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 aims for premium with MicroLED TVs

Models pose with Samsung Electronics' MicroLED TV at the company's store in Seoul, Thursday. / Courtesy of Samsung ElectronicsBy Baek Byung-yeulSamsung Electronics is taking an ambitious step to take the lead in the premium TV market, unveiling a new 110-inch TV that uses self-emitting MicroLED technology, the company said Thursday.Priced at 170 million won ($156,713), Samsung's MicroLED TVs apparently target consumers with high purchasing power who seek superior home entertainment. The company said it will start taking pre-orders at the end of December, with the official launch scheduled for the first quarter of next year.For the global market, Samsung aims to offer the MicroLED TVs in the United States, and Europe and Middle Eastern countries, and will expand the number of markets later.The global TV leader has already been selling its MicroLED TV called The Wall for business-to-business purposes since it first introduced the new type at the 2018 Consumer Electronics Show. MicroLED TVs are modular, with screens made of conjoined smaller panels. Millions of microscopic LED chips can

Dec 10, 2020By Baek Byung-yeul
Samsung aims for premium with MicroLED TVs
Companies

Hite Jinro heir Park Tae-young promoted to president

By Baek Byung-yeulNew Hite Jinro President Park Tae-youngHite Jinro heir Park Tae-young has been promoted to president of the local liquor and beverage giant's sales and marketing division, in a move to prepare for a generational shift in leadership. The company held its annual personnel reshuffle of executives on Tuesday and Park, the eldest son of Chairman Park Mun-deok, will serve as co-president with incumbent President Kim In-kyu. The chairman's second son Jae-hong has been promoted to vice president.Hite Jinro said the eldest son will focus on sales and marketing.The new president joined Hite Jinro in 2012 and was appointed to vice president in 2015. Since then, he has led the company's innovation and improved its marketing and sales capability. Park especially has been recognized for his efforts to improve sales of Hite Jinro's Terra lager beer and Jinro soju. Thanks to his efforts, the company's unprofitable beer business made a turnaround in 2019.With this promotion as a beginning, liquor industry officials said Hite Jinro is accelerating the group's third-generation success

Dec 10, 2020By Baek Byung-yeul
Hite Jinro heir Park Tae-young promoted to president
Companies

Samsung, Hyundai, LG ramp up charitable giving amid pandemic

Samsung Electronics Vice Chairman Lee Jae-yong, from left, Hyundai Motor Group Chairman Chung Euisun and LG Group Chairman Koo Kwang-moBy Baek Byung-yeulSamsung, Hyundai, LG and other conglomerates here are fulfilling their corporate social responsibility (CSR) activities by increasing their support for the community as many people are experiencing hard times amid the COVID-19 pandemic, industry sources said Wednesday.The conglomerates have specifically improved relief efforts to aid those hit by the coronavirus, offering massive donations, daily necessities and medical supplies to help people who have been impacted.Samsung donated 50 billion won ($46 million) to the Community Chest of Korea, Dec. 1. The group noted the donation will be used to support youth education, living costs for the socially vulnerable and improving and repairing social welfare facilities.Samsung said 13 affiliates including Samsung Electronics, Samsung Display and Samsung Biologics took part in the donation drive this year.Also, it decided to purchase 300,000 calendars made by nine non-profit organizations su

Dec 9, 2020By Baek Byung-yeul
Samsung, Hyundai, LG ramp up charitable giving amid pandemic
Companies

Hyundai Motor, LS ELECTRIC to jointly develop fuel cell power generators

Kim Sae-hoon, right, head of Hyundai Motor's fuel cell business, poses with Oh Jae-seok, head of LS ELECTRIC's global business division, after signing an agreement to jointly develop a fuel cell power generation system at the former's office in Yongin, Gyeonggi Province, Tuesday. / Courtesy of Hyundai MotorBy Baek Byung-yeulHyundai Motor Group has forged a partnership with LS ELECTRIC to jointly develop a hydrogen fuel cell power generation system and take the lead in the industry, the companies said Wednesday.The two companies signed a memorandum of understanding on Tuesday. Under the agreement, Hyundai Motor will kick off development of a power generation system based on hydrogen fuel cells while LS ELECTRIC will play a role in manufacturing the system and establishing its operating system. The two added they plan to introduce a demonstration system in 2021.Through the cooperation, they expect the system can be used to provide electricity for emergency and peak-time power generation at buildings and industrial sites. They forecast their product will be increasingly used because it

Dec 9, 2020By Baek Byung-yeul
Hyundai Motor, LS ELECTRIC to jointly develop fuel cell power generators
Companies

Genesis unveils GV70 SUV to vie with BMW X3, MB GLC

Genesis's new compact SUV GV70 / Courtesy of GenesisBy Baek Byung-yeulHyundai Motor Group's luxury brand Genesis has unveiled its first midsize SUV, the GV70, Tuesday, in the brand's effort to compete with strong compact SUV players such as the BMW X3 and the Mercedes-Benz GLC.Genesis held an online world premier for the midsize SUV, announcing the new vehicle will hit the Korean market this month and will be released in other countries in 2021.The estimated price of the GV70 in Korea will be between 49 million won ($45,210) and 75 million won, Genesis said, adding the final price tag and the release date will be announced later.Genesis' new compact GV70 SUV / Courtesy of GenesisThe success of the GV70 is critical for Hyundai Motor Group at a time when every car maker has been trying to beef up their SUV line to meet the rapidly-growing global demand for utility vehicles.With its distinctive exterior design, the GV70 has gained positive responses from car reviewers and potential buyers since Genesis unveiled a teaser image in September. Jay Chang, global head of Genesis, said the com

