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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

Hyundai Motor signs deal to acquire GM India plant

Kim Eun-soo, executive vice president of Hyundai Motor India, Middle East & Africa Strategic Region, left, poses with Asif Khatri, vice president of production at GMI, after signing an acquisition agreement for the Talegaon plant in Gurugram, Haryana state, India, Wednesday (local time). Courtesy of Hyundai Motor GroupBy Kim Hyun-binHyundai Motor has acquired GM India's Talegaon plant in response to growing demand in India's rapidly expanding automotive market, Korea's largest carmaker said Wednesday.The company signed an agreement to take over the assets of GM India's Talegaon plant located in Gurugram, Haryana state, India, Wednesday (local time). The signing ceremony was attended by about 20 officials from both companies, including Kim Eun-soo, executive vice president of Hyundai Motor India's (HMI) Middle East & Africa Strategic Region, and Asif Khatri, vice president of production at GMI. "This year will mark a new milestone in Hyundai's 27-year history in India," Kim said. "Starting from the full-scale operation of the Talegaon plant in 2025, we will establish an advanc

Aug 16, 2023By Kim Hyun-bin
Hyundai Motor signs deal to acquire GM India plant
Companies

Hyundai Motor, NaaS sign EV-charging business partnership

Hyundai Motor Group China Senior Manager Joo Chel-kyu, left, signs a memorandum of understanding with Yang Xing, vice chairman of NaaS, front row right, along with other company officials to cooperate in the field of electric vehicle charging services at the NaaS headquarters in Beijing, Monday. / Courtesy of Hyundai Motor Group By Kim Hyun-binHyundai Motor Group signed a partnership agreement with Chinese electric vehicle (EV) charging service provider NaaS, as it seeks to sell more EVs in the world's second-largest economy, Korea's third-largest business group said Monday.Representatives of Hyundai Motor Group China (HMGC) including Executive Vice President Lee Hyuk-jun met with NaaS CEO Wang Yang at NaaS headquarters in Beijing to sign a memorandum of understanding (MOU) for cooperation in EV charging services."Through cooperation with NaaS, Hyundai Motor Group will provide Chinese EV customers with more convenient and innovative charging services," Lee said duri

Aug 14, 2023By Kim Hyun-bin
Hyundai Motor, NaaS sign EV-charging business partnership
Companies

Samsung urged to secure lead in AI revolution

Sebastian Seung, president of Global Research and Development at Samsung Research, speaks at Samsung Electronics' press conference during the 2023 Consumer Electronics Show (CES) in Las Vegas, January. Courtesy of Samsung ElectronicsBy Kim Hyun-binWorld-renowned artificial intelligence (AI) scholar Sebastian Seung urged Samsung Electronics to seize the momentum and take the lead in the AI industry."Generative AI is accelerating the transformation towards the popularization of AI. In the new ecosystem, Samsung must firmly establish its position as quickly as possible,” Seung, the president of Global Research and Development (R&D) at Samsung Research, posted on the internal knowledge-sharing platform Mosaic, Monday. "We are at a turning point where significant opportunities and threats coexist. AI is evolving into a tool that anyone can use to enhance their productivity, similar to the personal computer revolution of the 1980s."He termed this the “Personal AI Revolution.” "The Personal AI Revolution will be as significant as the changes brought by the internet and

Aug 14, 2023By Kim Hyun-bin
Samsung urged to secure lead in AI revolution
Companies

LH execs offer to resign over shoddy construction scandal

Korea Land & Housing Corp. (LH) CEO Lee Han-jun apologizes for discrepancies at 20 apartment complexes and offers to resign for the mishap at a press conference at LH's Seoul regional headquarters, Friday. YonhapBy Kim Hyun-binThe CEO and all other executives of the state-run Korea Land & and Housing Corporation (LH) have offered to resign, Friday, taking responsibility for the continued controversy over the botched construction of multiple public apartment complexes. The company announced on Friday that the number of flat-plate-structure apartment complexes with such problems totals 20, five more than announced previously. "On top of the resignations offered by all our executives, I will follow the decision by the administration (regarding whether I should step down). It reflects our commitment to fundamentally transform LH and drive change through the appointment of new executives,” LH CEO Lee Han-jun said during an emergency press conference held at the LH Seoul Regional Office, Friday. He also announced plans to transition to a taskforce structure while significantl

Aug 11, 2023By Kim Hyun-bin
LH execs offer to resign over shoddy construction scandal
Companies

Hyundai Motor CEO welcomes Jamboree participants

Hyundai Motor CEO Jang Jae-hoon, left, poses with members of the Netherlands and Finland's Scout contingents at the company's Mabuk Training Center in Yongin, Gyeonggi Province, Friday. He inspected facilities, programs, accommodation and dining venues prepared for the contingent members. Courtesy of Hyundai Motor

Aug 11, 2023By Kim Hyun-bin
Hyundai Motor CEO welcomes Jamboree participants
Companies

Samsung Electronics reduces presence in China, cutting both facilities and workforce

