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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

Rolls-Royce unveils first EV 'Spectre' in Korea

Irene Nikkein, Asia-Pacific regional general manager of Rolls-Royce Motor Cars, poses next to its first-ever all-electric model, the Spectre, during the unveiling ceremony in Seoul, Friday. Courtesy of Rolls-Royce Motor CarsBy Kim Hyun-binRolls-Royce Motor Cars introduced its first-ever all-electric model, the Spectre, in the Asia-Pacific region, at a press event in Seoul, Friday. "I am pleased to introduce the Spectre, the most highly anticipated model in Rolls-Royce history, for the first time in Korea and the Asia-Pacific region,” Irene Nikkein, the Asia-Pacific regional general manager of Rolls-Royce Motor Cars said. “The Spectre embodies the bold electrified future presented by Rolls-Royce, combining the essence of true engineering with modern design and representing the effortless super-luxury experience that is natural to the brand."The electric drive system incorporated in the Spectre provides explosive acceleration, power, and immediate torque, according to the luxury automaker. Its driving range is approximately 520km based on WLTP standards, and the powertrain

Jun 16, 2023By Kim Hyun-bin
Rolls-Royce unveils first EV 'Spectre' in Korea
Companies

Samsung Electronics most-sought-after workplace for graduates

By Kim Hyun-binSamsung Electronics topped the list of the most desirable companies that college students want to work for, according to a survey conducted by Incruit, Wednesday. The survey of 872 college students nationwide who are currently looking for jobs revealed that 8.1 percent of respondents chose Samsung Electronics as their preferred employer.This marks the first time in a decade that Samsung Electronics has secured the top spot. Incruit has been conducting this survey since 2004, and Samsung Electronics held the top position for five consecutive years from 2009 to 2014 before sliding down the ranks.The primary reason cited for choosing Samsung Electronics was its salary and compensation systems, as selected by 56.3 percent of those who preferred the company. Notably, Samsung Electronics increased its starting salary for college graduates to 53 million won ($41,400) last year and introduced a once-a-month four-day workweek recently.Coming in at second place with 7.5 percent of the votes was Kakao, which had been the top choice for three consecutive years but experienced a sl

Jun 14, 2023By Kim Hyun-bin
Samsung Electronics most-sought-after workplace for graduates
Companies

POSCO Int'l holds investor relations sessions in Singapore, Hong Kong

POSCO Group Chairman Choi Jeong-woo, fourth from left, poses with POSCO International CEO Jeong Tak, fifth from left, during the POSCO International Integrated vision ceremony “Green Energy & Global Business Pioneer” in Songdo, Incheon, April 13. Courtesy of POSCO InternationalBy Kim Hyun-binPOSCO International is holding a non-deal roadshow (NDR) for foreign investors, marking the first event of its kind since the COVID-19 pandemic, the company said Wednesday. The first event was held in Singapore and Hong Kong, Tuesday, and several more will be organized through Friday in the two cities.The company aims to showcase its competitiveness and future growth potential to foreign investors, following its integration with POSCO Energy. The company organized the NDR to increase the proportion of long-term foreign investments and enhance shareholder value.A total of 12 investment firms, including a major overseas investment firm managing assets worth $150 billion, participated in the NDR, conducting one-on-one meetings. Topics of high interest included the integration synergy

Jun 14, 2023By Kim Hyun-bin
POSCO Int'l holds investor relations sessions in Singapore, Hong Kong
Companies

POSCO breaks ground for lithium hydroxide plant in South Jeolla Province

POSCO Group Chairman Choi Jeong-woo, sixth from left, poses with Rep. Ahn Cheol-soo, a lawmaker of the People Power Party, fifth from left, and other government and company officials during the groundbreaking ceremony for the steelmaker's lithium hydroxide plant in Yeosu, South Jeolla Province, Tuesday. Courtesy of POSCO Holdings By Kim Hyun-binPOSCO Holdings is constructing Korea's first lithium hydroxide plant to increase the lithium supply for secondary batteries, the company said Tuesday, adding that it will produce enough lithium for approximately 600,000 electric vehicles (EV) annually.The groundbreaking ceremony took place at the Yulchon Industrial Complex in South Jeolla Province, Tuesday. Attendees included Rep. Ahn Cheol-soo, a lawmaker and former presidential contender, LG Energy Solution President Kim Myung-hwan and POSCO Group Chairman Choi Jeong-woo."We will enhance the global competitiveness of lithium and other key resources, lead domestic material l

Jun 13, 2023By Kim Hyun-bin
POSCO breaks ground for lithium hydroxide plant in South Jeolla Province
Companies

Lotte chief meets envoys from 30 countries to promote Busan's Expo bid

Egyptian Ambassador to Korea Khaled Abdelrahman, left, and Lotte Group Chairman Shin Dong-bin, shake hands at Asia Society Korea's 15th Anniversary Commemorative Dinner at Signiel Busan, Monday. Courtesy of Lotte GroupBy Kim Hyun-binLotte Group Chairman Shin Dong-bin hosted the 15th-anniversary event of the establishment of Asia Society Korea, inviting 30 ambassadors to Busan to promote Busan's 2030 Expo bid, according to the company, Tuesday.The 15th-anniversary event of Asia Society Korea was held for two days through Tuesday. Ambassadors from 30 countries visited Busan Port, a candidate site for the 2030 World Expo in Busan along with other government and company officials including Busan Mayor Park Heong-joon and Korea Chamber of Commerce and Industry Vice Chairman Woo Tae-hee.Asia Society Korea, a private diplomatic organization, was established by Chairman Shin. Since its official launch in April 2008, Shin has served as its chairman, working to enhance understanding of Asia and expand cultural and diplomatic exchanges based on close cooperation with foreign embassies.Asia Soci

