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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

SK hynix mass-produces new SSD for enterprise market

Seen is SK hynix's PE8110 E1.S solid-state drive. The company said Thursday it has started mass production of the new product targeting the enterprise market. Courtesy of SK hynixBy Baek Byung-yeulSK hynix has started mass production of its new PE8110 E1.S solid-state drive (SSD) targeting the enterprise SSD market, the chip maker said Thursday.After completing a self-certification process in March, the company will begin providing the new product to its customers starting next month.The PE8110 E1.S is based on the company's 128-layer NAND flash memory technology. More layers mean better capacity with enhanced bit density.Compared to its previous product PE6110, which is based on 96-layer NAND, the new product has 88 percent faster data reading and 83 percent faster data writing speeds, SK hynix said.“The new product can store a 4-gigabyte full HD movie in a second. PE8110 8TB, which has the largest storage capacity at 8 terabytes among its new product lineup, can store around 2,000 movies on one SSD,” the company said.With the mass production of the PE8110 E1.S, the comp

Apr 15, 2021By Baek Byung-yeul
SK hynix mass-produces new SSD for enterprise market
Tech & Science

Merck to up investment in Gyeonggi Province

Kai Beckmann, CEO of Merck's Electronics business, appears onscreen on the right, during a video conference with Gyeonggi Provincial Governor Lee Jae-myung, left screen, at Gyeonggi Provincial Office, Tuesday. During the meeting, the CEO said Merck plans to invest over 250 billion won in semiconductors and OLEDs through its business sites in the province for the next five years. Courtesy of Merck Korea

Apr 14, 2021By Baek Byung-yeul
Merck to up investment in Gyeonggi Province
Tech & Science

Huawei vows close cooperation with Korea's Digital New Deal drive

Huawei Korea CEO Sun Luyuan, center, speaks during the company's press conference at the Four Seasons Hotel Seoul, Tuesday. Courtesy of Huawei KoreaBy Baek Byung-yeulChinese telecommunications giant Huawei Technologies has vowed to deepen cooperation with the Korean government's Digital New Deal drive that aims to foster high-potential information and communication technology.“The Korean government announced its Digital New Deal policy and it is accelerating digital transformation in the whole economy by promoting non-face-to-face industries,” Sun Luyuan, CEO of Huawei Korea, told reporters during a press conference in Seoul, Tuesday. “Huawei is highly complementary to such drive and we are actively pursuing to support Korea's digital economic development.”Korea revealed its Digital New Deal scheme last year to increase investments in artificial intelligence (AI) and fifth-generation (5G) telecommunications services. With its cutting-edge 5G network products, the company aims to support the country to achieve the goal, the CEO added.Huawei held the conference

Apr 13, 2021By Baek Byung-yeul
Huawei vows close cooperation with Korea's Digital New Deal drive
Tech & Science

SK-LG settlement may press Samsung to invest more in US

Samsung Electronics' semiconductor plant in Pyeongtaek, Gyeonggi Province / Courtesy of Samsung ElectronicsBy Baek Byung-yeulThe White House will hold a meeting with global companies, including Samsung Electronics, on Tuesday morning (KST) to discuss the ongoing global semiconductor shortage issue. Given the fact that industry officials and analysts are expecting the Biden administration to demand a reorganization of the chip industry, centered on the U.S., the focus is moving to whether the Korean tech giant will decide to intensify its investments in the U.S.Samsung, the world's largest memory chip maker and second-largest foundry company, could be asked to increase its investment. Samsung is planning to expand its foundry production lines by possibly injecting $17 billion in Austin, Texas, where its contract-based chip-manufacturing line is located.It is reported that Samsung requested authorities in Texas to grant tax incentives for a period of over 20 years, which would be worth around $805.5 million, for its new $17 billion chip factory. However, the company has yet to confirm

Apr 12, 2021By Baek Byung-yeul
SK-LG settlement may press Samsung to invest more in US
  • Biden pledges more investment amid semiconductor shortage
Companies

Washington believed to be behind LG-SK battery settlement

SK Innovation's battery plant site in Georgia / Courtesy of SK InnovationBiden calls settlement 'win for American workers and the American auto industry'By Baek Byung-yeulLG Energy Solution (LGES) and SK Innovation (SKI) reached an eleventh-hour settlement over their protracted battery dispute, leaving U.S. President Joe Biden as the main beneficiary through his green economy drive, which aims to create more jobs by nurturing eco-friendly businesses, industry officials said Sunday.The two Korean EV battery makers said Sunday that they reached a settlement on the dispute over claims that SKI misappropriated LGES' trade secrets. The settlement came a day before the deadline for Biden's veto of a U.S. International Trade Commission's (USITC) decision to ban SKI from importing some batteries into the U.S.In a joint statement, SKI agreed to pay 2 trillion won ($1.78 billion) to LGES to settle the dispute.Under the agreement, SKI will pay 1 trillion won up front and another 1 trillion won in royalties. Also, they agreed to withdraw all their pending lawsuits both at home and abroad and wil

Apr 11, 2021By Baek Byung-yeul
Washington believed to be behind LG-SK battery settlement
  • SK to pay $1.78 bil. to settle battery dispute with LG
Tech & Science

