my timesThe Korea Times
hyunbin

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.

Go to Email

Read more

Companies

Samsung chief visits Germany to seek cooperation with carmakers, semiconductor-related firms

Samsung Electronics Vice Chairman Lee Jae-yong, on his way to Europe, departs from Seoul Gimpo Business Aviation Center (SGBAC), Tuesday. YonhapBy Kim Hyun-binSamsung Electronics Vice Chairman Lee Jae-yong visited Munich, Germany reportedly to seek cooperation with automakers and semiconductor-related firms. Munich hosts the headquarters of BMW and semiconductor-related firms such as Siemens, according to company officials. Lee's chartered flight, which arrived in Budapest, Hungary, on June 7, departed for Munich the following day.“It is true that Vice Chairman Lee went straight to Germany at the time,” a Samsung Group official said. “But we have not been informed of his current whereabouts.”After arriving in Hungary, Lee headed to Germany instead of stopping by the local Samsung SDI battery production plant. It is interpreted that this was because it was more important to meet the CEOs of global companies and conduct business-related discussions than to visit the group's local facilities. Samsung SDI President Choi Yoon-ho also accompanied Vice Chairman Lee o

Jun 12, 2022By Kim Hyun-bin
Samsung chief visits Germany to seek cooperation with carmakers, semiconductor-related firms
Companies

Korean Air slammed for poor inflight service

A Korean Air flight attendant serves inflight meals to business class passengers. / Courtesy of Korean AirBy Kim Hyun-binKorean Air has been slammed by customers and even its flight attendants for providing poor inflight services, including insufficient meals and supplies during flights at a time when ticket prices more than doubled compared to pre-COVID times, according to passengers and critics Thursday. There have been numerous posts and comments online by passengers criticizing Korean Air's in-flight services."The air ticket prices were much higher but they reduced services which are unrelated to COVID. I am worried that low-quality service will become the norm,” a business class passenger on a Seoul-bound flight from Auckland, New Zealand wrote. "Instead of the warm towels provided before meals, cold disposable wipes were provided, fruit was not provided, and no side dishes were provided for ramen and only one type of cold morning bread.”Another passenger, who flew aboard a Korean Air flight to Bangkok, Thailand recently, also criticized the flag carrier."I asked for

Jun 9, 2022By Kim Hyun-bin
Korean Air slammed for poor inflight service
Companies

Hyundai tests level 4 autonomous driving

Minister of Land, Infrastructure and Transport Won Hee-ryong, center, poses in front of an IONIQ 5 at a test drive event in Seoul, Thursday. From left are Jin Mobility CEO Lee Sung-wook, Hyundai Motor Group R&D Head Park Chung-kook, Minister Won, Seoul Mayor Oh Se-hoon, and Hyundai Motor Group Strategic Planning Division President Kong Young-woon. Hyundai Motor Group announced it has begun demos of RoboRide, a car-hailing pilot service with the IONIQ 5 that possesses level 4 autonomous driving technology. / Courtesy of Hyundai Motor Group

Jun 9, 2022By Kim Hyun-bin
Hyundai tests level 4 autonomous driving
Companies

Korean EV makers struggle to compete with Chinese, German rivals

By Kim Hyun-binKorean electric vehicle (EV) and battery makers have seen their global market shares decline amid intensifying competition with Chinese and German rivals, according to industry officials Wednesday. The officials are calling on the government to expand investments to help EV and battery makers bolster related infrastructure and make inroads into emerging markets.The Federation of Korean Industries (FKI) and the International Trade Center (ITC) analyzed the changes in the global EV and lithium-ion battery industries, which have been growing at an average annual growth rate of more than 20 percent.According to the FKI, China and Germany's market shares rose by 9.5 percentage points and 3.8 percentage points, respectively, in 2021 from a year earlier. However, Korea, Belgium, and the U.S.' market shares fell 0.8, 2.1, and 8.5 percentage points.The increase in China's EV market share is attributed to a 513.9-percent year-on-year jump in exports to the EU by Chinese automakers such as Shanghai Auto, BYD and Tesla's Shanghai plant last year.The EU is the world's largest impor

