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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, Japanese businesses to form study group for cooperation in energy, batteries, chips

KCCI Vice Chairman Woo Tae-hee, fifth from left, poses with Mitsui Korea CEO Kazuhiro Iguchi, sixth from left, and other Korean and Japanese businessmen after a meeting at the KCCI building in Seoul, Thursday. Courtesy of KCCIBy Kim Hyun-binKorean and Japanese businessmen have established a study group to find new areas of economic cooperation in areas including energy, batteries and semiconductors, according to the Korea Chamber of Commerce and Industry (KCCI), Thursday.The KCCI and the Seoul Japan Club (SJC) held a meeting at the KCCI building in Seoul. "Through the Korea-Japan Economic Cooperation Study Meeting, we decided to figure out the areas of cooperation between the two economic circles and create the best operation method,” the KCCI said.Attending from the KCCI's side were Vice Chairman Woo Tae-hee and executives from four major conglomerates ― Samsung Electronics, SK Supex, Hyundai Motor and LG.The Seoul Japan Club was represented by Mitsui Corp. Korea CEO Kazuhiro Iguchi and Toshinobu Sato, a senior executive vice president of Mitsubishi Corp. Korea, among others.&

Apr 20, 2023By Kim Hyun-bin
Korean, Japanese businesses to form study group for cooperation in energy, batteries, chips
Companies

TEST DRIVE Porsche Boxster GTS 4.0 packs sportiness, luxury in one

Porsche 718 Boxster GTS 4.0 convertible in Jeju Island / Courtesy of Porsche KoreaBy Kim Hyun-binJeju ― Porsche is known for its commitment to engineering excellence, with a focus on creating cars that offer exceptional performance, handling and driving dynamics. To best experience the brand's sportiness and luxury all at once, the 718 Boxster GTS 4.0 convertible is the way to go.Porsche Korea invited a dozen journalists ahead of the 75th anniversary of its founding of the company to test drive its entire range of models on Jeju Island, Tuesday.The Porsche 718 Boxster GTS 4.0 is 4,390 mm long and has a width and height of 1,800 mm and 1,275 mm respectively. The two-seater has a compact build but once inside there is plenty of leg and headroom to be seated comfortably.Once igniting the engine the driver is welcomed by a strong roar, hinting at the power it will bring to the journey ahead, even with a slight push on the gas, it immediately enters “beast” mode.Inside the 718 Boxster GTS 4.0 convertible / Korea Times photo by Kim Hyun-binWhen accelerating, the engine responds

Apr 20, 2023By Kim Hyun-bin
[TEST DRIVE] Porsche Boxster GTS 4.0 packs sportiness, luxury in one
Companies

Samsung, LG unveil videos dedicated to Korean War veterans at Times Square

A jumbo screen displays gratitude for Korean War veterans in Times Square, New York, Thursday. Courtesy of LG Group By Kim Hyun-binSamsung Electronics and LG have released videos commemorating the 70th anniversary of the Korea-U.S. alliance, expressing respect and gratitude to the Korean War veterans at Times Square in New York, company officials said Thursday.Ten Korean War veterans are introduced in the 30-second video produced by the Ministry of Patriots and Veterans Affairs, accompanied by messages of gratitude. The video will be screened for two weeks starting Thursday.The 10 heroes selected included General Douglas MacArthur, who successfully led the Incheon Landing Operation, and General James Van Fleet, who lost his son Captain James Van Fleet Jr. in battle, as father and son participated in the war together.The dedication video contains the message, "The freedom, prosperity and peace we enjoy today are thanks to the sacrifices of veterans from far away. We

Apr 20, 2023By Kim Hyun-bin
Samsung, LG unveil videos dedicated to Korean War veterans at Times Square
  • Remembering Korean War heroes in NYC
Companies

