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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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Lotte, Busan agree to cooperate in hosting World Expo 2030

Lotte signs an MOU with the Bid Committee for World Expo 2030 Busan and Busan Metropolitan City to help attract the Expo to Busan, Wednesday. From left are Lotte Holdings Communication Director Lee Gap, Bid Committee for World Expo 2030 Busan Secretary General Yoon Sang-jick and Busan Vice Mayor for Economic Affairs Lee Seong-kweun. Courtesy of Lotte GroupBy Kim Hyun-binLotte signed a memorandum of understanding (MOU) with Busan Metropolitan City to help the city win its bid to host the World Expo 2030 in Busan, according to the company, Wednesday. Lotte will use its infrastructure to support preparations for on-site due diligence by the Bureau International des Expositions (BIE), which is scheduled for April 3 to 7. In order to attract public interest and support for hosting the Busan Expo, various promotional activities will be carried out in Busan and Seoul.Lotte will provide rooms at its Signiel Busan as lodgings for the BIE's inspection team while they stay in Busan. Signiel Busan is a 260-room luxury hotel located in Haeundae's landmark LCT tower, and is expected to showcase Ko

Mar 8, 2023By Kim Hyun-bin
Lotte, Busan agree to cooperate in hosting World Expo 2030
Companies

Samsung chief meets future engineers at technical high school

Samsung Electronics Chairman Lee Jae-yong, back row center, poses with students at Gumi Electronics Technical High School located in Gumi, North Gyeongsang Province, Tuesday. Lee observe classes and discussed industrial fields of interest with students. Courtesy of Samsung ElectronicsBy Kim Hyun-binSamsung Electronics Chairman Lee Jae-yong visited Gumi Electronics Technical High School located in Gumi, North Gyeongsang Province to encourage students, according to the company, Tuesday. Lee observed a Printed Circuit Board (PCB) design class, followed by a meeting with students to discuss interest in the industrial fields and technical talents. Gumi Electronics Technical High School nurtures professional technical personnel in electronics and mechatronics. About 2,000 graduates of Gumi Electronics Technical High School are active as skilled technical talents in major Samsung affiliates, including Samsung Electronics, Samsung Display, Samsung SDI, Samsung Electro-Mechanics, Samsung SDS, and Samsung Heavy Industries. “Young technical talents are the driving force of manufacturing c

Mar 7, 2023By Kim Hyun-bin
Samsung chief meets future engineers at technical high school
Companies

Hyundai unveils KONA ELECTRIC

Hyundai Motor unveiled the new KONA ELECTRIC during an online launch ceremony, Tuesday. The vehicle is capable of traveling up to 410 km per charge. Courtesy of Hyundai Motor Group

Mar 7, 2023By Kim Hyun-bin
Hyundai unveils KONA ELECTRIC
Companies

Volvo CEO to visit Korea to look for battery partners

Volvo C40 electric vehicle / Courtesy of Volvo KoreaBy Kim Hyun-binVolvo Cars CEO Jim Rowan is scheduled to visit Korea next week, and the trip is drawing attention to see if the automaker intends to increase cooperation with major domestic battery companies LG Energy Solution (LGES), Samsung SDI and SK On, according to industry officials, Tuesday. Rowan is scheduled to visit Korea from March 12 through 14, on what will be his first trip here since he took office in March last year.“The purpose of the CEO's visit is to inspect major markets after taking office,” a Volvo Korea official said.Rowan is one of the people leading Volvo's transition to electric vehicles (EV). During his visit to Korea, he will be able to discuss ways to cooperate with domestic battery makers. Volvo is pushing for a complete EV transition by 2030. As part of that plan, the automaker plans to release a new EV each year.Volvo Cars CEO Jim RowanCurrently, the automaker has released two electric models ― C40 and EX90 ― which are both equipped with LGES batteries, and there is speculation that Rowan c

Mar 7, 2023By Kim Hyun-bin
Volvo CEO to visit Korea to look for battery partners
Companies

Korean companies cautious about compensating victims of Japan's forced labor

POSCO Center in Seoul / Courtesy of POSCO Group By Kim Hyun-binKorean companies, which benefited from a 1965 treaty with Japan that normalized diplomatic ties in exchange for economic aid, appear to be cautious about compensating victims of Japan's wartime forced labor, according to industry officials, Monday. The hesitation follows the Korean government's announcement that businesses here will take part in the reparations.Under the Yoon Suk Yeol administration's scheme, a foundation for victims of forced mobilization, affiliated with the interior ministry, will collect "voluntary" donations from the private sector.The government is expected to seek donations from 16 Korean companies, including the country's leading steelmaker POSCO, under which Tokyo offered $300 million in grants to Seoul at the time.The list also includes KT, KT&G, KEPCO, Korea Expressway Corp. and KEB.POSCO said it has yet to receive a request from the government, but added that it will actively

Mar 6, 2023By Kim Hyun-bin
Korean companies cautious about compensating victims of Japan's forced labor
  • Korea's solution to forced labor issue draws backlash from victims
Companies