Jun 8, 2022By Kim Hyun-bin
Korean EV makers struggle to compete with Chinese, German rivals
Companies

Korea's exports to China decline due to competition from Taiwan and ASEAN

Hundreds of containers wait to be exported at Busan Harbor on May 11. YonhapBy Kim Hyun-binKorean products are losing ground in the Chinese market due to increased competition from Taiwan and ASEAN rivals, according to data and comments made by industry officials, Wednesday. The officials say a new strategy is needed to enhance Korea's position in China to regain its status as the top exporter to the country. Taiwan has been leading the Chinese market since 2020. The Trade Research Institute under the Korea International Trade Association (KITA) issued a report, titled “Korea's decline in China's import market share and our countermeasures,” showing Korea's share of the Chinese market fell by 1.9 percentage points last year compared to an 8 percent share in 2017. Korea lags behind ASEAN (14.7 percent market share) and Taiwan (9.4 percent market share).Although China's imports of memory semiconductors, parts for wireless communication devices, synthetic fibers and paraxylene increased, demand for Korean products declined in favor of Taiwan and ASEAN countries. In the case

Jun 8, 2022By Kim Hyun-bin
Korea's exports to China decline due to competition from Taiwan and ASEAN
Companies

Jeju Air to enhance competitiveness via cargo, new routes

Figure 1Kim E-bae, Jeju Air's CEO, speaks during a press conference held at the Mayfield Hotel in Seoul, Tuesday. / Courtesy of Jeju AirBy Kim Hyun-binJeju Air, the country's largest low-cost carrier (LCC) by sales, will enhance its competitiveness by entering the cargo business and launching new international routes, the company CEO said Tuesday. He said that these changes, together with the countries' moves to ease quarantine measures, which bring hope for increased domestic and foreign air demand, should create a business turnaround next year.“We have entered an era of hope from the perspective of the airline industry in the post-coronavirus era. As the LCC leader, we are at a point of making important changes,” Kim E-bae, Jeju Air CEO said during a press conference held at the Mayfield Hotel in Seoul. “We will prepare for a leap forward by making full use of our core competencies, such as cost competitiveness, and advance into new fields such as short and medium-distance routes and cargo transportation,” he said.Jeju Air will operate a total of 246 flights

Jun 7, 2022By Kim Hyun-bin
Jeju Air to enhance competitiveness via cargo, new routes
Companies

KCCI to host Jeju Forum

The Korea Chamber of Commerce and Industry building (KCCI) in Seoul / Korea Times fileBy Kim Hyun-binThe Korea Chamber of Commerce and Industry (KCCI) is scheduled to host the 45th Jeju Forum at Jeju Haevichi Hotel Resort for three days from July 13, inviting prominent speakers to address critical issues surrounding the business environment. The Jeju Forum is the largest corporate summer forum in Korea, but was suspended for three years due to COVID-19.“We have carefully selected and invited prominent speakers to help businessmen facing difficult internal and external circumstances to plan their future business strategies,” KCCI Vice Chairman Woo Tae-hee said.Under the theme “Insight and Healing in Jeju,” the forum will be attended by many speakers from Korea and abroad, including Deputy Prime Minister and Minister of Strategy and Finance Choo Kyung-ho and Trade, Industry and Energy Minister Lee Chang-yang.Overseas speakers include Columbia University history professor Adam Tooze and Shin Yong-seok, a professor of economics at Washington University in St. Loui

