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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's largest promotions focus on agility

Seen are newly appointed executive vice presidents of Samsung. From left are Ko Seung-hwan, executive vice president of the visual display division; Lee Kang-hyeob, executive vice president of the consumer electronics division; and Kim Hak-sang, executive vice president at the company's IT and mobile communications division. Courtesy of Samsung ElectronicsBy Baek Byung-yeulSamsung Electronics said Friday that it has conducted its largest-ever set of executive promotions by more than doubling the number of vice presidents to improve the firm's agility in responding to the rapidly-changing business environment amid the impact of the COVID-19 pandemic.During its personnel management of those in levels below the “C-suite,” the tech giant said it promoted 214 executives, the largest number of promotions since an executive reshuffle conducted at the end of 2017.Among the promotions, Samsung has named 31 new executive vice presidents as part of its effort to develop the company's future CEO-candidate pool.“Given the company posted an improved performance compared to last y

Dec 4, 2020By Baek Byung-yeul
Samsung's largest promotions focus on agility
Companies

Volkswagen asks government to mediate LG-SK feud

Logos for LG and SKBy Baek Byung-yeulVolkswagen has asked officials here to possibly “mediate” in the ongoing legal battle between LG Energy Solution and SK Innovation (SKI) over electric vehicle (EV) battery-making trade secrets due to concerns the matter could impact the industry's global supply chains, according to sources, Thursday.“I understand that Volkswagen recently asked the government to intervene in the ongoing legal feud between LG Energy Solution and SKI,” an official from the battery industry told The Korea Times asking for anonymity.Following the request, Cheong Wa Dae asked LG and SK representatives to give it the latest updates on the case, the official said. The specifics of the closed-door meeting are unknown. Spokespersons for both LG Energy Solution and SKI said the two companies did not meet with government officials on the issueHowever, another source said if the meeting took place, it could be interpreted as a “clear message” from global car manufacturers including Volkswagen and Ford that the legal issue should be addressed

Dec 3, 2020By Baek Byung-yeul
Volkswagen asks government to mediate LG-SK feud
Companies

China approves Com2uS for game distribution after 4 years

A poster for Com2uS's mobile game “Summoners War: Sky Arena.” / Courtesy of Com2uSBy Baek Byung-yeulA Korean game company has obtained a license from the Chinese government for a mobile game ― the first time for a Korean firm in nearly four years. The move is seen as a signal that domestic companies could get the opportunity to export their games to China.China's National Press and Publication Administration issued the license to the local game company Com2uS, Wednesday, for “Summoners War: Sky Arena.” Com2uS said the company applied for the license with the Chinese regulator in 2016. Released in 2014, “Summoners War: Sky Arena” is one of the company's most popular mobile games, generating over 80 percent of its profit in overseas markets.Korean game companies have been blocked from exporting their games to China since March 2017, when Beijing stopped issuing licenses as part of its retaliation for Korea's deployment of a U.S. THAAD missile defense system.China has the world's largest game market, amounting to about 40 trillion won ($36.5 billion).

Dec 3, 2020By Baek Byung-yeul
China approves Com2uS for game distribution after 4 years
Companies

Hyundai Motor Group unveils E-GMP electric car platform

Hyundai Motor Group's Electric-Global Modular Platform (E-GMP). The platform will be used to produce electric vehicles for the group's brands such as Hyundai, Kia and Genesis. / Courtesy of Hyundai Motor GroupBy Baek Byung-yeulHyundai Motor Group has played an ace in a bid to catch up to major electric vehicle (EV) players such as Tesla, unveiling its Electric-Global Modular Platform (E-GMP) for EVs, Wednesday.During a virtual press conference, the automotive group introduced the E-GMP, a dedicated battery electric vehicle (BEV) platform, designed to serve as core technology for the next-generation EVs of its brands ― Hyundai, Kia and Genesis.The group said cars produced on the platform are capable of a maximum driving range of over 500 kilometers on a fully charged battery. What makes the platform stand out is that the batteries can be charged up to 80 percent in 18 minutes and drive up to 100 kilometers after charging for just five minutes.“Today our front-wheel-driven Hyundai and Kia BEVs are already among the most efficient ones in their segments,” Albert Biermann, pr

Dec 2, 2020By Baek Byung-yeul
Hyundai Motor Group unveils E-GMP electric car platform
Companies

LG Chem to initiate 'Phase 1' trial of liver disease treatment

Researchers of LG Chem's life science division conduct new drug test in this photo provided by the company, Aug. 18. The company said Wednesday it received an U.S. Food and Drug Administration approval to initiate a phase 1 trial of treatment of nonalcoholic steatohepatitis. / Courtesy of LG ChemBy Baek Byung-yeulLG Chem said Wednesday that it has been given approval to commence a Phase 1 clinical trial of a liver disease treatment by the U.S. Food and Drug Administration (USFDA).The company said the USFDA cleared its Investigational New Drug (IND) for the treatment of nonalcoholic steatohepatitis (NASH) for the trial.LG Chem will begin the Phase 1 trial at the PPD Las Vegas Clinical Research Unit in Nevada, to evaluate the safety, tolerability, pharmacokinetics and pharmacodynamics of TT-01025, the candidate IND.NASH is a chronic and progressive liver condition. It can be dormant for a long period of time, but once it accelerates, severe damage and cirrhosis can occur, which may result in liver failure or even cancer.In August, LG Chem licensed the NASH treatment candidate TT-01025

Dec 2, 2020By Baek Byung-yeul
LG Chem to initiate 'Phase 1' trial of liver disease treatment
Companies

