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Kim Bo-eun

Korea Times Digital Content Reporter

Bo-eun leads the digital content team. She has covered foreign affairs, North Korea, tech, economy and gender issues at The Korea Times. She did a short stint at the South China Morning Post in Hong Kong, where she obtained a new perspective on news production and life. Small sources of joy for her are lounging in the sun, having a good latte and swimming.

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Tech & Science

Samsung signs collective agreement with unions ahead of leader's release

Samsung Electronics' labor unions and management signed their first collective agreement at the company's Kiheung campus in Yongin, Gyeonggi Province, Thursday. From left are Samsung Electronics' Head of Device Solutions HR Choi Wan-woo, President Kim Hyun-suk, Federation of Korean Trade Unions' Head of Metal Craftsmanship Kim Man-jae and Samsung Electronics' Office Workers' Union Head Kim Hang-yeol. Courtesy of Samsung ElectronicsBy Kim Bo-eunSamsung Electronics on Thursday signed a collective agreement with its four labor unions for better working conditions, a day before the conglomerate's leader, Lee Jae-yong, is to be released from prison. The main electronics company of Samsung Group signed the agreement with its unions at its Kiheung Campus in Yongin, Gyeonggi Province. Samsung Electronics' President & CEO Kim Hyun-suk attended the event, with representatives of the company's four unions."We hope that emplyees and management will create a future of development based on mutually sincere communication and cooperation,” Samsung CEO Kim was quoted as saying, in a press r

Aug 12, 2021By Kim Bo-eun
Samsung signs collective agreement with unions ahead of leader's release
Tech & Science

Samsung Electro-Mechanics develops MLCC for self-driving vehicles

The image shows Samsung Electro-Mechanics' newest small-size and high-capacity multi-layer ceramic capacitors (MLCCs) used in self-driving vehicles. Courtesy of Samsung Electro-MechanicsBy Kim Bo-eunSamsung's electronics component manufacturing affiliate said Thursday it has developed two types of multi-layer ceramic capacitors (MLCCs) that are key component in self-driving cars and electronic devices such as smartphones and household appliances cars. MLCCs stabilize flow of electric current through circuits.Samsung Electro-Mechanics announced that it had produced small-sized and ultra-high capacity MLCCs that can be used in advanced drive assist systems in autonomous cars. The systems control lane departure warnings and smart cruising, which automatically adjusts the vehicle's speed to maintain a safe distance from vehicles ahead.Global carmakers transition toward energy saving electric vehicles (EVs) is raising demand for high-performance chips and other components. Therefore, small-sized and high-capacity MLCCs are required given the lack of loading space based on an increase in t

Aug 12, 2021By Kim Bo-eun
Samsung Electro-Mechanics develops MLCC for self-driving vehicles
Tech & Science

Samsung unveils Galaxy Z Fold3, Z Flip3

Samsung Electronics' Head of Mobile Communications Business Roh Tae-moon presents the Galaxy Z Fold3 and Galaxy Z Flip3 at the company's Galaxy Unpacked 2021 event held online, Wednesday. Courtesy of Samsung ElectronicsBy Kim Bo-eunSamsung Electronics presented the latest models of its premium foldable phones at slashed prices, Wednesday, as part of its survival strategy at a time when Chinese smartphone vendors are encroaching on its market share. Unveiled at the company's online “Unpacked” event were the Galaxy Z Fold3 5G and Galaxy Z Flip3 5G, featuring improvements from previous models in terms of durability, entertainment experience and design, according to the company. The new models will be launched in the U.S., Europe and Korea, Aug. 27, priced at a respective $1,799.99 and $999.99.The latest models are rated IPX8 water resistant for the first time and are constructed from Armor Aluminum ― the strongest aluminum ever used on a Galaxy smartphone ― along with the Corning Gorilla Glass Victus to protect against scratches and accidental drops. Both devices also have a

