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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

Korea-US business reps meet

National Assembly Speaker Kim Jin-pyo, front row eighth from left, and Chairman of the Federation of Korean Industries (FKI) Huh Chang-soo, front row ninth from left, Chairperson of the U.S. ― Korea Business Council Octavio Simoes, front row seventh from left, and other business and government officials from the U.S. and Korea pose for a commemorative photo during the “Korea-U.S. Business Meeting Welcome Dinner” held at Sarangjae of the National Assembly in Seoul, Wednesday. Courtesy of FKI

Oct 19, 2022By Kim Hyun-bin
Korea-US business reps meet
Companies

GM seeks to increase sales with upgraded Changwon plant

Roberto Rempel, CEO of GM Korea, introduces the company's goals and future strategies during the company's 20th anniversary ceremony held at the Changwon plant in South Gyeongsang Province, Wednesday. Courtesy of GM KoreaGM Korea holds 20th anniversary ceremonyBy Kim Hyun-binChangwon ― General Motors disclosed the details of its massive investment in Korea and presented its future growth strategies while marking the 20th anniversary of GM Korea's foundation, Wednesday. The company invited a pool of local reporters to see the upgraded Changwon plant in South Gyeongsang Province with state-of-the-art facilities to manufacture next-generation vehicles.GM invested 900 billion won ($632 million) in the Changwon plant to expand its production capacity to up to 60 vehicles per hour, from compact to full-size models, according to the company.The Changwon plant is scheduled to start operating at full capacity in the first quarter of 2023, manufacturing a total of 280,000 vehicles annually."I am grateful for the dedication and hard work that all of our GM employees have made to manufacture and

Oct 19, 2022By Kim Hyun-bin
GM seeks to increase sales with upgraded Changwon plant
Companies

Korea should source more key minerals from Africa: KITA chair

Koo Ja-yeol, chairman of the Korea International Trade Association (KITA), speaks of the importance to enhance cooperation with African nations during a networking event held at the Shilla Hotel in Seoul, Monday. Courtesy of KITABy Kim Hyun-binAfrica is a region that can be a new alternative to diversifying the supply chain for key minerals, Koo Ja-yeol, chairman of the Korea International Trade Association (KITA), said Monday.Koo made the remarks during a business networking event hosting 12 African ambassadors to Korea at the Shilla Hotel in Seoul."In the future, we will cooperate in core mineral supply chains, green energy, biotechnology, beyond official development assistance (ODA). We need to expand and build a mutually beneficial and future-oriented cooperative relationship,” the chairman said.“We will support more Korean companies to advance into Africa and contribute to Africa's green growth, digital transformation and strengthening manufacturing,” he said.Africa's share of Korea's trade is low at less than 2 percent, but trade has been increasing since the

Oct 18, 2022By Kim Hyun-bin
Korea should source more key minerals from Africa: KITA chair
Companies

Hyundai Mobis supplies chassis modules to German premium EVs

Hyundai Mobis Ohio plant in U.S., where it supplies chassis modules to Stellantis. Courtesy of Hyundai MobisBy Kim Hyun-binHyundai Mobis inked a deal to supply chassis modules to Mercedes-Benz AG, becoming the first non-European supplier of chassis modules as an original equipment manufacturer (OEM), the Korean automotive parts maker said Tuesday. Through the deal, Mobis won the recognition of global automakers for its module technology and quality. Mobis' new production facility in McCalla, Alabama is operating at full capacity.The factory produces chassis modules for 4 different electric SUVs.???The company has accumulated over 20 years of module development and assembling experience worldwide. In the process of winning this contract, Mobis held multiple technical briefings and touring sessions with the client and showed the entire mass production process of the module assembly in Korea and Europe.???“We hope to maintain long-term partnerships with Mercedes-Benz AG,” said Mobis CEO Cho Sung-hwan. “We intend to increase trust with customers based on our excellent t

Oct 18, 2022By Kim Hyun-bin
Hyundai Mobis supplies chassis modules to German premium EVs
Companies

KEF to strengthen cooperation with ASEAN countries

The Korea Enterprises Federation (KEF) Chairman Sohn Kyung-shik, right, greets Cambodian Ambassador to Korea Chring Botum Rangsay after holding a meeting with ambassadors from ASEAN member countries to discuss ways to increase cooperation, at Four Seasons Hotel Seoul, Monday. Courtesy of KEFBy Kim Hyun-binThe Korea Enterprises Federation (KEF) held a meeting with ASEAN ambassadors to Korea to discuss ways to strengthen economic cooperation between Korea and ASEAN member nations, at the Four Seasons Hotel Seoul, Monday.The meeting was attended by KEF Chairman Sohn Kyung-shik and Cambodian Ambassador to Korea Chring Botum Rangsay, as well as ambassadors, deputy ambassadors and deputies from the nine other ASEAN countries ― Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.“The international situation is very difficult due to the high exchange rate, inflation and the deepening of global supply chain risks due to the prolonged Ukraine crisis and the spread of protectionism. We need more cooperation,” KEF Chairman Sohn said."Currently, about 17,0

