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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 needs to utilize hallyu, economic development to host World Expo'

Samsung chief Lee Jae-yong meets Mexican President Andres Manuel Lopez Obrador in Mexico City and requests support for Busan's bid to host the World Expo 2030, Sept. 6. Courtesy of Samsung ElectronicsBy Kim Hyun-binKorea needs to utilize some of its unique strengths such as hallyu, the Korean cultural wave, and its rapid economic development to boost its ongoing campaign to host the World Expo 2030 in Busan, according to the Federation of Korean Industries (FKI), Thursday.The FKI released the results of an analysis of four countries that hosted the Expo in recent years. The countries have been successful in attracting the Expo with differentiated strategies by taking advantage of their own strengths."Saudi Arabia's Riyadh is gaining support from African countries by promoting oil money, but if we emphasize the development experience that only Korea can share, along with strategic cooperation between the public and private sectors, there is a chance to win,” an FKI official said.China succeeded in hosting the 2010 Shanghai Expo after the leadership had a strong will to host the

Oct 13, 2022By Kim Hyun-bin
'Korea needs to utilize hallyu, economic development to host World Expo'
Companies

Korean Air introduces in-flight wine collection

Award-winning sommelier Marc Almert, second from left, poses next to Korean Air flight attendants with the airline's 50 newly selected in-flight wines at the Four Seasons Hotel in Seoul, Thursday. The wines are scheduled to be introduced next March. The 50 wines consist of 19 first-class, 21 Prestige-class, and 10 economy-class wines. Korea Times photo by Shim Hyun-chul

Oct 13, 2022By Kim Hyun-bin
Korean Air introduces in-flight wine collection
Companies

Why Renault aims to establish Korea as export hub

Renault Chairman Luca de Meo introduces the company strategy for the region during a press conference held in Seoul, Tuesday. / Courtesy of Renault Korea By Kim Hyun-binFrench carmaker Renault has selected Korea to become its export hub for its large vehicle lineup despite suffering continuous labor-management conflicts and low brand recognition in the country.In the Korean market this year, Renault sold only 39,487 vehicles from January to September, placing it in fourth place with a mere 3.9 percent market share. Renault's labor union is known to have challenged management by conducting strikes for three consecutive years until last year. This year, Renault Korea's labor union and management successfully completed wage negotiations without a strike for the first time in four years. Despite the difficulties, Renault Chairman Luca de Meo said during a press conference held Tuesday that Korea will become the French carmaker's export hub supplying not just the Asian r

Oct 12, 2022By Kim Hyun-bin
Why Renault aims to establish Korea as export hub
Companies

Porsche unveils Taycan designed in collaboration with BLACKPINK's Jennie

Blackpink member Jennie drives the 'Taycan 4S Cross Turismo for Jennie Ruby Jane' designed in collaboration with the K-pop star and Porsche. / Courtesy of Porsche Korea By Kim Hyun-binPorsche Korea unveiled a battery-electric shooting brake on Wednesday designed in collaboration with K-pop group BLACKPINK star Jennie.The “Taycan 4S Cross Turismo for Jennie Ruby Jane” is a collaboration between the K-pop star and the German automaker's Sonderwunsch House division that customizes the luxury sports cars to meet customers' needs.Sonderwunsch means special request in German.The exterior of the vehicle is metallic black, and the Meissen Blue color is applied to the 21-inch exclusively-designed rim to offer a contrast. Porsche Taycan 4S Cross Turismo for Jennie Ruby Jane At Jennie's request, a cloud logo is projected onto the ground from the side of the veh

Oct 12, 2022By Kim Hyun-bin
Porsche unveils Taycan designed in collaboration with BLACKPINK's Jennie
Companies

LS to strengthen cooperation with GCC member countries

LS Group Chairman Koo Ja-eun, center, poses with ambassadors of Gulf Cooperation Council member countries at LS Yongsan Tower in Seoul, Tuesday, after discussing ways to enhance cooperates with their countries. From left, LS Cable & System CEO Koo Bon-gyu, LS Electric Automation COO Kwon Bong-hyun, LS Electric President Kim Jong-woo, LS Electric Chief Executive Counselor Choi Soon-hong, LS Electric Chairman Koo Ja-gyun, Koo, UAE Ambassador to Korea Abdulla Saif Al Nuaimi, Saudi Arabia Ambassador to Korea Sami M. Alsadhan, Qatar Ambassador to Korea Khalid Ebrahim Al-hamar, Oman Ambassador to Korea Zakariya Hamed Hilal Al Saadi and Kuwait Ambassador to Korea Deyab Farhan Al Rashidi. / Courtesy of LS GroupBy Kim Hyun-binLS Group invited ambassadors in Korea representing five Gulf Cooperation Council (GCC) member states to LS Yongsan Tower to introduce the company's electric power infrastructure and future business technologies while enhancing cooperation with their countries, according to the company, Tuesday. The GCC is a regional organization formed in 1981 by six Arab oil-produci

Oct 11, 2022By Kim Hyun-bin
LS to strengthen cooperation with GCC member countries
Companies

