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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 protests France's EV subsidy rules

Hyundai Motor Group's dedicated electric vehicles are displayed in Paris, in June, to promote Busan's World Expo bid. Courtesy of Hyundai Motor GroupKITA calls 'French IRA' violation of Korea-EU FTABy Kim Hyun-binKorea is expressing strong concerns over France's proposed revision of electric vehicle (EV) subsidies as it could violate the Korea-European Union (EU) Free Trade Agreement (FTA), according to industry officials and trade experts, Wednesday.The French government has said it is pushing to introduce new environmental regulations that assess carbon emissions throughout the entire production and transportation process of EVs to determine subsidy eligibility. This move has been raising concerns among Korean automakers because it could potentially impact Korea's EV exports.Korea International Trade Association's (KITA) Brussels office and the European Korean Business Association (KBA) submitted their opinions on the draft amendment regarding the conditions for EV subsidies by the French government, Friday.Both KITA and European KBA emphasized that the Korea-EU Free Trade Agreemen

Aug 30, 2023By Kim Hyun-bin
Korea protests France's EV subsidy rules
Companies

Jobseekers face tougher path to Samsung, SK, Hyundai Motor, LG

By Kim Hyun-binA 27-year-old jobseeker surnamed Kim is aiming to secure employment in the latter part of this year, eagerly anticipating recruitment announcements from Samsung and other large companies. Unfortunately, Kim feels the current job market is less optimistic amid the economic downturn and higher interest rates, which have made businesses more reluctant to hire new workers."I am actively pursuing job opportunities, although the current job market presents challenges due to increased interest rates and economic uncertainties. Nevertheless, I am eagerly anticipating new job openings from leading conglomerates," Kim said.Kim is among many eagerly awaiting employment opportunities. However, companies are expected to hire fewer employees this year. According to the Ministry of Employment and Labor, the planned recruitment numbers for the second and third quarters of this year for companies with more than one employee are expected to decrease by 90,000 (13.8 percent) compared to the same period last year."Given the poor financial conditions of companies and sluggish sales flow, n

Aug 30, 2023By Kim Hyun-bin
Jobseekers face tougher path to Samsung, SK, Hyundai Motor, LG
Companies

Samsung expands Hope Stepping Stone program to support youth employment

Minister of Employment and Labor Lee Jeong-sik, center, poses with Park Seung-hee, left, Samsung Electronics head of corporate relations, and other social welfare enterprises officials during the Samsung Hope Step 2.0 inauguration ceremony at The UniverSE in Yongin, Gyeonggi Province, Tuesday. Courtesy of Samsung ElectronicsBy Kim Hyun-binSamsung has initiated Samsung Hope Stepping Stone 2.0, a program aimed at supporting the economic independence of young people through employment in education. Samsung held the launch event for the program at Samsung Electronics' talent development institute known as The UniverSE in Yongin, Gyeonggi Province, Tuesday.During the event, agreements were made with four organizations including the Ministry of Employment and Labor, the Ministry of Health and Welfare, the Community Chest of Korea and the Brighter Tomorrow Foundation to jointly operate the program.Building upon the efforts of Samsung Hope Stepping Stone 1.0, which focused on the housing and emotional stability of young people, Samsung Hope Stepping Stone 2.0 is a program designed to support

Aug 29, 2023By Kim Hyun-bin
Samsung expands Hope Stepping Stone program to support youth employment
Companies

Hyundai Motor, Landfill Site Management Corp. collaborate on biogas production

Hong Seung-hyun, center, head of Materials Research & Engineering Center at Hyundai Motor Group, poses after signing an agreement to produce eco-friendly hydrogen technology in Seoul, Tuesday. From left are Youm Kyung-seop, executive director of Resource Circulation Technology Research Center at Landfill Site Management Corp, Hong, and Park Koo-yong, Hyundai Engineering & Construction. Courtesy of Hyundai Motor GroupBy Kim Hyun-binHyundai Motor Group (HMG) and Landfill Site Management Corp. signed a memorandum of understanding (MOU) to collaborate on eco-friendly hydrogen production technology in Seoul, Tuesday. HMG is moving towards clean hydrogen production by using biogas generated from food waste treatment processes. Biogas is a gas mixture consisting of methane and carbon dioxide produced by the decomposition of organic matter in an oxygen-deprived environment."We plan to advance as a global carbon neutrality leader by developing high-value-added technologies such as renewable synthetic fuels and environmentally friendly plastic internal materials," Hong Seung-hyun head

Aug 29, 2023By Kim Hyun-bin
Hyundai Motor, Landfill Site Management Corp. collaborate on biogas production
Politics

Hyundai launches Avante N in China

Hyundai's joint venture in China, Beijing Hyundai Motor, released the Avante N on Friday, becoming Hyundai's first high-performance N-line model launched in China. Courtesy of Beijing Hyundai Motor

