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Kim Hyun-bin

Korea Times Digital Media Reporter

Kim Hyun-bin began his journalism career at Arirang TV from 2012 to 2017, specializing in defense, foreign affairs and the economy. In 2018, he joined The Korea Times, covering society and business, and is currently responsible for embassy affairs.

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Companies

Jeep introduces all-new Grand Cherokee in Korea

Stellantis Korea Managing Director Jake Aumann introduces the all-new Grand Cherokee during a launch ceremony at the Walkerhill Hotel in Seoul, Wednesday. Korea Times photo by Kim Hyun-binBy Kim Hyun-binJeep released its flagship SUV lineup introducing its new Grand Cherokee and Grand Cherokee 4xe during a launch ceremony held at the Grand Walkerhill Seoul, Wednesday. The Grand Cherokee has maintained its title as the most-awarded SUV with more than 700 awards since its first generation was unveiled at the 1992 Detroit Motor Show, according to the company.“The all-new Grand Cherokee and the all-new Grand Cherokee 4xe are the cars filled with an incomparable legacy including the most luxurious exterior, the interior that integrates technology and beauty, Quadra-Lift air suspension, Jeep's legendary 4x4 technology that is reliable in any given situation and more,” Stellantis Korea Managing Director Jake Aumann said. “I am certain that the two models will create a new wave in the Korean luxury SUV market.” Jeep's new Grand Cherokee / Courtesy of Stellantis KoreaT

Dec 7, 2022By Kim Hyun-bin
Jeep introduces all-new Grand Cherokee in Korea
Companies

Samsung chief visits Barakah nuclear plant in UAE

Samsung Electronics Chairman Lee Jae-yong visits the construction site of the Barakah nuclear power plant project in UAE, where Samsung C&T participates, and takes photos with employees. Courtesy of Samsung ElectronicsBy Kim Hyun-binSamsung Electronics Chairman Lee Jae-yong visited the construction site of the Barakah nuclear power plant located in Al Dhafra, Abu Dhabi, United Arab Emirates (UAE) to check the business situation and construction progress, as well as offer encouragement to employees, according to the company, Tuesday. This marks Chairman Lee's first overseas business trip after his inauguration.It is the chairman's first visit to a business site in the Middle East in over three years since he visited a subway construction site in Riyadh, Saudi Arabia during the Chuseok holiday in 2019.The Barakah nuclear power plant is Korea's first overseas nuclear power plant construction project being carried out by the Team Korea consortium, which includes Samsung C&T.In his visit to the nuclear power plant, Lee toured the construction sites of the facility's 3rd and 4th re

Dec 6, 2022By Kim Hyun-bin
Samsung chief visits Barakah nuclear plant in UAE
Companies

Korea, Vietnam agree to strengthen digital, green energy cooperation

Vietnamese President Nguyen Xuan Phuc, fourth from left, and Deputy Prime Minister of Economy and Finance Choo Kyung-ho, fifth from left, among other businessmen enter the Korea-Vietnam Business Forum held at the Lotte Hotel in Seoul, Tuesday. Courtesy of KCCIBy Kim Hyun-binBusiness people from Korea and Vietnam gathered Tuesday to strengthen future cooperation between the two countries to commemorate the 30th anniversary of economic ties, according to the Korea Chamber of Commerce and Industry (KCCI).The KCCI held the Korea-Vietnam Business Forum at Lotte Hotel in Seoul, Tuesday, with around 300 businesspeople from both countries in attendance, including Vietnamese President Nguyen Xuan Phuc and Deputy Prime Minister, and Minister of Strategy and Finance Choo Kyung-ho.The event was held under the theme, “The 30th Anniversary of Korea-Vietnam Diplomatic Relations, New Business Opportunities and Paradigm Change,” and the two countries discussed ways to cooperate in the digital and green energy fields, as well as sustainable future cooperation."The trade volume between the

Dec 6, 2022By Kim Hyun-bin
Korea, Vietnam agree to strengthen digital, green energy cooperation
Companies