POSCO aims to build energy value chain in Gwangyang

Prime Minister Han Duck-soo, center, poses with POSCO employees at the company's Gwangyang plant in South Jeolla Province, Wednesday. YonhapBy Kim Hyun-binSteelmaker POSCO plans to construct cutting-edge industrial facilities at a site adjacent to its existing blast furnace in Gwangyang, South Jeolla Province, aiming to create an energy value chain.The site is expected to play an important role in POSCO Group securing a competitive edge as an eco-friendly manufacturer of cutting-edge materials. POSCO Group is considering investing about 4.4 trillion won ($3.3 billion) to develop the site over the next 10 years. Prime Minister Han Duck-soo visited the Gwangyang Works blast furnace and the Donghoan site, Wednesday, where ground will be broken for the new projects. The steelmaker is utilizing land located east of Gwangyang Works to build its fifth coke plant, a raw material yard and an LNG terminal.POSCO International started construction of its second LNG terminal in Gwangyang in January, which is expected to strengthen the energy value chain of the domestic industry, contributing to K

Apr 19, 2023By Kim Hyun-bin
POSCO aims to build energy value chain in Gwangyang
Companies

Genesis BBQ chief honored by New Jersey State

Genesis BBQ Group Chairman Yoon Hong-geun, right, poses with New Jersey Sen. Gordon Johnson after receiving the certificate of merit, in Seoul, Wednesday. Courtesy of Genesis BBQBy Kim Hyun-binGenesis BBQ Group Chairman Yoon Hong-geun received a certificate of merit from the U.S. state of New Jersey. According to Genesis BBQ, Chairman Yoon received the certificate awarded by the state legislature in recognition of his contributions to the state's economic development and job creation from New Jersey Senator Gordon Johnson, who recently visited Korea.As of the end of last month, BBQ is operating a total of 14 stores in New Jersey, including Westwood and Edison stores. New Jersey is where Samsung Electronics and Hyundai Motor as well as BBQ's global headquarters in the U.S. are located.“By 2030, we will develop BBQ as a representative brand of K-food with the goal of opening 50,000 stores around the world,” said Chairman Yoon.Last August, Colorado Governor Gerard Polis said BBQ's opening of stores throughout the state is revitalizing the local economy and suggested it shoul

Apr 17, 2023By Kim Hyun-bin
Genesis BBQ chief honored by New Jersey State
Companies

TEST DRIVE Audi's new RS e-tron GT packs sports performance in EV

Audi's RS e-tron GT is parked at the Inje Speedium circuit in Gangwon Province on April 13. Korea Times photo by Kim Hyun-binBy Kim Hyun-binDriving a high-performance automobile around a racing circuit is on the bucket list of every car fanatic and being able to drive an electric vehicle (EV) that fits the bill is a story of its own. Audi Korea gave an opportunity to a handful of journalists to test drive its RS e-tron GT during the Audi e-xperience Day, held at the Inje Speedium circuit in Gangwon Province on April 13.“Inje Speedium circuit is one of the three major circuits in the country, but it is also the most difficult track with a lot of uphill and downhill and curvy roads,” an Audi instructor said. “Here you can experience the full capabilities of the RS e-tron GT.”Driving the RS e-tron GT was a delight, getting a glimpse of Audi's EV capabilities and future potential in the fast-evolving global EV market.Inside of the Audi e-tron GT is seen in this photo taken at the Inje Speedium circuit in Gangwon Province on April 13. Korea Times photo by Kim Hyun-

Apr 16, 2023By Kim Hyun-bin
[TEST DRIVE] Audi's new RS e-tron GT packs sports performance in EV
Companies

Foreign carmakers accused of sending 'excessive' dividends to headquarters

By Kim Hyun-binThe Korean offices of foreign car manufacturers are found to have sent their entire net profits and sometimes even more as dividends to their overseas head offices last year, instead of investing in facilities and hiring more personnel in the country, government data showed Tuesday.There are no legal issues with the transfer of dividends to their headquarters, although excessive dividend payouts can lead to deterioration of the financial soundness of domestic branches as they significantly reduce investment capabilities in Korea.According to the Electronic Disclosure System of the Financial Supervisory Service (FSS), Mercedes-Benz Korea, which ranked first in domestic imported car sales last year, paid 177.8 billion won ($134.2 million) in dividends to shareholders last year. This amount was divided between Star Auto Holdings, a dealership affiliated with Hong Kong-based Lei Shing Hong with a 49 percent stake, and Mercedes-Benz AG at the company's headquarters in Germany, which holds the remaining 51 percent.The dividend payout ratio is the ratio of total dividends pai

