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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

SKT goes up against Kakao for mobility services market share

SK Telecom CEO Park Jung-ho speaks at a shareholders' meeting where the decision was made to set up a new corporate body for mobility services, Nov. 26. / Courtesy of SK TelecomBy Kim Bo-eunAll eyes are on SK Telecom's new mobility unit that launched, Tuesday, given it is set to engage in a fierce battle for market share with Kakao mobility.The new corporate body is headed by Lee Jong-ho, who headed mobility services at SK Telecom. Members of the firm are comprised of employees who had been in charge of mobility services at the telecommunications company, as well as newly recruited members.T Map Mobility will develop a platform offering car sharing, cab hailing and chauffeur services as well as parking information and payment services. T Map is SK Telecom's version of Google Map and the company offers an automotive navigation system based on the map.In addition, T Map Mobility will offer in-car information and entertainment services developed by SK Telecom, which include artificial intelligence (AI)-based voice recognition, music streaming and mobile payment services. In the longer t

Dec 29, 2020By Kim Bo-eun
SKT goes up against Kakao for mobility services market share
Tech & Science

LG's 2021 keywords: Quality, safety, environment

LG Group Chairman Koo Kwang-mo, right, looks at an EV battery model under development in this file photo. / Courtesy of LGBy Kim Bo-eunLG Group has identified key areas of focus as it enters a tougher business environment next year.In a recent meeting with CEOs of major affiliates, LG Group Chairman Koo Kwang-mo presented “quality, safety and environment” as the group's next year core initiatives, according to LG, Monday."Let each of the members of the group work with a sense of responsibility that LG products are those used by my family members and LG is where my family members work," Koo was quoted as saying at the meeting in a press release by the group. The latest online meeting convened 40 top executives of LG Group. They included Vice Chairman and LG Household & Health CEO Cha Suk-yong, LG Vice Chairman Kwon Young-soo, Vice Chairman and LG Chem CEO Shin Hak-cheol and LG Electronics CEO Kwon Bong-seok.The executives agreed it would be critical to seek new opportunities in an increasingly challenging environment with increased uncertainties amid the spread of the

Dec 28, 2020By Kim Bo-eun
LG's 2021 keywords: Quality, safety, environment
Tech & Science

Will EcoProBM challenge Japan's Sumitomo in high nickel tech?

Officials of Samsung SDI and EcoProBM participate in a plant groundbreaking ceremony for a new joint venture, EcoProEM, in Pohang, North Gyeongsang Province, Nov. 18. / Courtesy of Samsung SDIBy Kim Bo-eunIndustry insiders are watching local battery materials maker EcoProBM, after its aggressive investments in production facilities in partnership with major battery cell manufacturers.EcoProBM is the top ranking firm in the local cathode material manufacturing market. Globally, it ranks second, after Japan's Sumitomo Metal. A cathode is one of the four major components in an EV battery, and has a great impact on performance, safety and price.Japan's Sumitomo only supplies nickel, cobalt and aluminum (NCA) materials to Tesla. EcoProBM produces both NCA and nickel, cobalt and manganese (NCM).EcoProBM partnered with Samsung SDI in February to set up a joint venture, EcoProEM, to construct a cathode material plant in Pohang, at a cost of 180 billion won, with plans to begin production by the first quarter of 2022. The plant will exclusively supply 30,000 tons of NCA annually to Samsung SD

Dec 25, 2020By Kim Bo-eun
Will EcoProBM challenge Japan's Sumitomo in high nickel tech?
Tech & Science

Battery makers seeking to reduce China dependency

LG Energy Solution researchers pose with the company's battery cells at its R&D center in Daejeon, in this photo provided by the company, Wednesday. Courtesy of LG Energy SolutionBy Kim Bo-eunBattery makers here are seeking to diversify their suppliers, as a means to reduce their dependency on sourcing from China, amid intensifying competition with China and Japan in the EV battery market. Governments of the countries have pledged to foster the EV industry, and the battery market is heating up. Korea's LG Energy Solution (LGES), China's CATL and Japan's Panasonic are in a race to become the top supplier of EV batteries. Samsung SDI and SK Innovation have also seen a rise in market share.Battery makers have mainly sourced materials from China, but as competition intensifies they are turning their attention to other countries as well.This is seen as a strategy to secure a stable supply of materials to keep up with the demand and prepare for uncertainties surrounding China amid the competition.LGES recently made a deal with the Chile-based lithium producer SQM for the second-largest

Dec 25, 2020By Kim Bo-eun
Battery makers seeking to reduce China dependency
Economy

KOSPI surpasses 2,800 mark

A dealer passes a monitor at Hana Bank's headquarters in central Seoul, Thursday, after the benchmark KOSPI surpassed the 2,800 mark for the first time, closing at an all-time high of 2,806.86, up 1.7 percent from the previous day's close. The rally was backed by Korea securing additional COVID-19 vaccine supply deals. / Yonhap

Dec 24, 2020By Kim Bo-eun
KOSPI surpasses 2,800 mark
Tech & Science

Will Samsung's governance structure be affected by inheritance tax payments?

