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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

FKI vows to restore public trust, clean up image over past wrongdoings

Ryu Jin, new chairman of the Federation of Korean Industries (FKI), speaks during an inaugural press conference at the FKI's headquarters in Seoul, Tuesday. Courtesy of FKIBy Kim Hyun-binThe Federation of Korean Industries (FKI), which used to be the country's premier business lobby group, pledged to regain public trust and improve its reputation that was tarnished following a political corruption scandal.As part of the measures to revamp its image, the FKI changed its Korean name and appointed Poongsan Group Chairman Ryu Jin as its new head, Tuesday.Ryu emphasized that the entity's top priority is to regain the trust of the public and win back the title of being the country's leading business lobby group. Its reputation took a huge hit after being implicated in a massive influence-peddling scandal that led to the impeachment of former President Park Geun-hye back in 2017."Our top priority is to restore public trust. We will clear up the shadows of the past and cut off any lingering mistakes. We'll practice ethical management and ensure that a transparent corporate culture takes root

Aug 22, 2023By Kim Hyun-bin
FKI vows to restore public trust, clean up image over past wrongdoings
Companies

FTC approves establishment of joint venture between LS and L&F

LS Group Chairman Koo Ja-eun, center, poses with key executives from the company after taking part in the tape-cutting ceremony at the nickel sulfate plant completion ceremony held in Asan, South Chungcheong Province in March. Courtesy of LS GroupBy Kim Hyun-binThe Fair Trade Commission (FTC) has approved the establishment of a joint venture between LS, which produces the core material of secondary batteries and L&F. The joint venture is tentatively named LS L&F Battery Solution.The FTC analyzed that this joint venture will lead to a vertical integration of raw materials between LS, L&F and the subsidiary company of LSMnM, which supplies raw materials for the production of cathodes.LS Tower in Seoul / Korea Times fileThe joint venture company will receive the raw materials of nickel sulfate and cobalt sulfate from LSMnM, an affiliate of LS, and produce cathodes.L&F will then use the cathodes produced by the subsidiary company to manufacture anode materials and supply them to lithium-ion battery manufacturers.The FTC determined that in the global cathode market and raw

Aug 22, 2023By Kim Hyun-bin
FTC approves establishment of joint venture between LS and L&F
Companies

LX Holdings CEO joins Zero Disposable Challenge

A poster highlighting LX Holdings CEO Roh Jin-seo's participation in the Zero Disposable Challenge / Courtesy of LX HoldingsBy Kim Hyun-binLX Holdings announced that CEO Roh Jin-seo has joined the Zero Disposable Challenge, a nationwide environmental campaign started by the Ministry of Environment aiming to reduce the use of disposable products in daily life. The campaign involves reducing the use of single-use items in daily life and increasing the use of reusable items. Participants make a commitment to these practices on social media platforms and nominate the next participants."Efforts to improve the environment are something that each individual can practice in their everyday lives,” LX Holdings CEO Roh Jin-seo said. “Instead of prioritizing the convenience of single-use items, we should think about their environmental impact. I will contribute to the establishment of a culture that reduces the use of disposable items through continuous efforts.”In addition, CEO Roh recommended Shin Hak-cheol, vice chairman of LG Chem, and Roh Tae-moon, President (head of mobil

Aug 21, 2023By Kim Hyun-bin
LX Holdings CEO joins Zero Disposable Challenge
Companies

Renault Korea's XM3 brings joy to driving

XM3 E-TECH Hybrid / Courtesy of Renault KoreaBy Kim Hyun-binRenault Korea's XM3 stands out in the domestic market boasting the most diverse engine options in its class paired with distinct transmissions. There are three different variations: CVT turbocharged, 7-speed dual-clutch and hybrid. Consumers can choose an XM3 from various powertrain types to suit their preferences.The engines and transmission of a vehicle are crucial components and these three XM3 models possess distinct characteristics in this area. The XM3 1.6 GTe combines smooth acceleration and provides a quiet, gentle ride equipped with the CVT. The XM3 TCe 260 pairs a powerful turbo engine with a 7-speed dual-clutch, ensuring consistent and forceful acceleration. The XM3 E-TECH Hybrid features characteristics similar to an electric car, with its pure electric mode.The XM3 utilizes the CMF-B platform shared by Renault and Nissan's various front-wheel-drive models. This platform maintains stability even at high speeds and handles rough roads well, offering stable and agile performance.High chassis ensures both stable dri

Aug 21, 2023By Kim Hyun-bin
Renault Korea's XM3 brings joy to driving
Companies

Samsung, Google, Kakao game collaboration hits peak popularity

Models play “Ares: Rise of Guardians” through the Galaxy Z Fold 5 / Courtesy of Samsung ElectronicsBy Kim Hyun-binSamsung Electronics collaborated with Google and Kakao Games to release “Ares: Rise of Guardians,” which immediately rose to the top of Google Play Store's popularity chart and ranked second in terms of revenues following its launch. "Through collaboration with Google and Kakao Games, we are delighted to provide Galaxy smartphone users with a more immersive and enjoyable gaming experience," an official from Samsung Electronics said.Samsung Electronics and Kakao Games applied the latest 3D graphics application programming interface (API), known as Vulkan, to Ares. As a result, the game provides stable frames compared to the existing graphics API by reducing memory usage.Google also ensured stable frame rates by implementing adaptive performance for Ares, aiming to optimize performance for representative models including the Galaxy Z Fold 5."Through the technological collaboration of the three companies, the new game 'Ares' has become more enjoyable

