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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

Airlines fiercely compete to acquire additional aircraft

Asiana Airlines A350-900 / Courtesy of Asiana AirlinesBy Kim Hyun-binAirlines are embroiled in fierce competition to acquire more aircraft as the pandemic subsides and international passenger demand surges. The global increase in passengers has resulted in a shortage of aircraft available for lease, with manufacturers steeply raising lease rates. Therefore, concerns are rising for airlines over the significant cost burden associated with introducing new aircraft.According to sources in the aviation industry, domestic airlines in Korea are expected to introduce a total of 13 additional new passenger aircraft this year ― Asiana Airlines and Jeju Air with four aircraft each, followed by Korean Air and Jin Air with two aircraft. T'way Air plans to add one more aircraft to its fleet. The aviation industry is responding to the recent rapid increase in international passenger demand, which declined during the COVID-19 pandemic, by actively pursuing the acquisition of new aircraft. In April, the number of passengers on the Incheon-Narita (Tokyo) route increased by over 40,000 from April 2019

Jun 2, 2023By Kim Hyun-bin
Airlines fiercely compete to acquire additional aircraft
Companies

Hyundai Motor opens 1st overseas hydrogen fuel cell plant in China

Hyundai Motor CEO Chang Jae-hoon, fifth from right, poses with Lin Keqing, chairman of Guangdong Provincial Political Consultative Conference and Secretary of the Guangzhou Municipal Committee, sixth from right, along with other government and company officials during the 'HTWO Guangzhou' completion ceremony in Huangpu District, Guangzhou City, Guangdong Province, China, Thursday. Courtesy of Hyundai Motor GroupBy Kim Hyun-binHyundai Motor Group (HMG) completed the construction of its first overseas hydrogen fuel cell production base in Guangzhou, China, with the aim of capturing the Chinese hydrogen market, according to the company, Thursday. HTWO Guangzhou covers an area of 200,000 square meters and includes a stack factory, activation factory, research center, and office building and innovation center, with a total area of 82,000 square meters. The facility has an annual production capacity of 6,500 hydrogen fuel cell systems. HTWO is Hyundai Motor Group's hydrogen fuel cell system brand, launched in 2020. HMG plans to utilize hydrogen fuel cell systems as power sources in various

Jun 1, 2023By Kim Hyun-bin
Hyundai Motor opens 1st overseas hydrogen fuel cell plant in China
Companies

Ferrari holds 1st Asia region exhibition in Korea

Ferrari Roma Spider displayed at Dongdaemun Design Plaza (DDP) in Seoul, Thursday. Courtesy of FerrariBy Kim Hyun-binFerrari has launched an exhibition showcasing key models including the newly released Ferrari Roma Spider during its Universo Ferrari event. The exhibition is being held for the first time in Asia at Dongdaemun Design Plaza (DDP) in Seoul and is scheduled to run for four days starting Thursday and ending June 4. Universo Ferrari is the third such event to be held globally, following Italy and Australia, and is now opening for the first time in Asia. “Korea is a very important market for Ferrari, and holding this special exhibition in Seoul is our way of thanking all our owners and fans for their passion and support. With Universo Ferrari, we wanted to give visitors a chance to see close up what being a part of the Ferrari family means,” said Ferrari CMO Enrico Galliera said. Universo Ferrari is carefully curated to highlight all aspects of the company's extensive activities, from classic car services to Formula One racing, from the exclusive experiences org

Jun 1, 2023By Kim Hyun-bin
Ferrari holds 1st Asia region exhibition in Korea
Companies

Pandas at Everland become tourist magnet

Baby panda Fubao eats bamboo leaves at Everland Panda World. Courtesy of Samsung C&TBy Kim Hyun-binThere has been a sharp rise in interest in pandas in the country recently with thousands of people visiting Everland, the country's largest theme park, to get a glimpse of its baby panda Fubao and purchase panda-related accessories, according to Samsung C&T, Thursday.The number of visitors to Everland Panda World, where the baby panda Fubao and her parents Aibao and Lebao live, has been increasing. The average number of visitors on the last day of May was about 7,000, an increase of about 20 percent compared to the first week of May, which included Labor Day and Children's Day holidays."Panda-related stories have spread through the media both domestically and internationally, and as it became known that the baby panda Fubao will have to return to China to find a mate in about a year, there has been a continuous influx of visitors who want to see the panda family," an Everland official said.On May 24, on a TV program Kang Cheol-won, a zookeeper at Everland who is famous as Fubao'

Jun 1, 2023By Kim Hyun-bin
Pandas at Everland become tourist magnet
Companies

POSCO International kicks off LNG terminal expansion in Dangjin

POSCO International Vice Chairman Jeong Tak, second from right, poses with South Chungcheong Province Governor Kim Tae-heum, center, and other government and company officials during the Dangjin LNG Terminal Local Government Agreement Ceremony at the South Chungcheong Provincial Office in Hongseong County, Wednesday. Courtesy of POSCO InternationalBy Kim Hyun-binPOSCO International is moving forward with its liquefied natural gas (LNG) terminal expansion project in Dangjin, South Chungcheong Province, the company said Wednesday.POSCO International and LX International have committed to successfully completing the construction of two storage tanks and auxiliary facilities at the Dangjin LNG Terminal covering an area of about 20 hectares. The completion of the terminal will enable POSCO International to secure infrastructure for midstream LNG storage, which is part of the LNG value chain.The planned construction includes two LNG storage tanks with a total capacity of 270,000 kiloliters, two vaporizers capable of processing 200 tons per hour, LPG regasification facilities and a dock for