Dec 8, 2020By Baek Byung-yeul
Genesis unveils GV70 SUV to vie with BMW X3, MB GLC
Companies

LG Chem kicks off 'LIKE GREEN' CSR program

By Baek Byung-yeulSeen is a recruiting poster for LG Chem's LIKE GREEN corporate social responsibility program. / Courtesy of LG ChemLG Chem has launched its LIKE GREEN online program to educate elementary and middle school students about environmental and science issues as part of its corporate social responsibility (CSR) program, the company said Tuesday.With the COVID-19 pandemic still rampant, LG Chem came up with the non-face-to-face CSR program to raise interest in environmental issues through online group activities with collegiate mentors. In cooperation with non-profit organizations such as Korea Food for the Hungry International, LG Chem is recruiting 100 elementary and middle school students for the LIKE GREEN program.For those who are interested in joining the program, LG Chem is receiving applications on its webpage at likegreen.kr until Dec. 21. The applicants are required to present self-introduction videos of around 30 seconds and applications illustrating their interest in environmental and science issues.With the college mentors, the selected students will take part

Dec 8, 2020By Baek Byung-yeul
LG Chem kicks off 'LIKE GREEN' CSR program
Companies

KGC to develop ginseng-based immunity booster with vaccine institute

KGC CEO Kim Jae-soo, right, poses with Jerome Kim, director-general of the International Vaccine Institute, after signing an agreement to develop immunity boosting products at the Seoul National University, Dec. 3. / Courtesy of KGCBy Baek Byung-yeulThe Korea Ginseng Corporation (KGC) signed an agreement with the International Vaccine Institute (IVI), the company said Monday to develop immunity boosting products using ginseng.The company said it held a signing ceremony for a memorandum of understanding (MOU) with the IVI at Seoul National University, Dec. 3, between its CEO Kim Jae-soo and IVI Director-General Jerome Kim.Under the agreement, the KGC and IVI will jointly develop immunity boosters, taking advantage of KGC's Cheong Kwan Jang ginseng products. KGC said immunity boosters are substances that enhance the immune response via the introduction of antigens and they are needed when developing vaccines.Through the MOU, KGC will provide 12 kinds of ginsenosides contained in Cheong Kwan Jang's red ginseng products to the IVI and the vaccine research institution is expected to study

Dec 7, 2020By Baek Byung-yeul
KGC to develop ginseng-based immunity booster with vaccine institute
Tech & Science

SK hynix develops 176-layer NAND flash chips

By Baek Byung-yeulSK hynix's 176-layer NAND flash chips / Courtesy of SK hynixSK Hynix announced Monday that it has successfully developed a 176-layer semiconductor further heating up the competition among NAND flash chip manufacturers.The company said it has successfully developed 176-layer, 512 gigabyte, triple-level cell (TLC) 4D NAND flash chips, which have a much improved data transfer speed. It already provided product samples to manufacturers who will commence development procedures to produce various flash memory devices such as solid-state drives (SSDs) and SD cards with the new technology.Since its 96-layer NAND flash products the company has applied its own four-dimensional (4D) technology to develop new chips. Compared to chips based on 3D technology, semiconductors using 4D NAND technology have a higher density and are more efficient.The 176-layer NAND flash chips will be used for mobile devices starting next year, and use in SSDs for both enterprises and consumers will follow, the company said.SK hynix said the new 176-layer NAND flash is its third-generation 4D product

Dec 7, 2020By Baek Byung-yeul
SK hynix develops 176-layer NAND flash chips
Tech & Science

Huawei's slide sets Samsung to take on Chinese rivals

Samsung Electronics' Galaxy Z Fold 2 smartphone / Courtesy of Samsung ElectronicsBy Baek Byung-yeulSamsung Electronics will face fierce competition next year from Chinese smartphone makers such as Xiaomi, Oppo and Vivo as they look to seize Huawei Technologies' market share after the company has been hit by U.S. sanctions, according to industry analysts Sunday.Huawei has fallen on tough times as Washington banned the supply of components made with U.S. equipment, software or design to the Chinese firm without prior approval, citing security concerns.Industry analysts said Huawei is forecasted to sell 110 million smartphones in 2021, about a 42 percent decrease from 2020. Adding that there would be no dramatic changes in terms of lifting the sanctions under the new U.S. administration, they noted Chinese smartphone component makers have received an increased amount of orders.Due to the continued sanctions, Huawei decided to sell its smartphone brand Honor ― budget smartphones targeting young consumers ― to a consortium of companies, some of which are backed by the Chinese government.

Dec 6, 2020By Baek Byung-yeul
Huawei's slide sets Samsung to take on Chinese rivals
Tech & Science

Will KT be able to restructure its business?

By Baek Byung-yeulKT CEO Ku Hyeon-moKT is inching toward announcing its annual reshuffle of executives this month and attention is growing over whether the telecommunications company will roll out a business restructuring plan.For KT, transforming its business structure has become an urgent task given its arch-rival SK Telecom has been successfully morphing into a big tech company with business operations in various emerging sectors such as e-commerce, future mobility and even chips used in data centers.Regarding restructuring, a KT official said Friday nothing has been decided yet as the company hasn't announced the list of changes in its annual reshuffle of senior officials.“The company is set to announce its annual reshuffle of executives no later than the third week of December. We will be able to provide more detailed information about the restructuring of the business after that,” the official said.Investors have called on KT to come up with a drastic way to improve shareholder value as the company has been heavily dependent upon the highly-competitive ― and increas

Dec 4, 2020By Baek Byung-yeul
Will KT be able to restructure its business?
previous page
226227228229230
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.