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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

Korean companies urged to acquire foreign firms with advanced tech

By Kim Hyun-binKorean companies need to make more efforts to acquire overseas firms possessing advanced technologies, such as semiconductors, secondary batteries, artificial intelligence and biopharmaceuticals, rather than establishing more production bases abroad, according to a report by the Korea Chamber of Commerce and Industry (KCCI), Monday.The business lobby stressed that mergers and acquisitions (M&As) should be active to enhance the technological competitiveness of domestic companies, in its report titled "Support Measures for Enhancing the Advanced Technology Competitiveness of Domestic Companies."It argued M&As can facilitate corporate restructuring and entry into new growth industries, thereby increasing the growth potential of the domestic economy. They stated that M&As with foreign tech companies could be a key means of enhancing the advanced technological competitiveness of domestic companies.Recently, the scale of M&A transactions in both domestic and international markets has contracted signi

Jul 10, 2023By Kim Hyun-bin
Korean companies urged to acquire foreign firms with advanced tech
Companies

POSCO Holdings completes construction of secondary battery recycling plant

POSCO Group Chairman Choi Jeong-woo, sixth from left, poses with GS Energy CEO Huh Yong-soo, fourth from left, along with other company and government officials during the completion ceremony of HY Clean Metal at Yulchon Industrial Complex, South Jeolla Province, Friday. Courtesy of POSCO HoldingsBy Kim Hyun-binPOSCO Holdings completed the construction of its secondary battery recycling plant POSCO HY Clean Metal. The plant was made in collaboration with China Huayu Cobalt and GS Energy, according to the company, Sunday.POSCO HY Clean Metal, which saw its construction completed on Friday, is capable of processing 12,000 tons of so-called black powder annually and recovering 2,500 tons of nickel, 800 tons of cobalt and 2,500 tons of lithium carbonate.Black powder refers to powder containing valuable metals such as lithium, nickel, cobalt, and manganese, which are raw materials for secondary battery materials, obtained by crushing and selectively collecting waste batteries.POSCO Holdings established the Poland Legnica Sourcing Center (PLSC) in Poland in August last year to crush second

Jul 9, 2023By Kim Hyun-bin
POSCO Holdings completes construction of secondary battery recycling plant
Companies

SK to support Korean cultural events in New York next week

Korean Arts Week advertisements are displayed on screens of a New York subway station, Sunday. Courtesy of SK GroupBy Kim Hyun-binSK will support Korean Arts Week event, scheduled to take place at the Lincoln Center in New York from July 19 to 22, to promote the beauty and diversity of Korean culture and generate publicity for Korea's efforts to host World Expo 2030 in Busan, according to the company, Sunday.Korean Arts Week showcases various cultural and artistic programs, including performances, exhibitions and films, highlighting the past, present and future of Korean art. The centerpiece is the Seoul Metropolitan Dance Company's production of "One Dance," created by the Sejong Center for the Performing Arts.From July 20 to 22, "One Dance" will be performed three times at the Lincoln Center, offering a contemporary reinterpretation of the UNESCO-designated intangible cultural heritage, “Jongmyo Jeryeak.” The work embodies the essence of Korean art, blending vibrant colors, explosive energy, and restrained aesthetics beyond tradition.SK not only provides financial suppo

Jul 9, 2023By Kim Hyun-bin
SK to support Korean cultural events in New York next week
Companies

Hyundai chief visits Intel Campus in Ireland

Hyundai Motor Group Executive Chair Chung Euisun, second from left, poses with Co-General Manager of Intel Worldwide Semiconductor Manufacturing Ann-Marie Holmes, third from left, during his visit to Intel Campus in Leixlip, Ireland, Friday. From left are Hyundai Motor Vice President of Global Strategy Office Kim Heung-soo, Chung, Holmes, and General Manager of Intel's Fab 24 Operations Neil Philip. Courtesy of Hyundai Motor Group

Jul 9, 2023By Kim Hyun-bin
Hyundai chief visits Intel Campus in Ireland
Companies

Korea, Japan agree to cooperate more on finance, energy, startups

Kim Byong-joon, left, the acting chairman of the Federation of Korean Industries (FKI), speaks while Keidanren Chairman Tokura Masakazu looks on during the inaugural meeting of the Korea-Japan Future Partnership Fund Operating Committee at the FKI Conference Center in Seoul, Thursday. Courtesy of FKIBy Kim Hyun-binKorean and Japanese business leaders came together to address global issues and highlight future industrial cooperation between the two countries. The Federation of Korean Industries (FKI) and the Japan Business Federation (Keidanren) jointly held the Korea-Japan Industrial Cooperation Forum at the FKI Conference Center in Seoul, Thursday.Discussions were held on cooperation between Korea and Japan in areas such as joint ventures, global common challenges including carbon neutrality and collaboration in advanced industries such as semiconductors, artificial intelligence (AI) and quantum technology.Considering the importance of sustainable development, the two countries agreed to share know-how in the fields of hydrogen and bioenergy as well as their expertise in global comm

Jul 6, 2023By Kim Hyun-bin
Korea, Japan agree to cooperate more on finance, energy, startups
Companies

Will Samsung, SK, Hyundai Motor, LG rejoin FKI?