Apr 12, 2023By Kim Hyun-bin
Foreign carmakers accused of sending 'excessive' dividends to headquarters
Companies

Korea, Portugal to strengthen cooperation in EVs, chips, renewable energy

Korea Chamber of Commerce and Industry (KCCI) Chairman Chey Tae-won, front row third from left, claps with Portuguese Prime Minister Antonio Costa, front row fourth from left, Minister of Trade, Industry and Energy Lee Chang-yang, front row second from left, and other Korean and Portuguese business and government officials during the Korea-Portugal Business Forum held at Four Seasons Hotel in Seoul, Wednesday. Courtesy of KCCIBy Kim Hyun-binKey political and business figures from Korea and Portugal agreed to cooperate in future core industries such as renewable energy, electric vehicles (EVs), and semiconductors. The Korea Chamber of Commerce and Industry (KCCI) jointly held the Korea-Portugal Business Forum with the Portuguese Embassy in Korea and AICEP Portugal Global at the Four Seasons Hotel in, Seoul, Wednesday.The forum was co-hosted by the KCCI, the Portuguese Embassy in Korea, and the Portuguese Trade and Investment Agency in celebration of the visit of Portuguese Prime Minister Antonio Costa to Korea. “Trade between the two countries has increased by about 50 percent c

Apr 12, 2023By Kim Hyun-bin
Korea, Portugal to strengthen cooperation in EVs, chips, renewable energy
  • INTERVIEW From renewable energy to lithium reserves, Portugal offers opportunities for Korea: PM
Companies

Hyundai to invest $18 bil. by 2030 to become global top 3 EV player

President Yoon Suk Yeol, center, shakes hands with Hyundai Motor Group Chairman Chung Euisun, left, at the groundbreaking ceremony of Kia AutoLand in Hwaseong, Gyeonggi Province, Tuesday. YonhapBy Kim Hyun-binHyundai Motor Group has unveiled its medium- to long-term strategy for joining the global top three in the electric vehicle (EV) market by 2030 by injecting 24 trillion won ($18.1 billion), the company said Tuesday.The announcement was made during a groundbreaking ceremony to build the country's first customized electric car factory, AutoLand, in Hwaseong, Gyeonggi Province. President Yoon Suk Yeol was in attendance, along with around 200 people, including Hyundai Motor Group Executive Chair Chung Euisun, Kia Corp. CEO Song Ho-sung and executives and workers of Hyundai Motor and Kia. Yoon pointed out that the global automotive industry is undergoing a huge paradigm shift, as the movement towards carbon neutrality accelerates, the adoption rate of EVs increases rapidly and high-speed data transmission and AI are triggering a mobility revolution."We will raise Korea's electric veh

Apr 11, 2023By Kim Hyun-bin
Hyundai to invest $18 bil. by 2030 to become global top 3 EV player
Companies

Korean Air goes all out to get approval for Asiana takeover

Korean Air B787-9 / Courtesy of Korean AirBy Kim Hyun-binKorean Air is putting all-out efforts into completing its takeover of Asiana Airlines by mobilizing and investing heavily to persuade competition authorities in major countries, according to the company, Monday.Competition authorities in each country are making various demands due to monopoly concerns. In order to dispel their concerns, Korean Air is continuing to consult on various corrective measures.To persuade the authorities of the countries that have not yet approved the deal, the company is operating a dedicated expert group for each country consisting of a total of 100 personnel who are cooperating with domestic and foreign law firms and economic analysis companies.From December 2020 to February this year, Korean Air spent well over 100 billion won ($75.6 million) on expenses for domestic and foreign law firms and advisers."Through active discussions, we have made considerable progress in securing and persuading new airlines to enter the U.S., EU and Japan routes," an official at Korean Air said. “We are doing our

Apr 10, 2023By Kim Hyun-bin
Korean Air goes all out to get approval for Asiana takeover
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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.