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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

Samsung to enable S Pen for 2021 Galaxy S

By Baek Byung-yeulThis rendered image created by Dutch tech site LetsGoDigital shows Samsung Electronics' Galaxy S21 with the S Pen stylus. / Captured from LetsGoDigitalSamsung Electronics is expected to introduce the S Pen stylus ― which has been mainly supplied with its Galaxy Note ― for next year's flagship Galaxy S21 smartphone as part of its strategy to improve the user experience. According to a recent media report, the U.S. Federal Communications Commission tested the Galaxy S21 Ultra with an S Pen, hinting that the phone, which will be the most expensive gadget among the S21 lineup, would come with the stylus.Given Galaxy S21 smartphones will reportedly not have a slot to keep the stylus in, it is speculated that Samsung will release a smartphone case that can store it.Roh Tae-moon, Samsung Electronics' mobile business chief, has said the company will try to give consumers the experience it has provided with the Galaxy Note smartphones.“We've also been paying attention to people's favorite aspects of the Galaxy Note experience and are excited to add some of its most pop

Dec 25, 2020By Baek Byung-yeul
Samsung to enable S Pen for 2021 Galaxy S
Tech & Science

LG Electronics to build 'Hope Village' for vulnerable groups around the world

Kim Sa-nyoung, right, LG Electronics' East Africa managing director, delivers a blueprint for the company's Hope Village support program at an elementary school in Kenya, Dec. 15. / Courtesy of LG ElectronicsBy Baek Byung-yeulLG Electronics said Friday it is working on improving the living conditions of vulnerable groups around the world as part of its corporate social responsibility efforts. The tech company, alongside the non-profit Habitat for Humanity Korea, began carrying out Life's Good: Hope Village programs in Kenya, Vietnam, India and other countries this month.“This program is a part of the LG Come Home Challenge campaign that LG Electronics has carried out globally since September,” the company said, adding that money donated to Habitat for Humanity Korea is used to support the program.Habitat for Humanity Korea is a non-profit organization devoted to building and improving dwellings for families. With the organization, LG has conducted a campaign to help families with inadequate housing or a lack of housing during the pandemic.Through the Hope Village program,

Dec 25, 2020By Baek Byung-yeul
LG Electronics to build 'Hope Village' for vulnerable groups around the world
Tech & Science

US sanctions on China lifting Samsung, LG, SK

gettyimagesBy Baek Byung-yeulSamsung Electronics, LG Electronics, SK hynix and other Korean companies are expected to capitalize on the U.S. government's continued sanctions against Chinese companies, reinforcing the optimistic outlook for local tech firms in 2021, according to industry analysts and officials, Thursday.Throughout this year, the U.S. has imposed a series of sanctions on Chinese tech companies as part of an ongoing trade dispute. A representative case is Huawei Technologies which was banned from using American technology in its production of semiconductors.The ban prevents U.S. firms, or companies using American technology or software, from giving material assistance through trade to Huawei in the manufacture of its own chipsets used in its connected devices. Citing national security risks, Washington also recently blacklisted dozens of China's tech firms including its largest chipmaker SMIC.New sanctions are set to target TCL, one of the leading TV makers in China. U.S. Department of Homeland Security Acting Secretary Chad Wolf recently said his agency was reviewing t

Dec 24, 2020By Baek Byung-yeul
US sanctions on China lifting Samsung, LG, SK
  • China premier draws support for investment agreement with EU
Companies

LG Chem to develop cell, gene therapy

By Baek Byung-yeulLG Chem's headquarters in Seoul.LG Chem said Wednesday it is stepping up efforts to develop a gene and cell therapy that can be used for diseases that have no satisfactory method of diagnosis, prevention or treatment.The company said it signed a technology transfer agreement with a local stem cell therapy company, Medipost, to use the latter's MLSC technology that can culture high-efficiency mesenchymal stem cells and other cells.LG Chem and Medipost have conducted joint research since 2018 for the development of cell and gene therapy.LG Chem said the MLSC next-generation stem cell platform technology will enable the company to produce high-efficiency cells and help those cells reach their target cells to maximize treatment success.With this technological transfer, LG Chem plans to combine its genomic technology with the MLSC technology to further expand its gene and cell treatment pipeline.“We can confirm the possibility of developing innovative gene cell therapy through a two-year-long co-study with Medipost, which has the country's best competence in the st

Dec 23, 2020By Baek Byung-yeul
LG Chem to develop cell, gene therapy
Companies

Coupang's Rocket Delivery offers online gifting to woo shoppers

This shows the ranking of popular gift items available from Coupang. / Courtesy of CoupangBy Baek Byung-yeulCoupang, the country's largest e-commerce company, said Wednesday it has been expanding the scope of online gifting, with non-face-to-face purchasing becoming a common trend due to the COVID-19 pandemic.Previously, online gift giving was limited to relatively cheap coupons for coffee or birthday flowers, but now the scope of online gifting has extended to various purposes such as presents for seasonal holidays, weddings and housewarming parties.Coupang said its gifting service, launched in April, is enjoying increasing popularity because consumers can send presents using the company's signature next-day delivery service Rocket Delivery.The company said the gifting service has been well received by consumers as it offers a wide product selection.Among the items available, Coupang said health-related products such as red ginseng and nutritional supplements are the most popular. “The growing popularity of these food products can be seen as an exhortation to loved ones to bui

Dec 23, 2020By Baek Byung-yeul
Coupang's Rocket Delivery offers online gifting to woo shoppers
Tech & Science

