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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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Health

Novavax CEO to discuss vaccine supply with Moon

SK Bioscience's vaccine production plant in Andong, North Gyeongsang Province / Captured from SK Bioscience websiteBy Kim Bo-eunNovavax CEO Stanley Erck is set to meet with President Moon Jae-in Tuesday, to discuss supply of the U.S. biotech firm's COVID-19 vaccine here.Top executives of Novavax arrived on Monday in Korea to check on its vaccine production and discuss related issues with its contract manufacturer SK Bioscience and the government. The Novavax CEO will meet the President at Cheong Wa Dae for a meeting at 3 p.m., along with the trade and health ministers and officials of SK Bioscience, presidential spokeswoman Park Kyung-mee said in a written briefing to reporters. The meeting is intended to address expanding cooperation with Novavax in vaccine production and speeding up the drug authority's approval of the vaccine, she said.The government made a deal earlier with Novavax and the SK affiliate to secure 40 million doses of Novavax's COVID-19 vaccine for 20 million individuals. SK Bioscience contract-manufactures the vaccine, and as an in-licensing partner the company is

Apr 26, 2021By Kim Bo-eun
Novavax CEO to discuss vaccine supply with Moon
  • Gov't dismisses fears of COVID-19 vaccine fiasco
Tech & Science

Partnership on digital business

Executives of LG Uplus and Hana Financial Group pose after signing an agreement at the mobile carrier's headquarters in central Seoul, Friday, to cooperate in the development of digital-based products and services. From left are Hana Card Executive Director Lee Suk, Hana Card Senior Managing Director Kim Sung-joo, LG Uplus Senior Managing Director Im Kyung-hoon and LG Uplus Vice President Kim Nam-su. Courtesy of LG Uplus

Apr 25, 2021By Kim Bo-eun
Partnership on digital business
Tech & Science

Will Samsung seek to acquire NXP Semiconductors?

By Kim Bo-eunMarket observers are paying close attention to whether Samsung Electronics will purchase NXP Semiconductors, as reports continue about the possibility of the Dutch chip manufacturer finding a new owner. The possible acquisition is in focus due to the latest global shortage of automotive chips, which has forced global carmakers, such as GM and Ford, to shut down plants temporarily. Earlier this month, U.S. President Joe Biden convened a meeting with chipmaker executives to address the shortage issue.Samsung Electronics was one of the 19 companies that took part in the meeting, along with other foundry companies and auto manufacturers.Intel CEO Pat Gelsinger stated after the meeting that the company is in talks with firms that design automotive chips about initiating their manufacture within six to nine months. Local media reported that the White House may also have urged Samsung to contribute to resolving the automotive chip shortage.Samsung produces only a limited number of automotive chips. Data from market tracker Omdia shows Samsung ranked 24th in its global market sh

Apr 25, 2021By Kim Bo-eun
Will Samsung seek to acquire NXP Semiconductors?
Companies

Yuhan-Kimberly engaging consumers by stepping up social responsibility

Models promote Yuhan-Kimberly's campaign, in which 10 masks were donated to delivery workers and bus drivers for every social media post showing participants wearing masks. Courtesy of Yuhan-KimberlyBy Kim Bo-eunPersonal care manufacturer Yuhan-Kimberly is stepping up efforts to engage customers by continuing to be a socially responsible company.Last month, it launched a campaign in which participants upload photos wearing masks. Yuhan-Kimberly decided to donate 10 masks to delivery workers and bus drivers for every participant, setting aside a total of 100,000 masks for that purpose.The company said that the campaign was designed to raise awareness about the importance of wearing masks amid the COVID-19 pandemic.Yuhan-Kimberly also hosted an event in which it donated menstrual pads after reaching its viewership target for a live session.The company earlier pledged to donate 100,000 pads if the show managed to attract 100,000 viewers. More than 150,000 viewers joined the show.This pledge enabled a 250-percent increase in the sales of pads, from sales generated through a live show hel

Apr 25, 2021By Kim Bo-eun
Yuhan-Kimberly engaging consumers by stepping up social responsibility
Tech & Science

IBM Korea boosts hiring as HQ shifts biz to cloud, AI

By Kim Bo-eunIBM Korea CEO Song Ki-hongIBM Korea said Wednesday that it will hire up to 100 new people to work in the new business areas of cloud computing, big data and artificial intelligence (AI) as it seeks to transition into a cloud platform and cognitive solutions company.The move is seen as part of IBM's global efforts to restructure its business portfolio as sales from its legacy business in IT services have been declining for a decade.The U.S. tech firm spun off a large part of its IT management services operations to focus on cloud businesses as its next growth engine, seeking to compete with titans such as Amazon and Microsoft.IBM's cloud business sales rose 19 percent year-on-year in 2020, and there are projections that sales from cloud services could account for almost half of the company's total after a spin-off.The company acquired open source software provider Red Hat in 2019, one of multiple acquisitions by IBM to strengthen its cloud business.IBM is seeking to scale up its hybrid cloud business, which is a system that combines a private cloud with one or more public

Apr 23, 2021By Kim Bo-eun
IBM Korea boosts hiring as HQ shifts biz to cloud, AI
Companies