Jun 13, 2023By Kim Hyun-bin
Lotte chief meets envoys from 30 countries to promote Busan's Expo bid
Companies

Hyundai Motor Group to reshore $5.9 billion for domestic EV plants

President Yoon Suk Yeol, center, shakes hands with Hyundai Motor Group Executive Chair Chung Euisun at the groundbreaking ceremony for Kia's electric vehicle plant at Kia Autoland in Hwaseong, Gyeonggi Province, April 11. Korea Times photo by Seo Jae-hoonBy Kim Hyun-binHyundai Motor Group plans to draw $5.9 billion in reserve funds from its overseas subsidiaries to invest in the conversion of production facilities for electric vehicles (EVs) in Korea, according to company officials Monday. Known as “capital reshoring," the move involves converting overseas income previously intended for foreign investment into domestic investment.Korea's third-largest business group said the dividends it received from its overseas subsidiaries increased 4.6 times compared to the previous year, reaching $5.9 billion this year. About 79 percent will be remitted to its Seoul headquarters this month, while the remaining 21 percent will be brought into the country in the second half of the year. The specific amounts for each subsidiary are: Hyundai Motor Company $2.1 billion, Kia $3.3 billion and Hy

Jun 12, 2023By Kim Hyun-bin
Hyundai Motor Group to reshore $5.9 billion for domestic EV plants
Companies

Samsung, SK, LG team up with Hyundai Motor to create EV alliance

Hyundai Motor's IONIQ 6 / Courtesy of Hyundai Motor GroupBy Kim Hyun-binThe Samsung, SK and LG business conglomerates are teaming up with Hyundai Motor Group to create an electric vehicle (EV) alliance, according to industry officials, Monday. The alliance envisions Samsung's autonomous-driving semiconductors and SK's batteries being installed in EVs made by Hyundai and Kia, while LG's organic light-emitting diode (OLED) instrument panels guide drivers.Hyundai Motor Group, which has emerged as a global EV powerhouse, is establishing close collaborative relationships with Samsung, SK, LG, and other companies in preparation for the era of future vehicles, including electric and autonomous cars.“Synergy effects are expected to occur through collaborations among domestic companies which are anticipated to have a significant impact on the development of the domestic industry,” an industry official familiar with the matter said.The formation of the alliance centered on the automotive group has been attributed to substantial investments by Samsung, SK, and LG to enhance their co

Jun 12, 2023By Kim Hyun-bin
Samsung, SK, LG team up with Hyundai Motor to create EV alliance
Companies

LS Electric breaks ground for 1st ESS project in UK worth $93 million

LS Electric President Kim Jong-woo, fourth from left, poses with other project officials during a groundbreaking ceremony at the ESS construction site in the U.K. village of Botley, Friday (local time). Courtesy of LS ElectricBy Kim Hyun-binLS Electric has broken ground on an energy storage system (ESS) project in the U.K., which will establish a foothold for the company's expansion into the European renewable energy market, the company said, Sunday.LS Electric announced that a groundbreaking ceremony was held at the ESS construction site in the village of Botley in Hampshire, Friday (local time), with more than 50 participants including LS Electric President Kim Jong-woo in attendance.In April, LS Electric secured a contract for the Botley ESS project, with a total project cost of 73.56 million pounds ($92.5 million). This is LS Electric's largest overseas ESS project to date, and completion is scheduled for next June.The project involves the construction of a 50-megawatt power conversion system (PCS) and a 114-megawatt-hour battery ESS. The system will supply the electricity genera

Jun 11, 2023By Kim Hyun-bin
LS Electric breaks ground for 1st ESS project in UK worth $93 million
Companies

Samsung Electronics to adopt own AI amid ChatGPT security concerns

Samsung Electronics semiconductor plant in Hwaseong, Gyeonggi Province / Courtesy of Samsung ElectronicsBy Kim Hyun-binSamsung Electronics plans to introduce a customized artificial intelligence (AI) service for knowledge search, translation and summarization this year as concerns over the possible leakage of key technological information enabled by ChatGPT are rising.The Device Solutions (DS) division, which oversees Samsung Electronics' semiconductor business, plans to introduce its own large language model (LLM) that it assesses to be at a level higher than GPT-3.5 this year."Depending on how we utilize generative AI, we can bring about tremendous innovation in our work,” Samsung Electronics' DS division head Kyung Kye-hyun said in a recent lecture for employees. “We are currently pursuing the adoption of customized AI through domestic specialized companies.”Samsung Electronics DS division plans to open its basic services in December and launch professional search services incorporating company knowledge in February of next year.Through this, the company plans to

Jun 11, 2023By Kim Hyun-bin
Samsung Electronics to adopt own AI amid ChatGPT security concerns
Companies

BMW Korea introduces new extended automobile warranty program

A BMW vehicle roams through Seoul. / Courtesy of BMW KoreaBy Kim Hyun-binBMW Korea introduced a new warranty extension program that takes into account various driving scenarios, which the German automaker said, Thursday, provides enhanced benefits to domestic customers.The BMW?MINI Warranty Plus Premium lets vehicles be covered by a warranty period of five years or 300,000 kilometers, the highest mileage coverage in the industry. The program also includes a premium mobility program that encompasses pick-up and delivery services, emergency roadside assistance and accident towing services.In the event of accident or other unforeseen damage, benefits such as vehicle exchange and body care programs are provided free of charge. The vehicle exchange program allows for the replacement of the damaged vehicle with a new one of the same model, regardless of mileage, in case of an accident caused by a third party within two years of the warranty period. If the customer is at fault and the repair cost exceeds 30 percent of the recommended consumer price of the vehicle, they can exchange it for a

Jun 8, 2023By Kim Hyun-bin
BMW Korea introduces new extended automobile warranty program
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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.