Looming 'chip super-cycle' to hike prices benefiting Samsung, SK

By Baek Byung-yeulWith the stay-at-home lifestyle now established throughout the world as people seek shelter from the COVID-19 pandemic, Korea's foundry and memory chip businesses are seeing explosive chip demand, industry analysts said Tuesday.They indicated both the foundry business, which manufactures semiconductor chips based on the orders of chip design firms, and memory chip business are riding on the so-called semiconductor super-cycle thanks to rising chip demand.It has been almost three years since the chip industry began to struggle in the aftermath of the 2017-2018 semiconductor super-cycle. According to reports from thelec, a local tech media outlet, local foundry company DB HiTek notified its customers recently that it would increase the unit cost of production by up to 20 percent next year, and its customers accepted the proposal as there are no alternative foundry firms. As seen in the DB HiTek case, industry analysts said Samsung Electronics, SK hynix and other chip companies will likely benefit next year from the rising demand for semiconductors.Among the chip compa

Dec 22, 2020By Baek Byung-yeul
Looming 'chip super-cycle' to hike prices benefiting Samsung, SK
Tech & Science

Samsung denies 'foul play' about reports on compliance watchdog

Samsung Group leader Lee Jae-yong heads to a Seoul High Court to attend a re-hearing of his case, Monday. / YonhapBy Baek Byung-yeulSamsung has denied a media report that the conglomerate pulled strings behind the scenes regarding a court advisory panel's review of the group's compliance committee, saying that information it supplied was not manipulated.In a statement released Monday, the conglomerate said Media Today, a local review of journalistic reporting, stated that Samsung allegedly delivered different sources than those in a report submitted to the court. Some civic organizations also criticized the company's alleged move.Last week, the Seoul High Court made public the report from three experts, who assessed the activities of Samsung's compliance committee. The experts were former Constitutional Court Judge Kang Il-won, attorney Kim Kyung-soo and accountant Hong Soon-tak.In the 83-page report, the experts dealt with 18 detailed items in three categories ― the committee's effectiveness, the effectiveness of compliance monitoring in Samsung Group subsidiaries and the durability

Dec 21, 2020By Baek Byung-yeul
Samsung denies 'foul play' about reports on compliance watchdog
Tech & Science

Samsung's compliance body receives 'constructive review'

Samsung Electronics Vice Chairman Lee Jae-yong, center, heads to a court room to attend a re-hearing of his case at the Seoul High Court, Nov. 30. / YonhapBy Baek Byung-yeulSamsung's self-created compliance committee received a constructive review from a court advisory panel, being recognized for its effectiveness as a watchdog in ensuring the country's top conglomerate abided by the law and improved group-wide management transparency.As the group's leader Lee Jae-yong is undergoing a high court re-hearing over a bribery scandal involving jailed former president Park, it remains to be seen whether the group's efforts to be as transparent as possible will affect the ruling.The Seoul High Court recently made public the report of three experts who assessed the activities of Samsung's compliance committee. The experts ― former Constitutional Court Judge Kang Il-won, attorney Kim Kyung-soo and accountant Hong Soon-tak ― submitted their 83-page final report to the court Dec. 14.In the report, the former Constitutional Court judge expressed a positive view on the committee's activities, rec

Dec 20, 2020By Baek Byung-yeul
Samsung's compliance body receives 'constructive review'
Companies

Hyundai Motor Group betting big on Genesis GV80 in US

Genesis GV80 SUV / Courtesy of Genesis USABy Baek Byung-yeulHyundai Motor Group is set to jump on the SUV bandwagon in the United States with the GV80, a large-size SUV model from the group's luxury brand Genesis.Industry analysts said the GV80 will likely meet an explosive response in the U.S. market where SUV models are popular because the COVID-19 pandemic has ruined the global supply chain and delayed the launch of new SUVs, while Hyundai Motor Group has successfully managed its supply chain.Genesis rolled out the GV80 SUV last month with an aim to vie with luxury SUV players such as the BMW X5, the Mercedes-Benz GLE and the Lexus RX. Given the GV80 had garnered over 20,000 pre-orders before the official launch, industry analysts said the new SUV model will help enhance the competitiveness of Hyundai Motor Group in the U.S. market.For now, it seems the atmosphere is favorable in the U.S. as the GV80 has been received well by critics there.U.S. magazine Car and Driver recently gave the GV80 a 10 out of 10 rating, the highest scoring among the mid-size luxury SUV models. “Wit

Dec 20, 2020By Baek Byung-yeul
Hyundai Motor Group betting big on Genesis GV80 in US
Tech & Science

INTERVIEW 'One Asia Media aims to connect biz between Korea, US'

By Baek Byung-yeulHwang Jong-duck, CEO and president of One Asia MediaThe outbreak of the COVID-19 pandemic this year has made people understand how interconnected we are and the importance of global value chains as global trade has suffered a severe decline.Many industry analysts forecast the unilateral trade policies of U.S. President Donald Trump are not likely to be repeated under President-elect Joe Biden, and Hwang Jong-duck, CEO and president of One Asia Media, agreed that global value chains will see an upswing after the pandemic.Hwang, an expert specialized in connecting businesses between Korea and the United States, added that the prolonged crisis caused by the virus pandemic will be resolved in the long run, and now is the time to prepare for multilateral business cooperation in the post-pandemic period.“The COVID-19 pandemic has changed our way of life completely. The proliferation of contactless services has caused technological advances to affect us more closely and vividly. As mentioned earlier, most technological developments have been facilitated by U.S. start

Dec 16, 2020By Baek Byung-yeul
[INTERVIEW] 'One Asia Media aims to connect biz between Korea, US'
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