Samsung, SK, Hyundai increase organizations to respond to global uncertainties

Samsung Electronics' headquarters in Seoul / Korea Times fileBy Kim Hyun-binMajor conglomerates such as Samsung, SK and Hyundai Motors are actively establishing or expanding related organizations to respond to global uncertainties. The moves are intended to enable the conglomerates to respond better to the global market during an economic downturn, as it has a growing ripple effect on individual companies, according to industry officials, Friday. "As the global economy worsens and its impact on companies grows, major groups are devising strategies to respond more systematically and quickly to global business uncertainties," an industry official said.Samsung will establish a Global Research Center, a dedicated research organization under the semiconductor Device Solution (DS) sector, in line with this month's personnel appointment. It will be established under the DS division and is expected to be in charge of analyzing the global semiconductor field.Samsung operates research organizations such as Samsung Global Research, Samsung Securities Research Center and Samsung Research. Throug

Dec 2, 2022By Kim Hyun-bin
Samsung, SK, Hyundai increase organizations to respond to global uncertainties
Companies

SK chief highlights flexibility and diversity in solving global problems

SK Group Chairman Chey Tae-won gives an opening speech at the Tokyo Forum 2022, Thursday. Courtesy of SK Group By Kim Hyun-binSK Group Chairman Chey Tae-won emphasized that in order for humanity to design a better future, it is necessary to break away from stereotypes and find solutions with flexibility and diversity. According to SK Group Friday, Chairman Chey attended the Tokyo Forum 2022, co-hosted by the Chey Institute for Advanced Studies and the University of Tokyo, Thursday, and gave an opening speech, saying, "We all need to focus on designing a safer and more prosperous future.”The Tokyo Forum is an international forum held by the institute in collaboration with the university since 2019.In his opening speech, Chey posed questions to the audience about what was needed to solve global problems and emphasized finding solutions.The chairman said that science and technology can be a new opportunity to solve global risks. Regarding the education of the young gen

Dec 2, 2022By Kim Hyun-bin
SK chief highlights flexibility and diversity in solving global problems
Companies

POSCO Int'l introduces blockchain-based electronic bills of lading

Shipping containers are stacked up on Sinseondae Pier in the Port of Busan. / YonhapBy Kim Hyun-binPOSCO International is leading the digitalization of international trade by introducing electronic bills of lading (e-B/L). The company announced that the first trade transaction using an electronic bill of lading was completed on Nov. 27. POSCO International exported auto parts to the U.S. through the issuance of an electronic bill of lading on Nov. 3, and on Nov. 27, the U.S. importer safely received the shipment.POSCO International CEO Joo Si-boThe bill of lading is considered the most important shipping document in import and export transactions. An exporter can receive a bill of lading issued by a sea carrier only when the contracted product is shipped without any defects. The importer can retrieve the goods only after paying the price for the goods and receiving the bill of lading from the exporter.Until now, bills of lading were issued in paper form and have been delivered to importers via international mail, so if they were lost or delayed in the process of delivery, they result

Dec 1, 2022By Kim Hyun-bin
POSCO Int'l introduces blockchain-based electronic bills of lading
Companies

POSCO chief, Australia PM discuss $40 billion in eco-friendly projects

POSCO Group Chairman Choi Jeong-woo, right, gives a commemorative speech at the opening ceremony of the 43rd Korea-Australia Economic Cooperation Committee held in Sydney, Wednesday. Courtesy of POSCO GroupBy Kim Hyun-binPOSCO Group will invest a total of $40 billion with local partners in Australia by 2040, the company announced, Thursday. The investment comes as Chairman Choi Jeong-woo met with Australian Prime Minister Anthony Albanese at the Houses of Parliament in Canberra, the capital of Australia, “We see Australia as the most important country for investment to secure hydrogen, which is essential for hydrogen reduction steelmaking,” Choi said.POSCO Group is working hard to develop hydrogen reduction steel that emits water instead of carbon dioxide during production to achieve carbon neutrality by 2050. POSCO Group plans to produce green hydrogen based on competitive large-scale renewable energy sources such as solar and wind power in Australia, and use it to produce hot briquetted iron (HBI), a raw material processed from iron ore. “POSCO Group's business an

