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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 businesses seek to boost presence in Vietnam

A video advertisement is displayed on top of the Korean Culture Center in downtown Hanoi to commemorate President Yoon Suk Yeol's state visit to Vietnam, Thursday. Courtesy of presidential office Top conglomerate chiefs accompany president's state visitBy Kim Hyun-binKorean businesses are exploring new investment opportunities in Vietnam, seeing huge potential in the rapidly growing Southeast Asian country which last year emerged as Korea's third-largest trade partner following China and the U.S.The pivot is aimed at reducing Korea's economic reliance on China, where Korean businesses face uncertainties due to the rivalry between China and the U.S. over supply chains and other issues.The increasing interest in Vietnam has been reflected in visits to the country by more than 200 Korean business leaders, including the chiefs of Korea's top four conglomerates, who are accompanying President Yoon Suk Yeol's state visit to the Southeast Asian country as an economic deleg

Jun 22, 2023By Kim Hyun-bin
Korean businesses seek to boost presence in Vietnam
  • Yoon visits Vietnam to bolster economic, defense ties
  • Yoon meets with Korean language students in Hanoi
Companies

Hyundai Motor offers personalized mobility lifestyle for Japanese motorists

Hyundai Motor CEO Chang Jae-hoon, right, and Culture Convenience Club CEO Takahashi Yasunori pose alongside the IONIQ 5 during an event to mark their partnership at Tokyo Daikanyama T-SITE, Thursday. Courtesy of Hyundai Motor GroupBy Kim Hyun-binHyundai Motor signed a memorandum of understanding (MOU) with lifestyle content company Culture Convenience Club (CCC) in Tokyo, aiming to facilitate collaborative exploration of zero-emission vehicle (ZEV) lifestyle services and more effectively target motorists in the world's third-largest economy, the company said Thursday.CCC, known for its philosophy of being a "bookstore that sells lifestyle," operates content businesses using online and offline platforms, including Tsutaya stores.The partnership intends to present new lifestyles and customer experiences suitable for the sustainable mobility era, in line with current demands for economic, social and community sustainability.Starting Friday, Hyundai Motor will launch its MOCEAN vehicle-sharing service in Tokyo at T-SITE, operated by CCC. T-SITE is a lifestyle-oriented commercial facility

Jun 22, 2023By Kim Hyun-bin
Hyundai Motor offers personalized mobility lifestyle for Japanese motorists
Companies

Korean biz leaders meet Macron

French President Emmanuel Macron, center, poses with Samsung Electronics Executive Chairman Lee Jae-yong, fourth from left, and other heads of major business groups after a meeting at the Elysee Palace in Paris, Wednesday, (local time). From left are Hanwha Group Vice Chairman Kim Dong-kwan, Hyundai Motor Group Executive Chair Chung Euisun, LG Group Chairman Koo Kwang-mo, Lee, Macron, SK Group Chairman Chey Tae-won, Poongsan Group Chairman Ryu Jin, Hyosung Group Vice Chairman Cho Hyun-sang and Hanjin Group Chairman Cho Won-tae. Courtesy of Korea Chamber of Commerce and Industry

Jun 22, 2023By Kim Hyun-bin
Korean biz leaders meet Macron
Companies

Samsung's top executives gather for 2nd-half business strategic planning

Samsung Electronics headquarters in Seoul / Korea Times fileBy Kim Hyun-binSamsung Electronics is conducting a global strategy meeting to address the current challenging business environment and come up with turnaround measures amid a deepening global economic downturn, according to company officials Tuesday.Samsung Electronics Vice Chairman Han Jong-hee, head of the Device Experience (DX) division, commenced the meeting at the company's plant in Suwon, Gyeonggi Province, with the Mobile Experience (MX) business unit on the same day. The Visual Display (VD) and Home Appliances business units will follow on Wednesday, and other departments will join on Thursday. The Device Solutions (DS) division, under the leadership of CEO Kyung Kye-hyun, held its meeting on the same day at the plant in Hwaseong, Gyeonggi Province.Samsung Electronics' global strategy meetings take place twice a year, in June and December, gathering top executives and overseas branch managers to discuss the current issues of each business division and region. The discussions include sales strategies and other relevan

Jun 20, 2023By Kim Hyun-bin
Samsung's top executives gather for 2nd-half business strategic planning
Companies

Hyundai Motor seeks to sell 2 million EVs annually from 2030

Hyundai Motor CEO Chang Jae-hoon speaks during the company's CEO Investor Day in Seoul, Tuesday. Courtesy of Hyundai Motor GroupCarmaker holds CEO Investor Day, unveils medium- to long-term strategiesBy Kim Hyun-binHyundai Motor hosted the 2023 CEO Investor Day unveiling visionary medium- to long-term business strategies and financial plans and aiming to reach 2 million in annual electric vehicle (EV) sales by 2030, according to company officials, Tuesday.The company announced that it will achieve a successful transition to electrification by efficiently leveraging its vehicle production and sales experience. The company has decided to initiate its “Hyundai Motor Way” strategy by securing 109.4 trillion won ($85.3 billion) of investments for the next decade, including 35.8 trillion won for electrification. The company aims to sell 2 million EV vehicles by 2030 and is focusing on future businesses, such as autonomous driving, hydrogen, robotics and advanced air mobility (AAM)."The value of cultivating human-centered innovation by further developing technology inherited fro