USITC set to delay ruling over LG-SK battery feud, again

LG Energy Solution CEO Kim Jong-hyun, left, and SK Innovation CEO Kim JunBy Baek Byung-yeulThe U.S. International Trade Commission (USITC) could postpone its final ruling over the legal battle between LG Chem and SK Innovation, slated for Dec. 10, once more, given the United States is facing rising COVID-19 cases and President-elect Joe Biden has started the transition of power, according to a top industry source, Tuesday.LG and SK have been in a legal tussle since April 2019 as the former filed lawsuits with the USITC and a local U.S. court, claiming that the latter misappropriated and used its trade secrets for electric vehicle batteries by hiring its ex-employees.The USITC already issued a preliminary ruling in favor of LG Chem in February. The trade commission was set to release its final ruling on Oct. 5, but postponed it to Oct. 26 and decided to delay it again to Dec. 10 without giving a reason.Given the USITC has delayed its final determination several times, the legal battle has become a controversial one only in Korea, while the U.S. has shown no interest in the suit.&ldquo

Dec 1, 2020By Baek Byung-yeul
USITC set to delay ruling over LG-SK battery feud, again
Companies

Hyundai, Kia set to ride on recovering car demand

This rendered image shows Hyundai Motor's electric vehicles under its IONIQ brand. / Courtesy of Hyundai MotorBy Baek Byung-yeulHyundai Motor and Kia Motors are expected to see an increase in car sales according to industry analysts, Monday, who claim that poor demand due to the impact from the COVID-19 pandemic this year will be soon mitigated. The two representative brands will also be able to enjoy an improved average selling price for their models as their strategy to concentrate on selling more expensive SUVs appears to be working they said.While competition in eco-friendly cars such as electric vehicles (EVs) is expected to intensify next year, they added Hyundai Motor Group's new Electric-Global Modular Platform (E-GMP) for EVs will make the automotive group stand out. This year, Hyundai and Kia saw sales plummet as the pandemic impacted global demand. In the third quarter, Hyundai sold 997,842 vehicles globally, a 9.6 percent drop compared with the same period in 2019. Its sister company Kia Motors sold 699,402 vehicles, a 0.4 percent decrease year-on-year.Though the two comp

Nov 30, 2020By Baek Byung-yeul
Hyundai, Kia set to ride on recovering car demand
Tech & Science

Samsung Electronics faces USITC investigation

Samsung Electronics' image sensors / Courtesy of Samsung ElectronicsBy Baek Byung-yeulSamsung Electronics is facing the U.S. International Trade Commission's (USITC) investigation for allegedly infringing on patented technologies related to image sensor technology held by the U.S. firm Pictos Technologies.The USITC said on Nov. 25 that it has voted to launch an investigation of certain digital imaging devices and products of Samsung in violation of Section 337 of the Tariff Act of 1930, which is aimed at regulating unfair trade practices involving the infringement of patents.The trade commission identified the subjects of the investigation as Samsung Electronics and its two U.S. affiliates ― Samsung Electronics America and Samsung Semiconductor.The investigation was launched after California-based company Pictos Technologies filed a complaint with the USITC claiming that cameras on Samsung devices infringed on patents and used technology that was stolen from it.By instituting this investigation, the USITC has not yet made any decision on the case. Its chief administrative law judge w

Nov 30, 2020By Baek Byung-yeul
Samsung Electronics faces USITC investigation
  • With Tencent, Samsung eyeing China, Europe
Tech & Science

Samsung Electronics nurtures young software developers

Participants take part in the 2020 Samsung Junior Software Cup, which was held online, at Samsung Electronics' Seoul R&D Campus, Saturday. / Courtesy of Samsung ElectronicsBy Baek Byung-yeulLogo for Samsung ElectronicsSamsung Electronics has recognized children who came up with creative ways to solve social issues with software through the Samsung Junior Software Cup competition.The tech giant held an award ceremony for awardees of the Samsung Junior Software Cup at its R&D Campus in Seoul, Saturday. Due to the virus pandemic, the ceremony was held online, inviting around 80 participants.The Samsung Junior Software Cup is one of the most representative corporate social responsibility (CSR) activities of Samsung Electronics. It is a software competition for students from elementary, middle and high schools nationwide.This year's competition featured 1,747 teams, or a total of 4,604 students, and 11 teams were chosen as winners.“For this year's competition, we adopted design thinking education, a method for problem solving by putting oneself in the user's shoes, to enhanc

Nov 29, 2020By Baek Byung-yeul
Samsung Electronics nurtures young software developers
Tech & Science

Samsung taking hardline stance against patent trolls

Samsung Electronics' semiconductor manufacturing plant in Hwaseong, Gyeonggi Province / Courtesy of Samsung ElectronicsBy Baek Byung-yeulSamsung Electronics is taking a hardline stance against non-practicing entities (NPEs) that mainly generate profit by “patent trolling.” Industry officials said Thursday that Samsung's recent countermeasure strategy against one NPE seeks to hinder further abuse of patent and licensing regulations and proactively protect its intellectual property.NPE refers to a company or a person who holds a patent or patent rights. Instead of manufacturing or exploiting the patented invention, the NPE generates profits by the negotiation of licenses.According to an industry source, Samsung recently filed a suit against Longhorn IP and its affiliate Trenchant Blade Technologies in the U.S. District Court for the Northern District of California, Nov. 20, seeking a declaratory judgment of non-infringement and to enforce a covenant not to sue.Samsung's legal action against Longhorn IP was begun as the Korean tech company believes the NPE breached an agreem

Nov 26, 2020By Baek Byung-yeul
Samsung taking hardline stance against patent trolls
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