Aug 11, 2021By Kim Bo-eun
Samsung unveils Galaxy Z Fold3, Z Flip3
Tech & Science

SKT pays out 1st quarterly dividends

Telecom firm aims for new investment entity to achieve net worth of 75 trillion won in 2025By Kim Bo-eunSK Telecom (SKT) said Wednesday that it executed its first quarterly dividend payouts in the second quarter, on the back of competitive earnings and stable cash flows.SKT, the country's top mobile carrier, said it will determine the total dividend payouts for the year within a range of 30 percent to 40 percent of its earnings before interest, taxes, depreciation and amortization (EBITDA), minus capital expenditures."This is the dividend policy of SKT, the existing entity, following its being split into two entities. The dividend payout policy of the new entity will be decided based on the board's discussions after its launch," SKT said in a statement.A dividend of 2,500 won per ordinary share (ORDs) was paid to investors holding SKT stocks as of June 30, by Wednesday. The total amount of dividend payouts is 177.9 billion won. This is the first time that SKT has paid quarterly dividends to shareholders. SKT paid a total of 10,000 won in dividends per ORDs on an annual basis, but thi

Aug 11, 2021By Kim Bo-eun
SKT pays out 1st quarterly dividends
Tech & Science

Four key tasks Samsung chief needs to address after parole

Lee Jae-young urged to focus on bolstering smartphone and chip biz, playing role in Moderna vaccine supplyBy Baek Byung-yeul, Kim Bo-eunAnticipation is high for Samsung Electronics' next moves, as its de facto leader Lee Jae-yong will be released on parole Friday. Many critical decisions involving major investments in the foundry business and M&As for future growth had to be put on hold while Lee was behind bars for his involvement in a bribery scandal with impeached former President Park Geun-hye.While the tycoon faces some restrictions such as on regaining his title as vice chairman, these could be eased, with a presidential pardon for Lee not entirely ruled out yet. But with its leader out of prison, Samsung should be able to address pending tasks. This was the major reason the government decided to allow Lee's release on parole, Justice Minister Park Beom-kye said ― to enable Korea's largest conglomerate to take key steps amid economic uncertainties posed by the COVID-19 pandemic. Samsung's market capitalization accounts for 30 percent of Korea's market cap, and the conglomer

Aug 10, 2021By Kim Bo-eun
Four key tasks Samsung chief needs to address after parole
Tech & Science

GM EV recall costs to weigh on LG affiliates

LG Electronics' headquarters in Seoul / YonhapBy Kim Bo-eunThe costs of General Motors recalling its LG battery-loaded Chevrolet Bolt electric vehicles (EVs) are set to weigh on LG's battery unit as well as its electronics affiliate. GM said last month that it decided to recall nearly 69,000 of its Bolt EVs produced in 2017 to 2019, after reports of two fires, to address the risk of battery fires in these vehicles. The carmaker has identified “the simultaneous presence of two rare manufacturing defects in the same battery cell as the root cause” of battery fires in certain Bolt EVs. This news comes after the recall was issued for Bolt EVs in November over fire risks. GM stated as it unveiled its second-quarter earnings last week that it has reflected the recall costs of $800 million in its financial sheets. These costs constitute a substantial chunk of the total $1.3 billion in warranty expenses incurred by the carmaker in the second quarter.For the recall this time, GM said that it would replace “defective battery modules.” Such replacements are likely to bur

Aug 9, 2021By Kim Bo-eun
GM EV recall costs to weigh on LG affiliates
Companies

INTERVIEW KGCCI aiming for '400 years of success'

German Chamber of Commerce says time is right to adjust Korea-EU FTA, address travel restrictionsBy Kim Bo-eun Korean-German Chamber of Commerce and Industry (KGCCI) Chairperson Park Hyun-nam, right, poses with KGCCI President & CEO Martin Henkelmann at KGCCI's office in central Seoul, Aug. 4. Korea Times photo by Shim Hyun-chul Last year, South Korea became Germany's second-largest export market in Asia, after China. This status was backed by strong demand for German vehicles, as Korea's consumer sentiment was relatively less affected than other countries' by the COVID-19 pandemic at the time. But the increase in German exports to Korea could also be attributed to the long-standing economic cooperation between the two countries, to which the Korean-German Chamber of Commerce and Industry (KGCCI) has contributed significantly.The KGCCI is the second-largest foreign chamber of commerce in Seoul, with nearly 500 member companies. The local chamber of commerce of the wor