SK chief meets major business leaders in Europe to enhance cooperation

SK Group Chairman Chey Tae-won, right, meets Vestas Wind Systems CEO Henrik Andersen, left, the world's No. 1 wind turbine manufacturer, in Copenhagen, Denmark, March 2 (local time) to discuss business cooperation. Courtesy of SK GroupBy Kim Hyun-binSK Group Chairman Chey Tae-won met with key European businessmen during his visits to three European countries ― Spain, Denmark, and Portugal ― as a presidential envoy to enhance cooperation and seek out new business opportunities.According to SK Group, Chey met with Henrik Anderson, CEO of Denmark's Vestas Wind Systems, the world's No. 1 wind turbine manufacturer, on March 2 (local time) to discuss ways to expand cooperation in the offshore wind power sector. Vestas previously announced at the Davos Forum in Switzerland in January that it would invest $300 million in a wind turbine production plant in Korea and relocate its Asia-Pacific regional headquarters to Korea. During the meeting, Chey proposed cooperation in the development and sale of green hydrogen using water electrolysis technology as well as offshore wind power, with the two

Mar 6, 2023By Kim Hyun-bin
SK chief meets major business leaders in Europe to enhance cooperation
Companies

KCCI chief meets heads of Portugal, Denmark to request support for Busan's Expo bid

KCCI Chairman Chey Tae-won, left, delivers a personal letter from President Yoon Suk Yeol to Portuguese Prime Minister Antonio Luis Santos da Costa at the Prime Minister's Residence in Lisbon, Friday (local time). Courtesy of KCCIBy Kim Hyun-binKorea Chamber of Commerce and Industry (KCCI) Chairman Chey Tae-won held meetings with the prime ministers of Portugal and Demark to win support for Busan's bid to host the World Expo 2030, according to the KCCI, Sunday. Chey met with Portuguese Prime Minister Antonio Luis Santos da Costa at the Prime Minister's Residence in Lisbon, Friday (local time). During the meeting, plans to expand economic cooperation between the two countries and Korea's efforts for hosting the Expo in Busan were discussed.“As Portugal is a leading country in new and renewable energy, where renewable energy accounts for 54 percent of its electricity production, we are looking forward to cooperation between the two countries in energy conversion and new and renewable energy. We will be able to seek ways to cooperate at the private level,” Chey said. “

Mar 5, 2023By Kim Hyun-bin
KCCI chief meets heads of Portugal, Denmark to request support for Busan's Expo bid
Companies

POSCO International conducts energy efficiency projects for underprivileged

Solar panels are set up by POSCO International at nursing homes in Gwangyang, South Jeolla Province, as a part of its social contribution projects. Courtesy of POSCO InternationalBy Kim Hyun-binPOSCO International is conducting major energy efficiency projects to help reduce the worries of the energy-vulnerable class, who are increasingly burdened by soaring heating costs, according to the company Sunday.There are three types of energy efficiency improvement projects: cooling/heating efficiency improvement, support for solar power facilities and an employee electric inspection service.The cooling/heating efficiency improvement program aims at supporting underprivileged households by creating better residential conditions. Since 2012, POSCO International has been engaged in energy efficiency improvement programs such as providing floor heating work and replacing old boilers and windows with new ones, especially by focusing on older houses in Incheon. It has helped a total of 444 households so far. In Gwangyang, South Jeolla Province, where the LNG terminal is located, the company has

Mar 5, 2023By Kim Hyun-bin
POSCO International conducts energy efficiency projects for underprivileged
Companies

'Like US, Korea should provide subsidies to only locally-produced EVs': KAMA

Hyundai Motor IONIQ 6 / Courtesy of Hyundai Motor GroupBy Kim Hyun-binThe domestic automobile industry has requested that the government limit foreign automobiles from being included in the planned supply of 4.5 million eco-friendly vehicles ― including electric vehicles (EV) and hydrogen cars ― in the country to foster domestic production.The purpose is to foster the domestic EV ecosystem while major domestic automakers are moving their production bases abroad due to the requirements stipulated in U.S. Inflation Reduction Act (IRA).The Korea Automobile Manufacturers Association (KAMA) held a meeting at its headquarters in Seoul and discussed the 2030 National Greenhouse Gas Nationally Determined Contribution (NDC) implementation roadmap, which aims to strengthen the competitiveness of the domestic automobile industry.During this month, the government will announce a detailed implementation roadmap for NDC, which includes a plan to supply a total of 8.5 million eco-friendly vehicles, including 3.62 million EVs, 880,000 hydrogen vehicles and 4 million hybrid vehicles.“The domest

Mar 2, 2023By Kim Hyun-bin
'Like US, Korea should provide subsidies to only locally-produced EVs': KAMA
Companies

Applications pour in as soon as Hyundai Motor unveils factory job openings

Hyundai Motor production workers assemble the IONIQ 5 at the company's Ulsan plant. Courtesy of Hyundai Motor GroupBy Kim Hyun-binA worker in his 30s is seeking to quit his high-paying semiconductor engineering job at a major conglomerate to become a production line worker at Hyundai Motor to ease office stress."I don't want to go to work, have meetings and be stressed out all the time. I have a master's degree in engineering from a SKY (Seoul National, Korea, Yonsei) university and I am thinking about applying," the employee posted on Blind, an anonymous messaging app used by Korean workers to air their grievances.Prospective applicants flocked to Blind with questions and showing interest in the job opening.“If you work overtime on weekends, you can make 120 million won ($91,500) a year. This is the king of all production jobs,” one person wrote. “I think a lot of public servants will apply,” another wrote, adding, “Please give me advice on starting salaries, work intensity and welfare benefits.”Industry officials believe over 100,000 people will

Mar 2, 2023By Kim Hyun-bin
Applications pour in as soon as Hyundai Motor unveils factory job openings
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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.