Aug 29, 2023By Kim Hyun-bin
Hyundai launches Avante N in China
Companies

SK chief says actively expressing opinions leads to solutions

By Kim Hyun-binSK Group Chairman Chey Tae-won encouraged employees to actively express their opinions so that they can find solutions together and emphasized that speaking out is the starting point of deep changes, fundamental innovation and happiness. Chey made the comments at the Icheon Forum held at the SKMS Research Institute, Thursday, and concluded the event by holding a dialogue with employees. SK Group Chairman Chey Tae-won engages in a conversation with employees at the Icheon Forum 2023 held at the SKMS Research Center in Icheon, Gyeonggi Province, Thursday. Courtesy of SK Group"Deep change doesn't happen overnight,” Chey said. “Members need to continue voicing their opinions and communicating, deriving unprecedented challenges for change and finding directions. By constantly speaking out and actively expressing opinions, we can identify problems and find solutions.”"With the world changing rapidly, the conventional formulas for growth no longer apply to companies, and it has become difficult to find predetermined answers for personal growth,” he sai

Aug 25, 2023By Kim Hyun-bin
SK chief says actively expressing opinions leads to solutions
Companies

Hyundai Mobis to participate in IAA Mobility to capture European market

Hyundai Mobis exhibition booth layout for IAA Mobility 2023 in Germany / Courtesy of Hyundai MobisBy Kim Hyun-binHyundai Mobis will participate in IAA Mobility 2023, which will be held in Munich, Germany, from Sept. 5 to Sept. 10, to showcase around 20 new technologies including electric vehicles (EV) and autonomous driving.Hyundai Mobis plans to display Kia's flagship electric vehicle EV9 at its booth and introduce its electrification core technologies applied to the vehicle to visitors. The EV9 incorporates Hyundai Mobis' battery system assembly (BSA) and power electronics (PE) system.The next-generation electric platform, e-CCPM, will also be exhibited. This technology involves applying core electrification components such as the battery system and power electronics system to an aluminum frame that can be adjusted in size. It's an integrated electrification solution that allows the production of various purpose-based vehicles (PBV) without the need to develop a separate platform for each vehicle type.During the exhibition, Hyundai Mobis plans to invite major European automakers su

Aug 25, 2023By Kim Hyun-bin
Hyundai Mobis to participate in IAA Mobility to capture European market
Companies

Hyundai Motor shifts focus to India from China, Russia

Former President Moon Jae-in, front row fourth from right, and Hyundai Motor Group Executive Chair Chung Euisun, front row fifth from right, leave the carmaker's plant in Chongqing, China, after inspecting vehicles produced there, in this Dec. 16, 2017 photo. Korea Times fileBy Kim Hyun-binHyundai Motor is redirecting its focus toward India to offset plunging sales in China and Russia as demand for cars has been exploding in the South Asian country in recent years in line with its robust economic growth, according to company officials and industry experts, Thursday.As part of efforts to downsize operations in the world's second-largest economy, Korea's largest automaker decided to shut down its plant in Chongqing, which has been idling for the past year. Hyundai Motor also reportedly plans to sell another plant in Changzhou due to sluggish sales. Its Russian plant in St. Petersburg, which has been shut since Russia's invasion of Ukraine early last year, is expected to face a similar fate.To make up for these production losses, the Korean automaker has been expanding its presence in I

Aug 25, 2023By Kim Hyun-bin
Hyundai Motor shifts focus to India from China, Russia
Companies

Korea 'hugely important' market for Mercedes-Benz: company chairman

Ola Kallenius, chairman of Mercedes-Benz speaks about the company's business strategy and introduced the first all-electric Mercedes-Maybach EQS SUV at a press conference held at The Shilla hotel in Seoul, Thursday. Courtesy of Mercedes-Benz KoreaBy Kim Hyun-binMercedes-Benz Chairman Ola Kallenius said Thursday that the German luxury car brand plans to further expand collaboration with Korean partners and finds the local market to be “hugely important” for the carmaker during a press conference held at The Shilla hotel in Seoul.The previous day, Kallenius had discussions with Chey Jae-won, senior vice chairman of SK Group, regarding battery-related cooperation. He said meetings were scheduled with other companies during his visit to Korea.“We literally have hundreds of suppliers in Korea. I am meeting with key supply partners and technology partners today,” the chairman said. “I don't think we build a single car around the world without a piece of Korea in those cars. From the technology point of view, Korea is hugely important to us in many different te

Aug 24, 2023By Kim Hyun-bin
Korea 'hugely important' market for Mercedes-Benz: company chairman
Companies

Daewoo E&C ranks 3rd overall in construction capability evaluation

Daewoo Construction Chairman Jung Won-ju, front row center, visits Oman Duqum Oil Facility construction site in February. Courtesy of Daewoo E&CBy Kim Hyun-binDaewoo E&C is establishing a foundation for medium to long-term growth as a global construction company, despite the increasing uncertainty of rising interest rates and construction costs.Daewoo E&C ranked 3rd overall based on strengthened financial stability, performance in the non-residential sector and overseas markets, in the construction capability evaluation announced this year. In July, Daewoo E&C announced its preliminary results for the first half of this year, reporting sales of 5.87 trillion won ($4.39 billion) and an operating profit of 3.9 billion won, with sales increasing by 25.4 percent and operating profits by 28.2 percent compared to the same period last year.The company attributed these results to significant growth in revenue from large overseas projects in the civil engineering sector, such as the Al Faw Grand Port project in Iraq and the Nigeria LNG Train 7 project, as well as continued gro

Aug 23, 2023By Kim Hyun-bin
Daewoo E&C ranks 3rd overall in construction capability evaluation
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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.