Aug 20, 2023By Kim Hyun-bin
Samsung, Google, Kakao game collaboration hits peak popularity
Companies

Korean Air to weigh passengers on domestic, international flights

Korean Air B787-9 / Courtesy of Korean AirBy Kim Hyun-binKorean Air will weigh passengers and their carry-on luggage when boarding domestic and international flights in compliance with aviation laws. The airline plans to apply a weight standard on passengers, including their carry-on baggage, with domestic passengers at Gimpo International Airport from Aug. 28 to Sept. 6, and international passengers at Incheon International Airport from Sept. 8 to Sept. 19.The collected data will be anonymous and used for safety operations, according to the airline. Passengers who do not wish to participate in the measurements can inform the staff at the time of boarding.In a local survey conducted in the summer of 2017, the standards were set at 81 kg for adult males and 69 kg for adult females. The U.S. Federal Aviation Administration (FAA) recommends 88.4 kg for adult males and 70.3 kg for adult females.Aircraft typically carry about 1 percent more fuel than necessary. Accurate passenger weight measurements can reduce additional fuel consumption, potentially saving around $1 billion annually.Acco

Aug 20, 2023By Kim Hyun-bin
Korean Air to weigh passengers on domestic, international flights
Companies

KT Submarine starts fresh as LS Marine Solution

Employees of LS Marine Solution pledge a new beginning at their Busan office, Thursday. Courtesy of LS Cable & SystemsBy Kim Hyun-binLS Cable & System announced that it has acquired a 24.3 percent stake (6,295,558 shares) in KT Submarine (KTS) from KT for 44.9 billion won ($33.2 million), securing a total 45.69 percent stake and becoming the largest shareholder, according to the company, Thursday.At the same time, KTS held a special shareholders' meeting the same day to approve agenda items related to changes in articles of incorporation, including changing the company name to LS Marine Solution. LS Cable has completed all acquisition procedures in just about four months since April when it secured the management stake through a call option contract."Through the acquisition of KTS, our underwater construction capabilities have been reinforced, enabling us to provide turnkey solutions from underwater cable production to construction," an LS Cable official said.Through the company's involvement in underwater power cable projects, a key growth driver in the first half of this ye

Aug 17, 2023By Kim Hyun-bin
KT Submarine starts fresh as LS Marine Solution
Companies

Porsche launches new Cayenne

Porsche Korea CEO Holger Gerrmann poses next to the newly released Cayenne in Seoul, Thursday. Courtesy of Porsche KoreaBy Kim Hyun-binPorsche Korea launched the new Cayenne in three trims, the Cayenne, Cayenne Coupe and Cayenne Turbo GT in Seoul, Thursday, which will be available for delivery to customers starting September.The new Cayenne is positioned as the sportiest model in the SUV segment with its powerful engine and brand-new design, highly digitized display and control concepts, new chassis technology and innovative high-tech features, according to the German automaker."The Porsche Cayenne is a style icon of the luxury SUV segment as well as a symbol of Porsche's continuous innovation,” Porsche Korea CEO Holger Gerrmann said. "We look forward to the positive reactions of our fans and customers for the new Cayenne, which, despite being a facelift model, has undergone a complete makeover with the highest investment ever."Powered by a three-liter V6 turbo engine, the new Cayenne entry model has a maximum output of 360 PS and a torque of 51 kilogram-meters. The Cayenne acc

Aug 17, 2023By Kim Hyun-bin
Porsche launches new Cayenne
Companies

Kia unveils all-new Sorento

Kia releases all-new Sorento. Courtesy of Kia Corp.

Aug 17, 2023By Kim Hyun-bin
Kia unveils all-new Sorento
Companies

Hyundai Motor, SNU establish master's program to foster vehicle software experts

Hyundai Motor President Kim Yong-hwa, right, poses with Seoul National University Executive Vice President for Academic Affairs Kim Seong-kyu, after signing a memorandum of understanding to establish a master's program to foster vehicle software experts at SNU in Seoul, Wednesday. Courtesy of Hyundai Motor By Kim Hyun-binHyundai Motor signed an agreement with Seoul National University (SNU) to establish the future automotive mobility department to foster vehicle software experts, according to the company, Wednesday.Hyundai announced that it will establish the department to foster talents specialized in the fields of vehicle software, electric vehicle (EV) control, and autonomous driving. The Future Automotive Mobility Department is the first-ever master's degree program established by SNU in collaboration with a company based on a recruitment-oriented contract. The educational curriculum has been jointly developed by Hyundai and SNU.Hyundai and SNU plan to recruit i

Aug 16, 2023By Kim Hyun-bin
Hyundai Motor, SNU establish master's program to foster vehicle software experts
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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.