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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

Han Sung Motor runs Dream Gream program to foster young artists

Ulf Ausprung, CEO of Han Sung Motor, attends the 2023 Dream Gream launch ceremony at the Glad Hotel in Seoul, Feb. 21. Courtesy of Han Sung MotorBy Kim Hyun-binHan Sung Motor has been operating Dream Gream, an art scholarship program for middle and high school students, with the Korea Mecenat Association since 2012. It is the first corporate social responsibility (CSR) program among imported car dealership companies. The company's scholarship program provides young artists with mentoring classes in various art fields with renowned artists, allowing the recipients to pursue their dreams for up to six years until they graduate from high school.“The domestic art scene is growing significantly and as the public's interest in art is steadily increasing, it shows that art is recognized as an important factor in daily life,” said Ulf Ausprung, CEO of Han Sung Motor. “This year, we want to provide much more differentiated educational opportunities to students and mentors. We plan to focus on participating in various art fairs to allow students to directly experience the atm

Apr 10, 2023By Kim Hyun-bin
Han Sung Motor runs Dream Gream program to foster young artists
Companies

'US should ease subsidy requirements for semiconductors and EVs'

From left, U.S. President Joe Biden, President Yoon Suk Yeol, and Samsung Electronics Chairman Lee Jae-yong listen to a worker at Samsung Electronics' third plant in Pyeongtaek, Gyeonggi Province, on May 20, 2022. YonhapBy Kim Hyun-binThe U.S. should ease subsidy requirements for semiconductors and electric vehicles (EV) in order to increase mutual benefits between Korea and the U.S., a think tank has suggested ahead of President Yoon Suk Yeol's state visit to Washington at the end of April.The Korea Economic Research Institute (KERI) under the Federation of Korean Industries (FKI) outlined the “Top 10 Issues for Korea-U.S. Economic Cooperation” by deriving tasks for each major industry for mutual cooperation between the two countries.KERI pointed out that although the U.S. is increasing the proportion of domestic production in key industries such as semiconductors and EVs, there are many unreasonable requirements for its key ally Korea, which is seen as hindering Korean companies from expanding in the U.S."Amid the intensifying competition between the U.S. and China for

Apr 7, 2023By Kim Hyun-bin
'US should ease subsidy requirements for semiconductors and EVs'
Companies

Hyundai, Kia lead software development alliance to accelerate SDV conversion

Hyundai Motor Group MBD Consortium participants hold a banner to mark the signing of the MOU at the company's human resources development center in Yongin, Gyeonggi Province, Thursday. Courtesy of Hyundai Motor Group By Kim Hyun-binHyundai Motor and Kia will form a software development alliance with companies offering the best technology in the industry to accelerate Software Defined Vehicle (SDV) conversion, according to the company, Friday. The companies signed a multilateral memorandum of understanding (MOU) with 17 companies, including Hyundai Motor Group affiliates and software companies, Thursday, to strengthen the competitiveness of vehicle control software development.According to the business agreement, the participating companies launched the Hyundai Motor Group Model Based Development (MBD) Consortium, which includes a large number of domestic and foreign companies with the best technology in the field of software and virtual verification technology, incl

Apr 7, 2023By Kim Hyun-bin
Hyundai, Kia lead software development alliance to accelerate SDV conversion
Companies

Businesses concerned about first court ruling on violation of new industrial accidents law

A lawyer for Onyou Partners, who's CEO was sentenced to one-and-a-half years in prison, suspended for three years, for violating the Serious Accidents Punishment Act, answers reporters' questions at a court in Goyang, Gyeonggi Province, Thursday. YonhapBy Kim Hyun-binBusiness lobby groups expressed concerns, Thursday, over the first court ruling on a violation of the Serious Accidents Punishment Act, according to industry officials Thursday.A court in Goyang, Gyeonggi Province sentenced the CEO of Onyou Partners to one year and six months in prison, suspended for three years. The court also imposed fines of 30 million won ($22,750) on the company and 5 million won on the site manager.This is the first ruling after the new law was implemented on Jan. 27, 2022, to penalize the owners and management of companies with 50 or more workers for failing to fulfill their duties to prevent serious accidents.The CEO was indicted in May 2022 after a subcontracted worker fell to his death at the company's construction site. He was accused of violating the Serious Accidents Punishment Act by failin