Samsung Electronics semiconductor factory in Xi'an, China / Courtesy of Samsung ElectronicsBy Kim Hyun-binSamsung Electronics' Chinese operations and workforce are showing evidence of decline, reflecting a possible move to reduce reliance on China. Its legal battle against BOE, a leading Chinese display company, is likely to add haste to the China exit.According to Samsung Electronics' sustainability report released Friday, the total number of non-executive employees in China decreased from 599 in 2020 to 527 in 2021 and further to 477 in 2022. This contrasts with the continuously increasing numbers in Southeast Asia, Southwest Asia, and Japan, which went from 3,590 in 2020 to 4,305 in 2021, and 4,583 in 2022.The number of executives also decreased, going from 18,099 in 2020 to 17,891 in 2022. Its revenue in China also sharply declined to 35.6 trillion won ($26.9 billion) in 2022 from 45.6 trillion won in 2021. Its business establishments in China are also decreasing. According to a corporate analysis by the Korea CXO Research Institute, Samsung Electronics reduced the number of subs

Aug 11, 2023By Kim Hyun-bin
Samsung Electronics reduces presence in China, cutting both facilities and workforce
Companies

Hyundai Motor premieres all-new SANTA FE

Hyundai Motor's all-new SANTA FE / Courtesy of Hyundai MotorBy Kim Hyun-binHyundai Motor made a world premiere of its new Santa Fe on the company's YouTube channel, Thursday, showcasing core features. The world premiere video, titled "Open for More," was filmed in SANTA FE, New Mexico, the origin of the model, to commemorate the heritage of the SANTA FE spanning from the 1st generation to the current 5th generation.The video emphasizes the SANTA FE's spacious and sturdy tailgate, which transforms ordinary cargo space into a personalized open terrace, making outdoor activities more accessible. The video also showcases the seamless connection between urban and natural settings, inside and outside, expanding the range of everyday experiences. The new SANTA FE, a fifth-generation model, is launched five years after the fourth-generation model's debut in 2018 and positioned as Hyundai's flagship midsize SUV, it encompasses both urban and outdoor lifestyles."Since the debut of the first-generation model, Hyundai's first independently developed SUV, the SANTA FE has captured the hearts of g

Aug 10, 2023By Kim Hyun-bin
Hyundai Motor premieres all-new SANTA FE
Companies

POSCO International subsidiary Senex Energy signs 7 long-term natural gas supply contracts

A natural gas drilling rig of Senex Energy in Australia / Courtesy of POSCO InternationalBy Kim Hyun-binPOSCO International announced, Thursday, that its Australian subsidiary, Senex Energy, has consecutively signed seven long-term gas supply contracts in Australia.Senex Energy recently inked approximately 133 petajoules worth of supply contracts with various companies including AGL, the largest power generation company in Australia, as well as BlueScope, Liberty Steel and Orora.The 133 petajoules of natural gas is equivalent to about 2.5 million tons of liquefied natural gas (LNG) production, meeting around 25 percent of the annual gas demand in the eastern region of Australia. The supply contracts will span a maximum of 10 years starting in 2025. "We have secured a robust foundation for sustainable revenue generation over the next 10 years, while also expanding our eco-friendly energy transition projects such as green hydrogen," Senex Energy said.In line with the increasing demand for natural gas, POSCO International and its partner Hancock have invested $300 million AUD ($196.3 mi

Aug 10, 2023By Kim Hyun-bin
POSCO International subsidiary Senex Energy signs 7 long-term natural gas supply contracts
Companies

Hyundai Mobis secures battery system assembly order from Volkswagen

Hyundai Mobis overseas production bases / Courtesy of Hyundai MobisBy Kim Hyun-binHyundai Mobis has secured substantial overseas contracts in the electric vehicle (EV) components business, marking a significant step toward global expansion. These contracts, involving bulk orders of EV components targeted at major global carmakers, show Hyundai Mobis' competitiveness in the global market, according to the company, Wednesday.The company announced it has successfully obtained a contract to supply battery system assemblies (BSA) ― a key component for EVs ― to the renowned German carmaker, Volkswagen. The battery systems secured by Hyundai Mobis are intended for integration into Volkswagen's upcoming next-generation EV platform.BSA refers to a fully integrated product combining battery packs with components such as battery management systems (BMS), ensuring the safe and efficient operation of EV batteries. High-capacity and high-efficiency battery systems are pivotal components influencing the quality and performance of EVs. Hyundai Mobis boasts a battery system portfolio applicable to al

Aug 9, 2023By Kim Hyun-bin
Hyundai Mobis secures battery system assembly order from Volkswagen
Companies

POSCO Group unveils new corporate slogan 'Green Tomorrow, with POSCO'

POSCO's new slogan “Green Tomorrow, with POSCO” / Courtesy of POSCO GroupBy Kim Hyun-binPOSCO Group unveiled its new brand slogan, “Green Tomorrow, with POSCO,” Wednesday. The group explained that this new slogan reflects its direction towards becoming a century-old enterprise, attempting to maximize corporate value through a transition into holding company structure and improvements in environmentally-focused business models.According to POSCO Group, the new brand slogan "POSCO Group embodies the commitment to creating a sustainable future for humanity. By combining technology with iron ore, we create the foundational iron for industries; by infusing technology into lithium, a crucial material for green mobility, to contribute value to the world."Starting Aug. 14, POSCO Group plans to showcase a brand advertisement conveying the message of "adding value to the world" through lithium production in the salt flats of Argentina, presented via YouTube and movie theaters.Each business subsidiary under POSCO Group maintains a consistent message of "Adding Value to t

Aug 9, 2023By Kim Hyun-bin
POSCO Group unveils new corporate slogan 'Green Tomorrow, with POSCO'
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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.