Jun 20, 2023By Kim Hyun-bin
Hyundai Motor seeks to sell 2 million EVs annually from 2030
Companies

Mercedes-Benz donates 20 EQBs to social welfare organizations

From left in front row, Mercedes-Benz CSR Committee Chairman Thomas Klein, Hill of Love Chairman Lee Sung-joon and Future for Youth Foundation Chairman Lee Hoon-kyu pose during the Mercedes-Benz?CSR Committee event to donate 20 EQB all-electric family SUVs to social welfare organizations nationwide at AMG Speedway in Yongin, Gyeonggi Province, Monday. Courtesy of Mercedes-Benz Korea

Jun 20, 2023By Kim Hyun-bin
Mercedes-Benz donates 20 EQBs to social welfare organizations
Companies

Hyundai Motor opens certification center for EV charging devices and services

Kim Heung-soo, head of Hyundai Motor's Global Strategy Office, front row fifth from left, poses with government and company officials during an opening ceremony for an EV charging device & service quality verification (E-CQV) center in Gunpo, Gyeonggi Province, Monday. Courtesy of Hyundai Motor GroupBy Kim Hyun-binHyundai Motor Group has partnered with Korea Testing Certification (KTC), an internationally recognized evaluation agency, to open a center that assesses the quality of charging devices and services for electric vehicles (EVs), the automotive conglomerate said, Monday.Hyundai Motor Group held an opening ceremony that day for the EV charging device & service quality verification (E-CQV) center at the KTC's headquarters in Gunpo, Gyeonggi Province. Hyundai Motor Group and KTC collaborated to establish the center seeking to improve the quality of charging stations and contributing to the growth of the ecosystem for domestic charging station manufacturers. The plan is to implement the EV charging quality certification system by the end of the year.The E-CQV center consi

Jun 19, 2023By Kim Hyun-bin
Hyundai Motor opens certification center for EV charging devices and services
Companies

Hyundai Motor's Expo videos surpass 100 million views

The main screen of Hyundai Motor Group's first series of Busan World Expo promotional videos, "Busan Citizens Invite You All," features Busan residents introducing the southern port city's diverse attractions. Courtesy of Hyundai Motor GroupBy Kim Hyun-binHyundai Motor Group's promotional videos, created with the citizens of Busan and foreign residents in Korea to promote Busan's Expo bid, have surpassed 100 million global views, according to the company, Monday.To showcase Busan's unique competitiveness as a candidate city to host the World Expo 2030, Hyundai Motor Group produced a total of 37 promotional videos. These videos achieved a combined view count of 100 million on May 18, three months after the first was released.Hyundai Motor Group expects the global interest in the Busan World Expo promotional videos to contribute to a positive reception for Busan's Expo bid during the 172nd General Assembly of the Bureau International des Expositions (BIE) held in Paris on June 20 and 21 (local time).The 172nd General Assembly is anticipated to be pivotal in the pre-selection process fo

Jun 19, 2023By Kim Hyun-bin
Hyundai Motor's Expo videos surpass 100 million views
Companies

Hector Villarreal to head GM Korea

Hector Villarreal, newly appointed CEO of GM Korea / Courtesy of GM KoreaBy Kim Hyun-binGeneral Motors (GM) has appointed a marketing expert from its Mexican operations to head GM Korea. Hector Villarreal, who currently serves as the vice president in charge of vehicle sales, service and marketing at GM Mexico, will assume the role on Aug. 1, replacing Roberto Rempel who will retire after 40 years with the U.S. carmaker, according to the company."Hector has a proven track record in driving commercial growth and developing a multi-brand strategy in GM Mexico, along with extensive leadership experience globally. This will be valuable as we expand our export business and increase our domestic market share in Korea," said Shilpan Amin, GM's senior vice president and president of GM International.Hector previously served as the vice president of planning and program management of GM Korea for several years, starting in 2012. Villarreal joined GM Mexico in 1990 as a manufacturing project engineer at the Ramos Arizpe Plant. Over the years, he has held various positions, including as preside

Jun 19, 2023By Kim Hyun-bin
Hector Villarreal to head GM Korea
Companies

SK chief calls to strengthen crisis management, seek opportunities

SK Group Chairman Chey Tae-won speaks at the 2023 Expanded Management Conference held at Grand Walkerhill Seoul, Thursday. Courtesy of SK Group By Kim Hyun-binSK Group Chairman Chey Tae-won stressed the need for enhanced responses to various management uncertainties and opportunities, including the power struggle between the U.S. and China and the global economic slowdown, according to the company, Friday."We are currently living in a global transition period where it is difficult to survive with past management methods alone," Chey stated in his keynote speech at the 2023 Expanded Management Conference held at Grand Walkerhill Seoul, Thursday. "To respond to the competition between the U.S. and China, economic downturns and unexpected crises as well as opportunities, we need to enhance our different scenario management."SK Group aims to respond immediately to various situations by enhancing the overall system and employee capabilities within the organization."Based

Jun 16, 2023By Kim Hyun-bin
SK chief calls to strengthen crisis management, seek opportunities
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