Hanwha chief calls for continuous innovation on 70th anniversary

By Kim Hyun-binHanwha Group Chairman Kim Seung-youn stressed the need for continuous innovation during the conglomerate's 70th year anniversary. "We must be wary of yesterday's Hanwha and always be innovative," he said in an in-house broadcast, according to Korea's seventh-largest business group, Tuesday. "Hanwha's past 70 years are a history of expanding Korea's industrial landscape through constant challenges and pioneering. Let's lead a new paradigm.”Kim also emphasized the importance of continuous innovation in order for the Hanwha Group to reach 100 years.Hanwha Group Chairman Kim Seung-younSince its foundation in 1952, Hanwha Group succeeded in localizing gunpowder under the founding ideology of “business patriotism” and took the lead in the post-war reconstruction process. Recently, it has contributed to the national interest by expanding exports in the defense industry and entering the space industry.Hanwha Group is focusing on strengthening synergy between businesses and discovering new growth engines through continuous business reorganization and investmen

Oct 11, 2022By Kim Hyun-bin
Hanwha chief calls for continuous innovation on 70th anniversary
Companies

Hanwha withdraws from $10 bil. Iraqi construction project

By Kim Hyun-binHanwha Group has decided to withdraw from a $10 billion construction project in Iraq amid concerns that the conglomerate will have difficulty recovering its investments. Analysts say that Hanwha averted future losses by withdrawing from the project early rather than continuing the business.Hanwha Engineering & Construction (E&C), a wholly-owned subsidiary of Hanwha Corp., notified the Iraqi National Investment Commission (NIC) of the cancellation of the Bismayah New Town and Infrastructure Construction contract, Friday.Hanwha's headquarters in Seoul / Courtesy of Hanwha Group"The Iraqi National Investment Commission (NIC) has been notified of the cancellation of the contract for reasons of contract violation, such as delayed payment and non-payment of advance funds,” Hanwha E&C said.The Iraq Bismayah New City Construction Project, which Hanwha E&C solely won, is a mega project costing $10.12 billion. It involves the construction of 19 infrastructure projects by the end of 2027, including 100,000 homes, schools, hospitals, and sewage treatment faci

Oct 10, 2022By Kim Hyun-bin
Hanwha withdraws from $10 bil. Iraqi construction project
Companies

POSCO, LGES aim to strengthen cooperation in secondary battery biz

POSCO Group Chairman Choi Jeong-woo, second from left, poses next to LG Energy Solution Vice Chairman Kwon Young-soo, third from left, after signing an MOU to enhance cooperation in the rechargeable battery business between POSCO Holdings and LGES at Parc 1 in Yeouido, Seoul, Friday. From left, LiB Materials Business head Lee Kyung-sub, Choi, Kwon and LGES Senior Vice President Kim Dong-soo. Courtesy of POSCO HoldingsBy Kim Hyun-binPOSCO Holdings and LG Energy Solution (LGES) will strengthen cooperation related to rechargeable batteries, according to the two companies, Monday.The companies signed a memorandum of understanding (MOU) for “Strategic Business Cooperation in Secondary Battery Materials” in Seoul, Friday, in the presence of POSCO Group Chairman Choi Jeong-woo and LGES Vice Chairman Kwon Young-soo."We will be able to further enhance the competitiveness of the global battery industry through business cooperation between POSCO Group, which has strengths in the field of secondary battery materials, and LGES, a leader in the field of electric vehicle batteries," POS

Oct 10, 2022By Kim Hyun-bin
POSCO, LGES aim to strengthen cooperation in secondary battery biz
Companies

Kim Yeong-su wins 2022 Genesis Championship

Hyundai Motor Group Chairman Chung Euisun, left, poses next to 2022 Genesis Championship winner Kim Yeong-su at Jack Nicklaus Golf Club Korea in Songdo, Incheon, Sunday. Kim scored 6-under in the final round to come in first and became the owner of a Genesis GV80 and 300 million won ($210,500) in prize money. / Courtesy of Hyundai Motor Group

Oct 9, 2022By Kim Hyun-bin
Kim Yeong-su wins 2022 Genesis Championship
Companies

Lotte Biologics accused of stealing trade secrets from Samsung

Samsung Biologics third plant in Songdo, Incheon. / Courtesy of Samsung BiologicsBy Kim Hyun-binProsecutors have launched an investigation into a Lotte Biologics employees who is suspected of stealing Samsung Biologics' trade secrets.The Incheon District Prosecutors' Office sent investigators to search Lotte Biologics' headquarters in Lotte World Tower, Seoul, Friday.During the raid, prosecutors are said to have secured the PCs of three former employees who transferred from Samsung Biologics to Lotte Biologics.Picture of Lotte World Tower in Seoul where Lotte Biologics' headquarters is located. / Courtesy of LottePreviously, Samsung Biologics applied for an injunction for the infringement of trade secrets in May by three employees who had transferred to Lotte Biologics in July. These three people are related to the core business of Samsung Biologics, and it is known that they printed a large number of documents before switching to Lotte. In response, the Incheon District Court issued an injunction against the infringement of trade secrets filed by Samsung Biologics on July 29, preven

Oct 9, 2022By Kim Hyun-bin
Lotte Biologics accused of stealing trade secrets from Samsung
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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.