Jun 7, 2022By Kim Hyun-bin
KCCI to host Jeju Forum
Companies

Test Drive Lamborghini Huracan EVO Spyder embodies both luxury and speed

The Korea Times reporter Kim Hyun-bin test drives the Lamborghini Huracan EVO Spyder on the outskirts of Sant'Agata, Italy on May 21. Courtesy of Volkswagen GroupBy Kim Hyun-binSant'Agata, Italy ― Lamborghini is one of the first brands that come to mind when thinking of high-end supercars. And as the “raging bull” emblem suggests, drivers need to be ready for the speed and power its supercars bring.In order to get the full experience, The Korea Times was able to steer behind the wheel of a Lamborghini Huracan EVO Spyder convertible at the Lamborghini headquarters in Sant'Agata Bolognese, in Northern Italy on May 23.The design itself is a jaw-dropper with a sleek exterior and a body built to maximize aerodynamic efficiency.Once entering the vehicle, the ignition button that is shaped like a missile-launch switch awaits the driver. Once pressing the ignition, the engine releases a loud roaring sound, which vibrates throughout the vehicle and welcomes the driver.When flooring the gas, the driver's body jerks back feeling the full force of the V10, 640-horsepower engine at 8,

Jun 7, 2022By Kim Hyun-bin
[Test Drive] Lamborghini Huracan EVO Spyder embodies both luxury and speed
Companies

Volkswagen Group 'New Auto' aims to fulfill electrification prowess

Volkswagen's Zwickau plant in Germany / Courtesy of Volkswagen GroupBy Kim Hyun-binZwickau, Germany ― The Volkswagen Group is in the process of conducting a major restructuring by transitioning from a traditional car manufacturing hardware business to become a global leading software mobility corporation through its “New Auto” initiatives.The New Auto strategy focuses on four major segments ― mechatronics, software, mobility and battery and charging ― which are Volkswagen Group's keys to transitioning into the electric vehicle (EV) market with full force.To give a closer look, Volkswagen Group Korea invited local journalists to Germany to show the progress that has been made less than a year after announcing the New Auto initiative by visiting key factories and software companies under its wing.The Volkswagen Group has 10 brands in seven countries including Volkswagen, Volkswagen Commercial Vehicles, Skoda, Cupra and SEAT as well as premium brands such as Audi, Lamborghini, Bentley, Ducati and Porsche.Volkswagen employees work on the assembly line for EV models at the com

Jun 7, 2022By Kim Hyun-bin
Volkswagen Group 'New Auto' aims to fulfill electrification prowess
  • INTERVIEW 'Volkswagen Group Korea to create synergy, efficiency among affiliated brands'
Companies

INTERVIEW 'Volkswagen Group Korea to create synergy, efficiency among affiliated brands'

By Kim Hyun-binBologna, Italy―Till Scheer, group managing director of Volkswagen Group Korea (VWGK), says the key reason for establishing VWGK is to enhance synergy and efficiency among its brands launched in Korea. The company changed its name from Audi Volkswagen Korea to Volkswagen Group Korea on March 31, after 18 years in the Korean market.Till Scheer, group managing director at Volkswagen Group KoreaScheer emphasized that VWGK's role is not to interfere with the brands' operations, but to establish a solid business structure together.“There are lots of activities each and every brand does related to cars and we do not have to separately proceed (for example logistics) for each brand in the country. There is the possibility to create synergies,” Scheer said talking to a few journalists, including The Korea Times, in Bologna, Italy on May 21.“How we run, each and every branch is on its own. They have their own decisions own branding they do everything related to the brand on their own, but as a group, we are trying to find all the synergies and efficiencies we c

Jun 7, 2022By Kim Hyun-bin
[INTERVIEW] 'Volkswagen Group Korea to create synergy, efficiency among affiliated brands'
  • Volkswagen Group 'New Auto' aims to fulfill electrification prowess
previous page
124125126127128
next page

Top 5 stories

Korea Times
About Us
Introduction
History
Contact Us
Products & Services
Subscribe
E-paper
RSS Service
Content Sales
Site Map
Policy
Code of Ethics
Ombudsman
Privacy Policy
Youth Protection Policy
Terms of Service
Copyright Policy
Family Site
Hankookilbo
Dongwha Group
FacebookXYoutubeInstagram
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.