S. President Joseph Biden at their summit in Washington, D.C., last week.“To support the Korea-U.S. global vaccine partnership, the two countries agreed to set up a vaccine expert panel consisting of government officials and private experts,” Health Minister Kwon Deok-chul said during an online conference at the Seoul Government Complex, Tuesday. Along with the health minister, Foreign Minister Chung Eui-yong and Trade Minister Moon Sung-wook held a joint press conference to announce results from the summit.To address the vaccine supply issue, the two sides agreed to forge the partnership, and by comb

May 25, 2021By Baek Byung-yeul
Korea set to launch 'vaccine council' with US
  • US working on details of vaccine provision to Korean soldiers: Pentagon
Companies

Samsung Biologics hopes to produce substances for Moderna vaccine

President Moon Jae-in, center, poses with Samsung Biologics CEO John Rim, left and Moderna CEO Stephane Bancel during a vaccine partnership event held between Korea and the United States at a hotel in Washington, D.C., May 22. YonhapBy Baek Byung-yeulWith Samsung Biologics and U.S. biotechnology firm Moderna agreeing to produce the latter's COVID-19 vaccine at the former's facility in Korea starting in the third quarter of this year, industry officials said Monday the Samsung affiliate was hoping to reach a possible “technology sharing” deal under which it could gain the know-how to independently handle the production of pharmaceutical substances for vaccines.With President Moon Jae-in's attendance after his summit with Joe Biden in Washington, D.C., Samsung Biologics CEO John Rim inked a “fill and finish” production deal with Moderna, which signifies the filling of vials with drug substances.Moderna is producing its COVID-19 vaccine using messenger RNA (mRNA) technology. Under the agreement, Samsung and Moderna said “Samsung Biologics will provide large

May 24, 2021By Baek Byung-yeul
Samsung Biologics hopes to produce substances for Moderna vaccine
Companies

Samsung-Moderna agreement may accelerate Korea's vaccine hub vision

President Moon Jae-in, center, poses with Samsung Biologics CEO John Rim, left and Moderna CEO Stephane Bancel during a vaccine partnership event held between Korea and the United States at a hotel in Washington, D.C., May 22. YonhapTwo companies sign deal to produce vaccines in Songdo factoryBy Baek Byung-yeulSamsung Biologics signed an agreement with U.S. biotechnology firm Moderna to manufacture its COVID-19 vaccine at Samsung's plant in Korea during President Moon Jae-in's visit to the U.S. capital, the two companies announced Saturday (local time).At a time when Korea has gone all out to secure enough COVID-19 vaccine supplies, the deal apparently raised expectations that the domestic vaccine supply will be scaled up and the Moon Jae-in administration's vision to nurture the country to become the vaccine manufacturing hub of Asia will be fulfilled. However, some say it is too early to praise the agreement or attribute it to Korea's high level of biotechnology, since Samsung Biologics and Moderna signed a “fill and finish” production deal, which signifies the filling

May 23, 2021By Baek Byung-yeul
Samsung-Moderna agreement may accelerate Korea's vaccine hub vision
  • Touted for exemplary pandemic response, Korea again in spotlight as global vaccine hub
Tech & Science

TSMC's tech advance builds pressure on Samsung

This photo taken on Mar. 25 shows two water trucks passing a TSMC factory in Taichung, central Taiwan. AFP-YonhapBy Baek Byung-yeulTSMC appears to be a step ahead of Samsung Electronics in the chip race, as the foundry business frontrunner claims to have succeeded in mass producing semiconductors using ultra-thin 1-nanometer processing technology.The Taiwan-based company recently announced in the science journal, “Nature,” that it had succeeded in developing the technology to mass produce 1-nanometer chips. The feat was achieved through joint research with the Massachusetts Institute of Technology (MIT) and National Taiwan University (NTU).Researchers succeeded in replacing silicon, an essential material for manufacturing semiconductors, with bismuth, a semimetal, to significantly reduce resistance and increase electrical current capacity. Energy efficiency would thus increase to the highest possible level for the chips.According to the U.K.-based tech website, Hexus, TSMC and the two universities worked together for over 18 months on the project. MIT made the key discove

May 20, 2021By Baek Byung-yeul
TSMC's tech advance builds pressure on Samsung
Companies