Apr 6, 2023By Kim Hyun-bin
Businesses concerned about first court ruling on violation of new industrial accidents law
Companies

Hyundai Motor's IONIQ 6 wins World Car of the Year

Hyundai Motor IONIQ 6 World Car of the Year poster / Courtesy of Hyundai Motor GroupBy Kim Hyun-binHyundai Motor's IONIQ 6 won the prestigious World Car of the Year, World Electric Vehicle and World Car Design of the Year. The World Car Awards revealed the results at a ceremony held at the New York International Auto Show (NYIAS) Thursday. A jury of 100 automotive journalists from 32 countries chose IONIQ 6 from the top three finalists, all launched in 2022. This is the second time that Hyundai has secured consecutive triple honors at the World Car Awards. Last year, the jury named IONIQ 5 the winner in the same categories.“We are thrilled to receive this prestigious honor two years in a row, which recognizes the tremendous talents and unrelenting efforts of everyone at Hyundai Motor to bring EVs like IONIQ 6 to market,” Chang Jae-hoon, CEO of Hyundai Motor said. “This honor reinforces our commitment to being a global leader in vehicle electrification and will serve to embolden our efforts as a smart mobility solutions provider.”The IONIQ 6 is the second model

Apr 6, 2023By Kim Hyun-bin
Hyundai Motor's IONIQ 6 wins World Car of the Year
Companies

LG's top executives active in attracting Expo to Busan

LG CEO Koo Kwang-mo, left, poses with Polish Prime Minister Mateusz Morawiecki at the prime minister's office in Warsaw, Poland, last October. Courtesy of LG GroupBy Sah Dong-seokLG discussed ways to support Busan's potential hosting of World Expo 2030 at a workshop of presidents held last September. After the workshop LG's top executives decided to actively conduct promotional activities at home and abroad, noting that the Expo in Busan would be a nationally important and meaningful event.In October last year, right after the workshop, LG CEO Koo Kwang-mo visited Polish Prime Minister Mateusz Morawiecki and asked for support for Busan's Expo bid. He then expressed his gratitude for the economic cooperation between LG and Poland, saying, “The venue for communication regarding the 'new hope and future' pursued by World Expos will hopefully be created in Busan.” LG Electronics CEO Cho Joo-wan speaks at an event held to promote Busan's World Expo 2030 bid in Brazil, March 13. Courtesy of LG GroupLG Electronics CEO Cho Joo-wan is also visiting countries around the world as a

Apr 5, 2023By Kim Hyun-bin
LG's top executives active in attracting Expo to Busan
  • LG supports Busan's bid to host World Expo 2030
Companies

LG supports Busan's bid to host World Expo 2030

Large electronic boards that were installed by LG to show support for Busan's bid to host the World Expo 2030 are seen in Seoul Station. All photos courtesy of LG GroupLG promotes Expo bid as BIE delegation visits KoreaBy Sah Dong-seokLG is doing all it can to support Busan's bid to host the World Expo 2030 at a time the Bureau International des Expositions' (BIE) visit to Korea will continue through to Friday from last Sunday. LG is presenting ads promoting Busan's intention to host the World Expo 2030 through its digital sign projector at Incheon International Airport, large electronic signs in Seoul Station and Busan Station and large screens displayed at Gimhae International Airport in compliance with the mission's inspection schedule and movements.LG's large digital signs advertise Busan's bid to host the World Expo 2030 at Incheon International Airport.It's a move aimed at showing the delegates the Korean people's aspiration to host the World Expo 2030 at every point of their itinerary in the country. The inspection team, which arrived at Incheon International Airport last Sund