May 31, 2023By Kim Hyun-bin
POSCO International kicks off LNG terminal expansion in Dangjin
Companies

SK Networks' Hico Capital inks partnership with US Bow Capital to expand global investment

SK Networks President & COO Choi Sung-hwan, right, poses with Bow Capital Chairman Vivek Ranadive during a partnership event held at Sand Hill Hotel in Rosewood, Silicon Valley, Tuesday (local time). Courtesy of SK NetworksBy Kim Hyun-binSK Networks' U.S. investment firm Hico Capital plans to pursue a global partnership with Bow Capital to expand global investments, according to SK Networks, Wednesday. The company held a partnership event at the Rosewood Sand Hill Hotel in Silicon Valley, California, Tuesday (local time), to promote the partnership with Bow Capital. In attendance were Bow Capital Chairman Vivek Ranadive and Choi Sung-hwan, president & COO of SK Networks' business division.The two companies aim to provide differentiated added value, including investments in early-stage tech startups, by combining their investment experience, networks and systems. Choi will serve as an adviser, supporting investment sourcing and review.Bow Capital, a global venture investment firm based in Silicon Valley, was founded by Ranadive, who also serves as CEO and owner of the NBA team

May 31, 2023By Kim Hyun-bin
SK Networks' Hico Capital inks partnership with US Bow Capital to expand global investment
Companies

Samsung Sharing Kiosk raises $174,000 to help children in need

Samsung Electronics' employees participate in a donation drive via the Sharing Kiosk at the company headquarters in Suwon, Gyeonggi Province, Wednesday. In May, the company installed a total of 35 Sharing Kiosks throughout its worksites, along with the Online Sharing Kiosk campaign. Through the initiatives, a total of 230 million won ($174,176) was raised and will be given to children in need. Courtesy of Samsung Electronics

May 31, 2023By Kim Hyun-bin
Samsung Sharing Kiosk raises $174,000 to help children in need
Companies

Former presidential protocol secretary to head Hyundai Motor's gov't affairs

Former Presidential Protocol Secretary Kim Il-bum / Korea Times fileBy Kim Hyun-binHyundai Motor Group has decided to hire Kim Il-bum, former presidential protocol secretary, as the head of its division handling government-related affairs, according to company officials, Tuesday. The company said it is in the process of recruiting Kim to strengthen its global external policy capabilities and support its activities related to the nationwide campaign to host World Expo 2030 in Busan.Kim is expected to assume the role of Hyundai Motor Group's vice president as early as July, after the completion of the ethics examination for retired public officials. Hyundai Motor Group clarified that the specific timing and position have yet to be finalized.Kim Il-bum, a graduate of Yonsei University's Department of Political Science and Diplomacy, previously worked as a diplomat and served as an English interpreter for former Presidents Kim Dae-jung, Roh Moo-hyun and Lee Myung-bak. He gained recognition as the head of the North America 2 Division at the Ministry of Foreign Affairs in 2019. Kim later j

May 30, 2023By Kim Hyun-bin
Former presidential protocol secretary to head Hyundai Motor's gov't affairs
Companies

Hyundai Steel receives EPD certification for low-carbon H-beam products

Hyundai Steel CEO An Tong-il announces the steelmaker's roadmap for carbon neutrality in a video released on April 27. Courtesy of Hyundai SteelBy Kim Hyun-binHyundai Steel has received an environmental product declaration (EPD) certification from the Ministry of Environment, becoming the first company in the domestic steel industry to get the certification for its low-carbon H-beam. This certification adds to Hyundai Steel's existing portfolio of 13 EPD-certified products. The EPD certification is given to products that demonstrate lower carbon emissions than similar products. Hyundai Steel's H-beams are produced using electric furnace methods, utilizing recycled iron scrap. The EPD verifies that the products produced through blast furnace processes are eco-friendly compared to similar products. This recognition highlights Hyundai Steel's contribution to a low-carbon society."Through this EPD certification, we showcase our specific electric furnace technology and capabilities. Moving forward, we will lead in ESG management by making differentiated efforts to reduce carbon emissions

May 28, 2023By Kim Hyun-bin
Hyundai Steel receives EPD certification for low-carbon H-beam products
Companies

POSCO named sustainability champion for 2nd consecutive year

POSCO Group Chairman Choi Jeong-woo, left, poses with Edwin Basson, director general of the World Steel Association, after receiving a plaque recognizing it as a Steel Sustainability Champion in Vienna, Austria, April 18 (local time). Courtesy of POSCO GroupBy Kim Hyun-binPOSCO, the country's leading steel company, has been recognized as a Steel Sustainability Champion at the World Steel Association's semi-annual member meeting held in Vienna, Austria, on April 18 (local time). This marks the second consecutive year that POSCO has been recognized as a Steel Sustainability Champion. The World Steel Association selects Steel Sustainability Champions annually from its pool of 140 member companies, honoring those leading the steel industry in carbon neutrality and environmental, social and corporate governance (ESG) principles since 2018. To qualify as a Steel Sustainability Champion, companies must meet four criteria: recognition as an outstanding sustainability member, nomination as a finalist for the Steelie Awards, publication of a sustainability report and submission of sustainabili

May 28, 2023By Kim Hyun-bin
POSCO named sustainability champion for 2nd consecutive year
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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.