KOTRA names ex-Cheong Wa Dae official as new CEO

KOTRA's new CEO Yu Jeong-yeol speaks during an inauguration ceremony at the trade promotion agency's headquarters in Seoul, Thursday. Courtesy of KOTRABy Baek Byung-yeulThe Korea Trade-Investment Promotion Agency (KOTRA) said Thursday that Yu Jeong-yeol, who served as chief of the Ministry of Trade, Industry and Energy's industrial policy office and secretary for industrial policy at Cheong Wa Dae, took office as its new CEO.The new CEO succeeds former chief Kwon Pyung-oh, who retired on May 17 after completing his three-year term. Yu earned his bachelor's and master's degrees in aerospace engineering at Seoul National University and another master's degree in public administration at Harvard University.During an inauguration ceremony held at the agency's headquarters in Seoul, the new CEO emphasized the agency's mission to help Korean firms find more business opportunities in the post-COVID-19 era.“Now we are experiencing the COVID-19 pandemic that has shaken our lives and business environment. We have a mission of the times to make global business trends an opportunity factor

May 20, 2021By Baek Byung-yeul
KOTRA names ex-Cheong Wa Dae official as new CEO
Tech & Science

Samsung unveils new power management chips for DDR5 DRAM

Samsung Electronics' power management integrated circuit (PMIC) chips for DDR5 DRAM / Courtesy of Samsung ElectronicsBy Baek Byung-yeulSamsung Electronics unveiled three new power management chips that maximize performance and minimize power consumption of DDR5 DRAM modules, the chip giant said Tuesday.Since the company first launched its power management integrated circuit (PMIC) chips in 2010, Samsung has been releasing PMICs for mobile devices such as smartphones and tablet PCs, as well as other devices, including PCs, gaming consoles and wireless earphones.The company said that its new power management integrated circuit (PMIC) chips are S2FPD01, S2FPD02 and S2FPC01, and that they will be equipped with DDR5 DRAM modules, providing a more reliable and sustained performance.DDR5 DRAM is a next-generation type of dynamic random-access memory chip that boasts a faster data transfer speed compared to DDR4 DRAM. Demand for the product will be especially high in the fast-growing market for high-priced servers. While PMICs for DDR4 DRAM are located on a separate circuit board, new PMICs

May 18, 2021By Baek Byung-yeul
Samsung unveils new power management chips for DDR5 DRAM
Companies

Pernod Ricard Korea CEO heads overseas amid investigation

By Baek Byung-yeul Jean Touboul, CEO of Pernod Ricard Korea Jean Touboul, CEO of French liquor company Pernod Ricard's Korean unit, has returned to France, while under investigation over allegations of suppressing union activities.According to a May 16 report from local broadcaster JTBC, the CEO abruptly left Korea this month while he was being investigated by the Ministry of Employment and Labor for allegations that he has been trying to get rid of the union of Pernod Ricard Korea for years.Lee Kang-ho, a chief of the Korean unit's union, said employees of Pernod Ricard Korea were treated unfairly simply because of their union membership.“I was told not to work and put on hold for a change of duties for 15 months. This makes me tired,” Lee was quoted by the JTBC report as saying that the company forced him to take online education in a solitary office during his working hours.One employee said there have been no raises in the past 10 years, and claimed the company of

May 17, 2021By Baek Byung-yeul
Pernod Ricard Korea CEO heads overseas amid investigation
Tech & Science

Possible strike of Samsung Display union draws attention

Samsung Display's factory in Asan, south of Seoul / Courtesy of Samsung DisplayBy Baek Byung-yeulSamsung Display is on the verge of a strike, as its management and employees have failed to narrow down differences concerning their wage negotiations. If the union stages a walkout, this action would be the first case of a strike in the Samsung Group, which saw the launch of its first union in nearly half a century in late 2019.Eyes are on whether the union members actually will go on strike as the possible walkout could affect the union activities of other Samsung affiliates. Industry officials said Monday that the group should pay mind to the possibility of a production line stoppage, due to a strike, and the consequent disruption to operations with its overseas partners.Samsung Display's union said May 16 that they will hold a large-scale rally at the firm's workplace in Asan, South Chungcheong Province, on May 18. This action comes after the talks between management and the union failed to reach an agreement over wage negotiations. During the negotiations, the union demanded a wage i

May 17, 2021By Baek Byung-yeul
Possible strike of Samsung Display union draws attention
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