Oct 17, 2022By Kim Hyun-bin
KEF to strengthen cooperation with ASEAN countries
Companies

KCCI, KASBA to enhance cooperation

Korea Chamber of Commerce and Industry (KCCI) Chairman Chey Tae-won, right, poses with Han Sang-man, president of the Korean Academic Society of Business Administration (KASBA), after signing a business agreement to enhance cooperation after the 1st Korean Executive Roundtable held at the KCCI building in Seoul, Monday. Courtesy of KCCI

Oct 17, 2022By Kim Hyun-bin
KCCI, KASBA to enhance cooperation
Companies

US curbs on Chinese solar panel makers expected to benefit Korean companies

A solar power plant in Beacon County, California, U.S. built by Hanwha Q CELLS. Courtesy of Hanwha SolutionsBy Kim Hyun-binKorean solar panel manufacturers such as Hanwha Solutions and OCI need to take advantage of U.S. import restrictions on Chinese-made solar products due to the Inflation Reduction Act (IRA), the Korea International Trade Association (KITA) said in a report published, Monday.The recently passed IRA includes a provision for tax credits for investments in solar power facilities, creating opportunities for Korean solar companies.According to “The U.S.-China Solar Trade Dispute and Impact of the IRA Part 2” published by KITA Monday, Korean solar cells accounted for 1.9 percent of total imports of the product into the U.S. in 2011, but increased to 47.8 percent last year. During the same period, solar module imports from Korea rose from 1.1 percent to 7.6 percent.“Especially Hanwha Solution is benefitting from the IRA as the U.S. put China imports in check as well as providing huge tax credits to companies operating solar production plants within the U

Oct 17, 2022By Kim Hyun-bin
US curbs on Chinese solar panel makers expected to benefit Korean companies
Companies

Samsung Electronics hosts Tech Forum 2022 in Silicon Valley

Samsung Electronics Vice Chairman Han Jong-hee explains the company vision at the Tech Forum 2022 held at Samsung Research America in California's Silicon Valley, Oct. 13 (local time). Courtesy of Samsung ElectronicsBy Kim Hyun-binSamsung Electronics successfully held the Tech Forum 2022 in California's Silicon Valley, Oct. 13 (local time), discussing future innovative technologies of the IT industry with experts and executives in the field, according to the company, Sunday. The forum was held at Samsung Research America, located in Mountain View, California, after previous sessions in San Francisco and Boston last month.Some 100 people attended the event, including leading U.S. developers, designers and Samsung Electronics executives. A large number of executives and research executives from Samsung Electronics, including Vice Chairman Han Jong-hee and MX (Mobile eXperience) Business Unit President Roh Tae-moon, took part in the event to inform the attendees about the company's vision and businesses.Participants listened to lectures from Samsung Electronics executives in related fie

Oct 16, 2022By Kim Hyun-bin
Samsung Electronics hosts Tech Forum 2022 in Silicon Valley
Companies

Lee Jae-yong expected to attend WorldSkills closing ceremony

Samsung Electronics Vice Chairman Lee Jae-yong / YonhapBy Kim Hyun-binSamsung Electronics Vice Chairman Lee Jae-yong is expected to make an appearance at the closing ceremony of the WorldSkills Competition Special Edition to be held at Kintex in Goyang, Gyeonggi Province, Monday. The WorldSkills Competition is a world championship of vocational skills held every two years. Last year's Shanghai event was postponed for a year due to COVID-19 and eventually canceled. This Special Edition replaces the Shanghai event and encompasses 61 international skill competitions that are taking place across Europe, North America and East Asia from September to November. Over 1,000 competitors from 56 countries have participated in the events held in 15 countries, while 133 participants representing 35 countries have participated in the competition in Korea.Samsung Electronics is a Global Premium Partner of WorldSkills. This partnership has been ongoing since 2007 and supports both organizations' goals to empower future generations to achieve their full potential and pioneer positive social changes,

Oct 16, 2022By Kim Hyun-bin
Lee Jae-yong expected to attend WorldSkills closing ceremony
Companies

Chung turns Hyundai Motor into EV powerhouse in first 2 years as chairman

Hyundai Motor Group Chairman Chung Euisun walks next to robot dog “Spot” co-developed with Boston Dynamics at the Consumer Electronics Show in Las Vegas in January. Courtesy of Hyundai Motor Group By Kim Hyun-binIt's been two years since Hyundai Motor Group Chairman Chung Euisun took the helm of the country's largest automaker on Oct. 14, 2020. For the past two years, he has been focusing on securing future growth engines, including the transition to electric vehicles (EV), starting from the IONIQ 5, as well as other innovative sectors such as robotics, urban air mobility (UAM) and autonomous driving. Through it, Chung is said to have raised the bar of Hyundai Motor Group, according to auto industry analysts.At the same time, he is facing a range of challenges, such as growing backorders exceeding 1 million vehicles, and the U.S. Inflation Reduction Act (IRA), which is considered to be the biggest challenge that Chairman Chung must overcome, along with the reorganiz

Oct 13, 2022By Kim Hyun-bin
Chung turns Hyundai Motor into EV powerhouse in first 2 years as chairman
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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.