Dec 1, 2022By Kim Hyun-bin
POSCO chief, Australia PM discuss $40 billion in eco-friendly projects
Companies

Korea's exports to fall in 2023 due to global downturn

Korea International Trade Association (KITA) Chairman Koo Ja-yeol speaks about next year's trade forecast and conditions during a press conference held at the Trade Tower in Seoul, Wednesday. Courtesy of KITABy Kim Hyun-binKorea's trade environment will worsen next year compared to this year due to the uncertainties surrounding the global economy, Korea International Trade Association (KITA) Chairman Koo Ja-yeol said during a press conference commemorating the 59th Trade Day held at the Trade Tower in Seoul, Wednesday. "The global economy is expected to enter a rapid downturn due to the continuing aftershock of COVID-19, the war between Russia and Ukraine and monetary tightening,” Koo said. "Considering the comprehensive domestic and global trade environment, next year's exports and imports are expected to decrease compared to this year."According to KITA, next year's exports will decrease by 4 percent to $662.4 billion due to economic slumps in major countries, and imports will decrease by 8 percent to $676.2 billion due to the domestic economic slowdown and falling oil prices

Dec 1, 2022By Kim Hyun-bin
Korea's exports to fall in 2023 due to global downturn
Companies

KEF chief asks Japanese envoy to support Busan's 2030 Expo bid

Korea Enterprises Federation (KEF) Chairman Sohn Kyung-shik, right, holds a meeting with Japanese Ambassador to Korea Koichi Aiboshi to ask for support to host the 2030 World Expo in Busan and enhance economic cooperation between the two countries at the Westin Chosun Hotel in Seoul, Wednesday. Courtesy of KEFBy Kim Hyun-binSohn Kyung-sik, chairman of the Korea Enterprises Federation (KEF), requested the Japanese government's support for the southern port city of Busan to host the 2030 World Expo in Busan, during a meeting with Japanese Ambassador to Korea Koichi Aiboshi at the Westin Chosun Hotel in Seoul, Wednesday."Competition to secure advanced technology and reorganize the semiconductor supply chain is fierce, and international discussions and legislation aimed at energy conversion and carbon neutrality are accelerating,” Sohn said. “Korean and Japanese companies with technological prowess should cooperate more," he added.“The selection of Busan, which is close to Japan, to host the 2030 Expo can bring positive economic effects to both countries, such as an inc

Nov 30, 2022By Kim Hyun-bin
KEF chief asks Japanese envoy to support Busan's 2030 Expo bid
Companies

KITA, biz associations call on truckers to end strike

Korea International Trade Association Executive Vice Chairman Jeong Marn-ki, center, speaks at an emergency press conference held due to the truckers' union strike at the Trade Tower in Seoul, Tuesday. From left, Korea Cement Association Vice Chairman Lee Chang-ki , Jeong, and Korea Iron & Steel Association Managing Director Heo Dae-young. Korea Times photo by Kim Hyun-bin By Kim Hyun-binKorea International Trade Association (KITA) and other business associations ― including cement, petroleum, oil, automobiles and steel ― urged the Cargo Truckers Solidarity Union, under the wing of the labor umbrella, Korean Confederation of Trade Unions (KCTU), to stop its current strike, during an emergency press conference, Wednesday. "The regularization of the safe freight rate is a system that is not compatible with the market economy and even has concerns about unconstitutionality. We hope you will immediately stop the strike,” KITA Vice Chairman Jeong Marn-ki said during an e

Nov 30, 2022By Kim Hyun-bin
KITA, biz associations call on truckers to end strike
  • Truckers' strike triggers fuel shortage
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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.