White House meeting to speed up Samsung's US investment

Samsung Electronics' chip-making plant in Hwaseong, Gyeonggi Province / Courtesy of Samsung ElectronicsBy Baek Byung-yeulSamsung Electronics will participate in a White House meeting, Monday (local time), to address the global semiconductor shortage issue.Industry officials and analysts said Sunday that it remains to be seen whether the meeting will yield meaningful results. It also remains to be seen whether the Korean chip giant will speed up its investment plans in the United States as a result, they added.A Samsung Electronics official confirmed that company officials will attend the meeting, but declined to elaborate. It is reported that Choi Si-young, chief of Samsung's foundry business, will attend the meeting virtually. But the Samsung official added the company cannot confirm who else will attend the meeting between executives of global companies and White House officials.Samsung is the only Korean company to be invited to the meeting along with other big name companies such as Intel, Micron Technology, TSMC, Google, AT&T, General Motors, Ford and NXP.White House Press S

Apr 11, 2021By Baek Byung-yeul
White House meeting to speed up Samsung's US investment
Tech & Science

LG Electronics set for reevaluation after phone biz exit

LG Electronics employees conduct quality control checks of its Objet Collection Styler steam closets at its plant in Changwon, South Gyeongsang Province, March 2. Courtesy of LG ElectronicsBy Baek Byung-yeulWith LG Electronics expected to post its best-ever quarterly results thanks to soaring demand for home appliances in the first quarter, industry analysts said Thursday the tech company still has more room to grow due to its decision to exit the smartphone business.On Wednesday, LG Electronics announced its earnings guidance and expected its sales to hit 18.8 trillion won ($16.8 billion) and operating profit at 1.51 trillion won in the January-March period, up 22.7 percent and 39.2 percent year-on-year, respectively. The figures are the highest-ever in its history.Though the company didn't break down the figures across its business divisions, analysts attributed LG's performance to increased demand for its high-priced home appliances.Plus, the company also has benefited from increased sales of its appliances offering a steam sanitization feature, with more people paying attention t

Apr 8, 2021By Baek Byung-yeul
LG Electronics set for reevaluation after phone biz exit
Tech & Science

LG's exit from smartphone biz limits options for Korean consumers

LG Electronics' smartphones are displayed at the company's retail store in Seoul, Monday. YonhapBy Baek Byung-yeulLG Electronics' decision to exit from the smartphone business after 26 years is expected to increase the dominance of the two top players ― Samsung Electronics and Apple ― in Korea's smartphone market.Samsung, which currently holds around a 70 percent market share, is expected to further strengthen its dominance ― but concerns are growing that its monopolistic status here could limit consumer options and lead to hikes in mobile phone prices.In the bygone days of “feature” or “design-centric” phones, Korea's mobile phone market was controlled by several players including Samsung, LG, Motorola, Nokia and Pantech. But after smartphones became the norm, only three players were left vying on the local market.In 2020, Samsung held a market share of 65 percent, followed by Apple with 20 percent and LG with 13 percent, according to data from Counterpoint Research.Samsung grabbed a bigger slice of the pie this year as the world's largest phone maker release

Apr 6, 2021By Baek Byung-yeul
LG's exit from smartphone biz limits options for Korean consumers
Tech & Science

LG Innotek develops AI-based patent analysis system

LG Science Park in western Seoul, where LG Innotek's headquarters is located. Courtesy of LG InnotekBy Baek Byung-yeulLG Innotek CEO Jeong Cheol-dong / Courtesy of LG InnotekLG Innotek has built a patent analysis system based on artificial intelligence (AI) technology, as part of its bid to map out its research and development (R&D) direction better, the electronics parts affiliate of LG Group said Tuesday.Companies generally collect and analyze patent information to decide how they will develop new products or new technologies. Through their patent analysis systems, companies check to see that there is no similarity between their products or technologies and existing ones, for the purposes of protecting intellectual property and avoiding possible risks.However, LG Innotek said that its patent analysis system could become a “paradigm changer,” as it helps the company quickly analyze information by extracting which data is important and which data is worth ignoring.“Our patent analysis system can analyze the information of tens of thousands of patents in a short

Apr 6, 2021By Baek Byung-yeul
LG Innotek develops AI-based patent analysis system
Tech & Science

LG to focus on future mobility after exiting phone biz

LG Electronics' smartphones are displayed at the company's store in Seoul, Monday. YonhapKorean tech giant to quit making phones from July 31By Baek Byung-yeulLG Electronics announced Monday that it has decided to end its money-losing smartphone business and realign its business structure with a focus on new businesses, such as future mobility. The decision came at a board meeting of the Korean electronics giant, and following it the company will end its mobile phone business from July 31.LG described the decision as a strategic exit as the company needed to reallocate resources efficiently to promising areas such as electric vehicle (EV) components, connected devices, robotics, artificial intelligence and business-to-business platforms.Among the new business areas mentioned, the company is expected to concentrate on EV components given it has been expanding its presence gradually in emerging sectors such as EV and vehicle components. Last December, LG announced the establishment of a joint venture with automotive parts maker Magna International to manufacture electric motors, invert

Apr 5, 2021By Baek Byung-yeul
LG to focus on future mobility after exiting phone biz
  • LG Electronics partners KT to develop cross-platform AI services
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