Aug 8, 2021By Kim Bo-eun
[INTERVIEW] KGCCI aiming for '400 years of success'
Tech & Science

Samsung loses global No. 1 smartphone sales ranking to Xiaomi in June

Xiaomi's Mi 11 Ultra / Courtesy of XiaomiBy Kim Bo-eunSamsung Electronics for the first time gave the global No. 1 smartphone sales ranking to Xiaomi in June. While the Chinese vendor's rise is attributed to temporary factors, Samsung is facing an increased threat from its competitor, given that Xiaomi for the first time also overtook Apple to clinch second place in the global smartphone market share in the second quarter.According to market tracker Counterpoint Research, Thursday, Xiaomi accounted for 17.1 percent of global smartphone sales in June, followed by Samsung with 15.7 percent and Apple with 14.3 percent. Xiaomi's sales grew 26 percent in June from the previous month. Counterpoint Research attributed this to Xiaomi's aggressive expansion and Samsung's smartphone supply constraints due to production disruptions at its Vietnam plant amid the COVID-19 pandemic. “Ever since the decline of Huawei commenced, Xiaomi has been making consistent and aggressive efforts to fill the gap created by this decline. The original equipment manufacturer (OEM) has been expanding in Huawe

Aug 6, 2021By Kim Bo-eun
Samsung loses global No. 1 smartphone sales ranking to Xiaomi in June
Tech & Science

Kakao vows to make entertainment unit global content firm in coming years

By Kim Bo-eunKakao Chairman Kim Beom-suInternet giant Kakao pledged to foster the group's entertainment affiliate into a global content firm in the coming years, Friday. "Kakao Entertainment's structure is now complete, with content, music and media businesses," Kakao Executive Vice President Jay Bae said in an earnings call for the second quarter."We are expecting the affiliate to become a global content firm within the next three years, based on its intellectual property value chains."Kakao Entertainment was launched in January via the merger of KakaoM and KakaoPage. Kakao Entertainment has over 8,000 intellectual property rights to original stories from KakaoPage, including webcomics and web-based novels. The business has a presence in 10 countries including the U.S., Japan and a number of countries in Southeast Asia. KakaoM operated a music and video content production and distribution business. The integrated entity will be merged in September with Melon Company, a music streaming business.Bae said Kakao is aiming for its Japanese subsidiary's webcomic platform Piccoma to achiev

Aug 6, 2021By Kim Bo-eun
Kakao vows to make entertainment unit global content firm in coming years
Companies

SK Innovation to split off battery business

SK Innovation CEO Kim Jun speaks about the company's eco-friendly transition at an event held July 1. Courtesy of SK InnovationBy Kim Bo-eunSK Innovation (SKI) said Wednesday that it will separate its battery and petroleum development divisions into two new entities in October. The spin-off is aimed at pushing for a successful initial public offering (IPO) of the battery unit by heightening the expertise of the business and improving its corporate value. The specifics regarding the IPO have yet to be revealed."We plan for the new battery affiliate to become the third largest player in the global electric vehicle (EV) battery market in 2022, based on (annual) sales volume," SK Innovation's head of strategy Kim Cheol-joong told investors in an earnings call for the second quarter. SKI is the world's sixth largest EV battery maker, according to SNE Research. The company was late in entering the market, but is rapidly catching up with its chief rivals. SKI said in July its battery business has over 1 terawatt in book orders. The battery maker's global battery production capacity currentl

Aug 4, 2021By Kim Bo-eun
SK Innovation to split off battery business
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