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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

Manufacturers take steps to prevent damage from Typhoon Khanun

Samsung Electronics' semiconductor plant in Hwaseong, Gyeonggi Province / Courtesy of Samsung ElectronicsBy Kim Hyun-binSamsung Electronics, SK hynix and other large manufacturers are taking comprehensive measures to prepare for the potential impact of Typhoon Khanun, which is forecast to affect the Korean Peninsula, Wednesday and Thursday, company officials said, Tuesday.Samsung Electronics and SK hynix's typhoon preparation steps come as Taiwan's TSMC, the world's leading semiconductor foundry, recently activated emergency protocol measures to protect its facilities from typhoon damage. This has prompted calls for domestic semiconductor manufacturers to establish robust typhoon response strategies.TSMC has maintained a 24-hour emergency response system across all semiconductor facilities in Taiwan, aiming to prevent typhoon-related disruptions.Semiconductor fabs face significant challenges if production processes are disrupted, as issues can cascade through various stages, often resulting in the disposal of wafers in progress. Consequently, fabs require extensive safety measures, i

Aug 8, 2023By Kim Hyun-bin
Manufacturers take steps to prevent damage from Typhoon Khanun
Companies

Hyundai Motor invites Scouts to nearby plant

Members of the Netherlands contingent participating in the 2023 World Scout Jamboree tour around the truck production line at a Hyundai Motor plant in Wanju, North Jeolla Province, Monday. Courtesy of Hyundai Motor GroupBy Kim Hyun-binHyundai Motor invited overseas youth members who participated in the Scout Jamboree to its commercial vehicle plant in Wanju, North Jeolla Province, the company said Monday.The factory tour is a program designed to enhance understanding of the Korean automotive industry and the program is scheduled to run through Aug. 10 for scout members from the Netherlands, Japan and Malaysia who pre-registered.The members who visited the Hyundai Motor plant toured the eco-friendly commercial vehicle production line, including hydrogen buses and trucks. The plant boasts the world's largest production capacity for commercial vehicles, with an annual capacity of approximately 103,000 vehicles. Lately, the focus has been on the production of environmentally friendly vehicles such as electric and hydrogen buses and trucks."We have structured a program for the foreign you

Aug 7, 2023By Kim Hyun-bin
Hyundai Motor invites Scouts to nearby plant
Companies

Everland releases photos of 1-month-old twin panda cubs

Twin pandas mark 30th day of birth at Everland Panda World in Yongin, Gyeonggi Province, Monday. Courtesy of Samsung C&TBy Kim Hyun-binTwin giant pandas born last month celebrated their one-month birthday at Everland Panda World, according to the country's largest theme park, Monday. In photos taken the day before their 30th day on Sunday, the much-celebrated twins of an endangered species appeared slightly plumper. The distinctive black markings characteristic of pandas were visible around their eyes, ears, shoulders, arms and legs.The twin pandas, born to mother Ai Bao and father Le Bao at Everland Panda World, are both female. They were born on July 7, weighing 180 grams and 140 grams, respectively. Both Ai Bao and her two cubs are in good health.As part of their 30-day health checkup, the twin pandas weighed 1.1 kilograms and 1.2 kilograms, respectively, marking a remarkable sixfold and eightfold increase in weight respectively over the course of one month. The twin pandas recently achieved their first successful attempts at rolling over."Drawing from Ai Bao's parenting exper

Aug 7, 2023By Kim Hyun-bin
Everland releases photos of 1-month-old twin panda cubs
Companies

Samsung, LG Electronics set to debut at IAA Mobility 2023

A concept image of LG Electronics vehicle infotainment system installed in the cockpit of a car / Courtesy of LG ElectronicsBy Kim Hyun-binSamsung Electronics and LG Electronics are set to debut in the IAA Mobility 2023, an international motor show taking place in Munich, Germany, from Sept. 5 to 10, as part of attempts to seize the future market of automotive electronic components.In response to the growth of future mobility alternatives, including electric and self-driving vehicles, both companies are eager to step up their businesses to become more competitive in the car component sectors.The automotive component sector is expected to grow at an annual average rate of 14 percent until 2029. This is due to the rapid growth of the electric vehicle (EV) market, leading to an increase in the incorporation of high-value components such as semiconductors, cameras, sensors, communication and displays.The automotive component market, which was around 70 percent of the size of the smartphone component market in 2017, is expected to surpass the smartphone component market this year.In line

Aug 6, 2023By Kim Hyun-bin
Samsung, LG Electronics set to debut at IAA Mobility 2023
Companies

Steelmaker opens POSCO Square Garden to public

POSCO Group Chairman Choi Jeong-woo, center, along with other company officials attends the opening ceremony for POSCO Square Garden, unveiling it to the general public in Seoul, Thursday. Courtesy of POSCO HoldingsBy Kim Hyun-binPOSCO newly opened an urban composite cultural space called POSCO Square Garden at its headquarters in Seoul to the public, the company announced Sunday.The Square Garden entails two walking paths and three gardens. The newly established cultural and artistic walking paths around the POSCO Center have various plants on both sides of the public walking paths, with a total of 13 resting areas established along the paths.Furthermore, there are facilities for ongoing performances and a place for citizens to rest where various exhibitions and performances take place and an outdoor art gallery called the Gallery Garden, providing abundant attractions and opportunities for citizens to relax.Inside the POSCO Center, an eco-friendly design has been applied to create a forest-like atmosphere. A large media wall connecting lower floors allows easy access from the groun

Aug 6, 2023By Kim Hyun-bin
Steelmaker opens POSCO Square Garden to public
Companies