From left are Samsung Electronics Executive Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Executive Chair Chung Euisun and LG Group Chairman Koo Kwang-mo. Korea Times filesConglomerates set to decide on membership late AugustBy Kim Hyun-binKorea's top four business groups have drawn attention over whether they will rejoin the Federation of Korean Industries (FKI) as it moves to change its name and reorganize its structure in a bid to reclaim its lost status as the nation's leading business lobby, according to industry officials, Thursday.Samsung, SK, Hyundai Motor and LG all withdrew their memberships after the entity was connected to the corruption scandal that put former President Park Geun-hye behind bars in 2017. The question of rejoining the FKI resurfaced, Tuesday, when it held an extraordinary general meeting and discussed its merger with an affiliated think tank, the Korea Economic Research Institute (KERI). On that day, member companies, including the four major conglomerates, agreed to dissolve KERI and merge it with the FKI. The integration pla

Jul 6, 2023By Kim Hyun-bin
Will Samsung, SK, Hyundai Motor, LG rejoin FKI?
Companies

POSCO International to help SMEs enter overseas market

POSCO International building in Songdo, Incheon / Courtesy of POSCO InternationalBy Kim Hyun-binPOSCO International hosted an export voucher consultation meeting with the Korea SMEs and Startups Agency in Bangkok, Thailand, Wednesday. The export voucher system is a program that provides marketing services to support SMEs' overseas market entry, according to the company, Wednesday.The meeting aimed to facilitate one-on-one export consultations between domestic small and medium-sized enterprises and local companies in Thailand. The company explained that its purpose was to assist in the search for overseas market opportunities for small and venture businesses through collaboration with the government and promote mutually beneficial growth.POSCO International and the Korea SMEs and Startups Agency selected 12 small and venture companies. These companies were chosen based on considerations such as market demand, product competitiveness, and potential matches with buyers. They possessed excellent technology and products but required assistance in expanding into overseas markets.The 12 sel

Jul 5, 2023By Kim Hyun-bin
POSCO International to help SMEs enter overseas market
Companies

Naver seeks to win Saudi megaprojects

Majed al-Hogail, the minister of Municipal and Rural Affairs and Housing for Saudi Arabia, shake hands with the Ambidex robot arm at the Naver 1784 headquarters in Seongnam Gyeonggi Province, Nov. 29, 2022. Courtesy of Naver. IT firm plans to establish corporate office in oil-rich kingdomBy Kim Hyun-binNaver has its sights on Saudi Arabia where megaprojects could utilize the emerging technologies and expertise of the Korean tech giant, according to industry officials, Monday.The IT firm is considering establishing a corporate office in Saudi Arabia to expedite communication and procedures with the Saudi Arabian government. This move is in response to the memorandum of understanding (MOU), which was signed by Naver and its affiliates to participate in Saudi Arabia's digital transformation project. The Korean government has also shown strong commitment to push forward with a public-private support unit to bid for projects in the Kingdom while Naver is envisioning plan

Jul 5, 2023By Kim Hyun-bin
Naver seeks to win Saudi megaprojects
Companies

INTERVIEW Genesis enhances brand image, recognition through golf

Hyundai Motor Group Executive Chair Chung Euisun, left, poses with 2022 Genesis Scottish Open winner Xander Schauffele, in front of the Genesis GV70 electric model at the Renaissance Club, in North Berwick, Scotland on July 10, 2022. Courtesy of Hyundai Motor GroupBy Kim Hyun-binHyundai Motor Group has been pushing to enhance the image and recognition of its luxury brand Genesis in the global market. As part of such efforts, the automaker has been sponsoring major international golf tournaments.Song Min-kyu, global head of Genesis, said in an interview with The Korea Times, Wednesday, that the prestigious sports events were selected to promote the automotive brand, as they share the ideals of “respect, integrity, and excellence.“We are committed to building a legacy through golf, and we believe that our differentiated standards of design, technology, and hospitality will help us to achieve this goal,” Song said. “As Genesis expands its market globally, we would also like to expand our global golf platform to be closer to our customers in major markets.”G

Jul 5, 2023By Kim Hyun-bin
[INTERVIEW]Genesis enhances brand image, recognition through golf
Tech & Science

SK Square, SK hynix to invest in semiconductor startups in US, Japan

SK hynix Icheon plant in Gyeonggi Province / Courtesy of SK hynixBy Kim Hyun-binSK Square and SK hynix are seeking to invest in semiconductor materials, components and equipment in the U.S. and Japan, according to SK officials, Tuesday.The two affiliates announced plans to invest approximately 100 billion Korean won ($76.8 million) in U.S. and Japanese overseas semiconductor material and component companies, along with major domestic financial firms. They will invest in companies with strong technological capabilities in the semiconductor material and component sector, in order to establish a stable supply chain and enhance advanced technological competitiveness.SK Square has established an investment firm called TGC Square, with participation from SK hynix, Shinhan Financial Group and LIG Nex1, among others. They aim to collaborate with technologically advanced small and medium-sized companies in the semiconductor value chain, specializing in design, production and packaging processes. TGC Square also plans to operate a semiconductor advisory committee to provide insights from semic

Jul 4, 2023By Kim Hyun-bin
SK Square, SK hynix to invest in semiconductor startups in US, Japan
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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.