Samsung family members are seen in this photo taken at CES 2010 held in Las Vegas. / Courtesy of Samsung ElectronicsBy Kim Bo-eunAttention is focusing on how the family members of the late Samsung Electronics Chairman Lee Kun-hee will pay inheritance taxes on stocks they will receive, after the amount was finalized at 11.04 trillion won, Tuesday. This is 12 times the amount of inheritance tax to be paid by family members of the late LG Group Chairman Koo Bon-moo.The inheritance tax on the stocks is calculated based on the average price of the stocks over a period of four months ― two months prior to death and two months after. About a 60 percent tax rate is imposed on the calculated figure of 18.97 trillion won.Legal heirs of Lee are his widow Hong Ra-hee, son and Samsung Electronics Vice Chairman Lee Jae-yong, oldest daughter and Hotel Shilla CEO Lee Boo-jin and younger daughter and Samsung Welfare Foundation Chairwoman Lee Seo-hyun.Views are that family members will opt to pay the inheritance tax over a five-year period after first paying a one-sixth installment. This is the strate

Dec 24, 2020By Kim Bo-eun
Will Samsung's governance structure be affected by inheritance tax payments?
Tech & Science

Digital health, streaming technologies key themes for CES 2021

Consumer Technology Association Executive Vice President of CES Karen Chupka, right, and Vice President of Sales and Business Development Brian Moon speak during an online briefing with media outlets in the Asia-Pacific region, Tuesday. / Courtesy of The Hoffman AgencyBy Kim Bo-eunAmid COVID-19, digital health and streaming technologies will be among the key themes of CES 2021, according to the Consumer Technology Association (CTA) which produces the world's largest tech expo."One of the most important themes is digital health ― there has been so much new technology that has come to market because of the pandemic," CTA Executive Vice President of CES Karen Chupka said in an online briefing with media outlets in the Asia-Pacific region, Tuesday. She referred to technologies in telemedicine and digital therapeutics.Chupka also said there will be a focus on new streaming technologies."This includes new ways entertainment has come to the market and there will also be sessions looking at education," she said. "Education has shifted so much this past year due to everything that happened fr

Dec 23, 2020By Kim Bo-eun
Digital health, streaming technologies key themes for CES 2021
Tech & Science

LG Signature holds online opening

LG Electronics said Tuesday it held an online opening for LG Signature, a product showroom-slash-art gallery. Its Signature section exhibits LG's fridges, washing machines, TVs and air conditioners and features artistic performances centered around the appliances. The other section exhibits works of local and overseas artists. / Courtesy of LG Electronics

Dec 22, 2020By Kim Bo-eun
LG Signature holds online opening
Tech & Science

Will Naver succeed in 3rd attempt to enter Japan market?

Naver founder and global investment officer Lee Hae-jin will lead the holding company of Line and Yahoo Japan. / Courtesy of NaverBy Kim Bo-eunEyes are on Naver's latest move to enter Japan's search engine market, given this is its third attempt after two failures.Korea's No. 1 portal is confident about its third entry, which raises the question of whether circumstances are any different this time. "We believe we will certainly be able to succeed this time," Naver's head of Search CIC Kim Sang-beom said at DEVIEW 2020, a conference for developers held Nov. 25. Naver in 2000 established Naver Japan, a subsidiary in charge of the portal business there. However, services were scrapped in January 2005, as Naver failed to eke out a market share given the dominance of Yahoo Japan and Google.Naver tried again in 2007, setting up the subsidiary another time, but pulled out at the end of 2013.In 2018, Naver stated it would take its search services to Japan for the third time. As part of preparations, the company merged its search technology R&D unit and its unit developing artificial inte

Dec 22, 2020By Kim Bo-eun
Will Naver succeed in 3rd attempt to enter Japan market?
Tech & Science

LG CNS partners with Samjong KMPG in smart factory security

LG CNS DTI ExecutiveVice President Hyun Shin-gyoon, left, and Samjong KPMG Accounting's head of consulting services Jung Dae-gil hold up an agreement for the companies to work together in the smart factory security business, at Samjong's headquarters in southern Seoul, Monday. / Courtesy of LG CNSBy Kim Bo-eunIT service company LG CNS said Monday it partnered with Samjong KPMG in the smart factory security business.LG CNS' smart factory security systems have been adopted by 40 smart factories here and overseas. Samjong KPMG, meanwhile, has an organization in charge of smart factory security consulting which is providing services for Korea's top companies.The two firms held a ceremony, Monday, marking their partnership at Samjong KPMG's headquarters in southern Seoul. Based on the partnership, the two companies will jointly seek new clients, foster professionals and hold conferences on smart factory security. At smart factories, equipment improve processes through automation and self-optimization. Cutting-edge technology is also incorporated into planning, supply chain logistics and p

Dec 21, 2020By Kim Bo-eun
LG CNS partners with Samjong KMPG in smart factory security
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