LG Electronics reduces greenhouse gas emissions by 220,000 tons

LG Electronics 2022-2023 sustainability report “Better Life for All” published Friday / Courtesy of LG Electronics By Kim Hyun-binLG Electronics reduced greenhouse gas emissions by about 220,000 tons year-on-year in 2022 at its domestic and overseas facilities and increased the use of recycled plastics by 25 percent over the same period, according to a sustainability report the home appliance maker published Friday.In the report, LG Electronics disclosed the performance and achievement strategies for six major tasks to achieve its environmental, social, and corporate governance (ESG) management vision of "Better Life for All." The six strategic tasks that LG Electronics is pursuing include carbon neutrality, resource circulation, eco-friendly technology, accessibility, workplace safety and diversity and inclusion.According to the report, LG Electronics emitted a total of 927,000 tons of direct greenhouse gases and indirect greenhouse gases last year. The conversion

Jul 28, 2023By Kim Hyun-bin
LG Electronics reduces greenhouse gas emissions by 220,000 tons
Companies

Hyundai, Kia to support partner companies with automated carbon emissions management

Hyundai Motor, Kia headquarters in Seoul / Courtesy of Hyundai Motor Group By Kim Hyun-binHyundai Motor and Kia will establish a Supplier CO2 Emission Monitoring System (SCEMS) to support their partner companies to better cope with global environmental regulations, Hyundai Motor Group announced Friday.SCEMS integrates and manages carbon emission histories throughout the entire process, from raw material procurement to the manufacturing and transportation of parts and vehicles. It adopts artificial intelligence (AI) modeling to accommodate the diverse industrial characteristics of hundreds of partner companies.Upon inputting essential data into the system, the AI automatically provides information on carbon emissions and future predictive values, allowing partner companies to set their own targets and manage reduction activities, which were previously reliant on external experts for carbon footprint calculation due to a lack of specialized personnel.In addition, SCEM

Jul 28, 2023By Kim Hyun-bin
Hyundai, Kia to support partner companies with automated carbon emissions management
Companies

POSCO Holdings surpasses Hyundai Motor in market cap on battery boom

POSCO Holdings' brine lithium demo plant located in Olaroz, Argentina. Courtesy of POSCO HoldingsBy Kim Hyun-binPOSCO Holdings stock prices surged more than 10 percent, Friday, surpassing Hyundai Motor's market capitalization of 42.3 trillion won ($32.85 billion) backed by its secondary battery material business growth expectations, according to analysts and industry officials.POSCO Holdings stock prices soared 10.75 percent to 551,000 won per share, sending its market capitalization to 46.5 trillion won, becoming the eighth-largest company on the main bourse KOSPI. The market capitalization of the seventh-ranked Samsung SDI stands at 47.1 trillion won.Analysts attribute the surge to POSCO Holdings' focus on generating new growth momentum in the secondary battery material sector, as it shifts away from its traditional steel business and seeks overall business improvements.“UBS raised its target price to 625,000 won, while Macquarie Securities and other leading overseas securities firms also raised their target prices, which looks to have contributed to the rise in POSCO Holding

Jul 21, 2023By Kim Hyun-bin
POSCO Holdings surpasses Hyundai Motor in market cap on battery boom
Companies

Samsung, LG sweep JD Power rankings

A consumer uses Samsung Electronics' Bespoke Refrigerator Family Hub Plus to search for recipes and listen to music, among various other tasks. Courtesy of Samsung Electronics.By Kim Hyun-binSamsung Electronics and LG Electronics dominated the "2023 Home Appliance Satisfaction Survey" conducted by the U.S. market research firm JD Power, according to company officials, Friday. JD Power ranked 12 categories and 11 product groups based on evaluations from over 20,000 customers who purchased home appliances last year. Samsung Electronics and LG Electronics clinched first in nine major home appliance categories. Samsung Electronics claimed the top spot in eight categories, including cooktops, over-the-range microwaves (OTR microwaves), freestanding ranges, French-door refrigerators, standard refrigerators, drum washing machines, top-load washing machines and dryers. They also secured the second position in dishwashers and side-by-side refrigerators.LG Electronics captured the first in the side-by-side refrigerators and integrated hood microwaves categories. They ranked second in freestand

Jul 21, 2023By Kim Hyun-bin
Samsung, LG sweep JD Power rankings
Companies

Hyundai Motor Group unveils nanotech capable of repairing vehicle surface scratches

Lee Jong-soo, executive vice president of Hyundai Motor Group's Institute of Advanced Technology Development, introduces transparent solar panels during the Nano Tech Day 2023 event in Seoul, Thursday. Courtesy of Hyundai Motor GroupBy Kim Hyun-binHyundai Motor Group has unveiled its advanced nanotechnologies which enable vehicles to self-repair surface damage, self-recharge batteries via solar cells and lower indoor temperatures through cooling films, Korea's largest carmaker said Thursday.These cutting-edge technologies based on nanoengineering involve synthesizing and arranging materials at the microscopic level to create new materials with unique properties, it said.Hyundai Motor and Kia showcased these nanotech innovations at the Nano Tech Day 2023 event in Seoul. One of these technologies is a nano-coating which allows vehicles to heal surface damage. As autonomous driving and electric vehicle (EV) technologies advance, the risk of critical component damage increases. Even minor scratches on vital parts like cameras or LiDAR sensors used in autonomous driving can hinder a vehic

Jul 20, 2023By Kim Hyun-bin
Hyundai Motor Group unveils nanotech capable of repairing vehicle surface scratches
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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.