Apr 5, 2023By Kim Hyun-bin
LG supports Busan's bid to host World Expo 2030
  • LG's top executives active in attracting Expo to Busan
  • LG promotes Expo bid at global landmarks
Companies

Hyundai Motor chief inspects latest technologies at Seoul Mobility Show

Hyundai Motor Group Executive Chair Chung Euisun, third from right, visits the Tesla booth set up at the 2023 Seoul Mobility Show held at KINTEX in Goyang, Gyeonggi Province, Tuesday. YonhapBy Kim Hyun-binHyundai Motor Group Executive Chair Chung Euisun visited the 2023 Seoul Mobility Show to see the latest in robotics and other recent technologies driving the automotive industry, Tuesday. At the Tesla booth, he looked at the robotic humanoid Tesla Bot and asked Hyundai Motor executives if it was functional. A Hyundai Motor executive explained, "There are still limits to dynamic motion.” Hyundai Motor Group acquired Boston Dynamics, a U.S. robot manufacturer, and is expanding its robotics business. Boston Dynamics developed Spot, a four-legged walking robot, and Atlas, a robot capable of walking upright on two legs.Chung also stepped into the booth of Masta Motors, a medium-sized domestic company, to look at the miniature electric pickup trucks and miniature electric vans on display, and asked questions about the vehicles.On the way to the exit, the chairman stopped at the boot

Apr 4, 2023By Kim Hyun-bin
Hyundai Motor chief inspects latest technologies at Seoul Mobility Show
Companies

Maserati launches MC20 Cielo Limited Edition in Korea

Maserati Asia-Pacific Representative Director Kimura Takayuki, left, and FMK Maserati CEO Kim Gwang-chul unveil the limited edition super convertible model MC20 Cielo PrimaSerie at the company's showroom in Seoul, Tuesday. Courtesy of FMK MaseratiBy Kim Hyun-binMaserati, an Italian high-performance luxury vehicle manufacturer, launched its convertible super sports car MC20 Cielo at the FMK Maserati showroom in Seoul, Tuesday.To commemorate the domestic release of the MC20 Cielo, FMK Maserati CEO Kim Gwang-chul and Maserati Asia-Pacific Representative Director Kimura Takayuki unveiled the limited edition super convertible model MC20 Cielo PrimaSerie."I hope you can feel the charm of Maserati's racing DNA and future-oriented super sports car through the MC20 Cielo, which allows you to feel both dynamic performance and driving pleasure," Kim said.The MC20 Cielo is a convertible version of the coupe model MC20, featuring an elegant aesthetic and powerful performance. With its aerodynamic design and fully foldable glass roof, it is considered a completely new model, the company said.The P

Apr 4, 2023By Kim Hyun-bin
Maserati launches MC20 Cielo Limited Edition in Korea
Others

Busan to hold large-scale fireworks event for Expo bid

The word “EXPO” is spelled out by 1,500 drones in the night sky at Gwangalli Beach in Busan as part of the city's bid to host the World Expo 2030, Saturday. YonhapBy Kim Hyun-binA large-scale maritime fireworks display will take place over Gwangalli Beach in Busan, April 6, as part of the city's efforts to promote its bid to host the World Expo 2030 during the Bureau International des Expositions (BIE) due diligence team's visit to the southeastern port city, according to city officials, Monday. Busan is set to attract 1 million people to the fireworks show, 300,000 more than the Busan Fireworks Festival held last Dec. 17. The display will be watched by all eight BIE inspection team members, including BIE's Administrative Director Patrick Specht and BIE Secretary General Dimitri S. Kerkentzes.The city plans to show off Busan's capabilities and strengthened safety measures. It will operate a safety control tower at the venue and adjust measures based on hourly situation surveillance footage.About 6,100 security workers, the largest number of any event in history, will be d

Apr 3, 2023By Kim Hyun-bin
Busan to hold large-scale fireworks event for Expo bid
  • Public-private 'One Team' strategy key to Busan's Expo campaign
  • Busan Expo to offer convenient traffic, comfortable accommodation
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