Renault Samsung offers EV test drives

Renault Samsung's Zoe EV model / Courtesy of Renault SamsungBy Kim Bo-eunRenault Samsung is offering test drives of its electric vehicles (EVs) for members of the public, as a means to promote interest in EVs.The carmaker has partnered with local authorities and the Korea Electric Vehicle Association (KEVA) to enable test drives of its EV model Zoe across the country. For this month, test drives are available in Cheongju, Busan, Gwacheon, Pyeongtaek, Yangpyeong, Gapyeong, Gimcheon and Sangju. Drives will be available in the cities of Sejong and Wonju in May.Participants will also be able to take part in an information session about the technologies incorporated in EVs.Renault Samsung is also running an event at Shinsegae Simon Premium Outlets, where visitors can test drive the Zoe and other models of the carmaker. The event will run until the end of this month.Visitors to Renault Samsung dealerships across the country will be able to test drive the QM6 until April 26. KEVA selected Renault Samsung's Zoe as this year's EV sedan. The model was the most-sold EV model in Europe last year

Apr 22, 2021By Kim Bo-eun
Renault Samsung offers EV test drives
Tech & Science

Samsung SDS to accelerate drive for cloud biz

By Kim Bo-eunSamsung SDS is preparing for business opportunities in cloud services for the public sector, the IT solutions affiliate said Thursday, as it seeks to focus on cloud computing as one of its next sources of revenue."We are expecting new business opportunities as public institutions are hoping to migrate their systems to the cloud," Koo Hyung-joon, head of the company's cloud business, said during a call to investors upon announcing the company's first-quarter results. "In the second quarter, we will focus on cloud systems for R&D and switching systems of the financial industry to the cloud to expand our cloud businesses and prepare for public-sector projects next year.”The Samsung affiliate is building a high-performance computing (HPC) data center specialized in artificial intelligence (AI), R&D and data analysis in Hwaseong, Gyeonggi Province, as demand for cloud services will be on the rise. "This will be the nation's first large-scale HPC data center," Koo said. The company is aiming for the data center to be completed by 2022.The company posted an operat

Apr 22, 2021By Kim Bo-eun
Samsung SDS to accelerate drive for cloud biz
Tech & Science

INTERVIEW Innovative local high-tech suppliers will enable Korea to truly lead chip market

Jusung Engineering Chairman Hwang Chul-joo motions during an interview with The Korea Times at the company's R&D Center in Yongin, Gyeonggi Province, Monday. / Korea Times photo by Shim Hyun-chulJusung Chairman highlights why components matter in an eco-system By Kim Bo-eun, Kim Yoo-chulYONGIN, Gyeonggi Province ― Jusung Engineering Chairman Hwang Chul-joo is considered a legendary figure, as one of the small number of entrepreneurs who founded Korea's first-generation venture companies. Hwang established Jusung, a manufacturer of semiconductor, flat-panel display and solar cell production equipment, back in 1993. The company became the country's first to export equipment used in the front-end manufacturing process for chips in 1997.Jusung holds the largest number of patents ― 2,167 ― particularly in the semiconductor equipment industry, and has developed 18 technologies recognized as world firsts.The company has made it through many ups and downs over the past decades, including losing a major client.What appears to have kept Jusung going is Hwang's relentless drive. To keep new

Apr 21, 2021By Kim Bo-eun
[INTERVIEW] Innovative local high-tech suppliers will enable Korea to truly lead chip market
Economy

Brokerages to increase stock lending for individual short sellers

By Kim Bo-eunA sign is seen in the corridor of the Financial Services Commission's office at the Seoul Government Complex in central Seoul. YonhapThe amount of stocks that individual short sellers are able to borrow is set to be expanded as part of a government measure to back retail investors, as the resumption of short-selling draws near.Short-selling is the practice of selling borrowed stocks and buying back the stocks at a later point, betting on being able to make a profit by purchasing the share at a lower price. The Financial Services Commission (FSC) banned the practice in March last year, in a bid to stabilize the market as the main KOSPI and tech-heavy KOSDAQ markets plummeted due to the COVID-19 pandemic.Retail investors have opposed the resumption of short-selling, slated for May 3, claiming this puts them on an uneven playing field with institutional investors which have greater access to capital and information enabling them to reap larger profits.The latest measure by the FSC will enable retail investors to borrow 2.4 trillion won in stocks from 28 brokerages. This is

Apr 20, 2021By Kim Bo-eun
Brokerages to increase stock lending for individual short sellers
Tech & Science

Hyundai names ex-Naver CTO as mobility biz head

By Kim Bo-eunSong Chang-hyun / Courtesy of Hyundai Motor GroupHyundai Motor Group appointed former Naver Chief Technology Officer Song Chang-hyun as the head of its new mobility division, Friday.The appointment came with the group's setup of a division for its Transportation as a Service (TaaS) business. The new division was created to integrate the group's mobility services and introduce new customer data-based service models, the company said.The automotive group said the information technology and software expert was scouted to enable Hyundai to think outside the box of the traditional car industry.Song was previously a software developer at global tech giants such as Apple and Microsoft. At Naver, he led the setup of Naver Labs, the portal operator's R&D subsidiary. Hyundai Motor is seeking to make the transition to a smart mobility company. During Song's term as chief of Naver Labs, the R&D unit hosted the nation's largest conference for developers, sought investments for promising tech startups both here and abroad, and acquired Xerox Research Center Europe, contributin

Apr 19, 2021By Kim Bo-eun
Hyundai names ex-Naver CTO as mobility biz head
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