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Jun Ji-hye

Korea Times Finance Reporter

Hello, I am Jun Ji-hye, a reporter at The Korea Times. I primarily cover financial authorities and write articles on a wide range of topics related to finance and capital markets. If you have any information to share, feel free to email me at jjh@koreatimes.co.kr, and I will review it carefully. I am committed to always doing my best to communicate with readers through high-quality articles.

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Tech & Science

Mobile carriers seek to partner with Disney Plus

Disney Plus, the entertainment giant's online streaming service, is expected to be launched in Korea next year at the earliest. / Captured from Disney Plus' websiteBy Jun Ji-hyeSK Telecom has emerged as a leading candidate among local mobile carriers that will partner with Disney's new streaming service Disney Plus, according to industry officials Monday. Disney Plus, the entertainment giant's streaming service, was launched on Nov. 12 in the United States, Canada and the Netherlands, with industry officials here expecting the service to be launched in Korea next year at the earliest. As Disney joined hands with NTT Docomo for the launch of the streaming service in Japan in the first half of the year, eyes have been on which mobile carrier here will become Disney's partner for the Korean launch.SK Telecom CEO Park Jung-hoSK Telecom CEO Park Jung-ho has made it official that the top mobile carrier has negotiated with Disney for the partnership. “We have met with Disney officials. I cannot talk about details yet,” he told reporters, Nov. 29, after a meeting with ICT Ministe

Dec 2, 2019By Jun Ji-hye
Mobile carriers seek to partner with Disney Plus
Shows & Dramas

CJ ENM partners with Netflix to reach global viewers

By Jun Ji-hyeCJ ENM and its subsidiary Studio Dragon have entered into a strategic partnership with U.S. streaming giant Netflix, signing a multi-year content production and distribution agreement, the Korean and U.S. companies said Friday.CJ ENM is the nation's leading media entertainment company, and Studio Dragon is the leading production studio. CJ ENM CEO Heo Min-heoiUnder the partnership, Studio Dragon will produce original series that will be available to Netflix members all over the world for three years beginning next year.Netflix will receive distribution rights from CJ ENM to other select Studio Dragon titles.Netflix said the arrangement will extend and deepen its relationship with CJ ENM and Studio Dragon. The California-based company has already been streaming Studio Dragon hits like “Stranger,” “Mr. Sunshine,” “Memories of Alhambra” and “Romance is A Bonus Book.”As part of the partnership, CJ ENM will also have the right to sell up to 4.99 percent of Studio Dragon shares to Netflix.The partnership calls on CJ ENM to sell t

Nov 22, 2019By Jun Ji-hye
CJ ENM partners with Netflix to reach global viewers
Tech & Science

SK going after Netflix for network fees

By Jun Ji-hyeSK Broadband has failed to settle a conflict with Netflix through bilateral negotiations over how to share data traffic costs, asking the Korea Communications Commission (KCC) to arbitrate in the disputes, company and KCC officials said Tuesday.SK Broadband CEO Park Jung-hoSK Broadband, an affiliate of the nation's top mobile carrier SK Telecom, submitted an application for the communication regulator's arbitration, Nov. 12, claiming that the U.S. streaming giant has refused to pay for using its internet networks to offer data traffic-heavy services to users in Korea. Under the Telecommunications Business Act, the KCC is required to make a decision within 90 days, though another 90 days can be given if necessary. A party that wants to protest against the KCC's decision can file a lawsuit with a court. “The two companies have failed to find a point of agreement, thus we requested the KCC's mediation as continued conflict could cause inconvenience to users,” a SK Broadband official said. It marked the first case for a Korean internet service provider to have ca

Nov 21, 2019By Jun Ji-hye
SK going after Netflix for network fees
Tech & Science

Cafe24 signs partnership with Innocean for licensing service

By Jun Ji-hyeGlobal e-commerce platform Cafe24 has signed a memorandum of understanding with Hyundai Motor Group's advertising subsidiary Innocean Worldwide for supporting online businesses with licensing services, the company said Monday. Under the MOU, the two companies will roll out licensing services for e-commerce stores to make it easier for them to use global brands and characters in the production of their store goods.For instance, if an online business wants to produce clothing featuring a famous character, the previously complex licensing processes regarding contracts and fees will be simplified into a couple of clicks on an application. Cafe24 said e-commerce stores running on its platform will be able to utilize licensing to easily produce, ship, market and promote products. Cafe24 and Innocean will join efforts to vitalize the licensing business within the e-commerce market through integrating the licensing service into Cafe24's App Store. Services including licensing-based product planning, production, promotion and shipping will also be supported. “The environmen

Nov 18, 2019By Jun Ji-hye
Cafe24 signs partnership with Innocean for licensing service
Tech & Science

LG Electronics bets high on electrical parts for future cars

Models pose at the booth installed by LG Electronics at the 2018 North American International Auto Show (NAIAS). / Courtesy of LG ElectronicsBy Jun Ji-hyeLG Electronics has been strengthening its business portfolio in automotive electrical parts and systems by making bold investments, to gain a technological edge and find a breakthrough for the money-losing division, company officials said Sunday.The tech giant's investments into the Vehicle Component Solutions (VS) division this year is expected to reach about 900 billion won ($771 million), according to the firm's quarterly report. The company has already invested 442.8 billion won in the first three quarters into the division, and plans to invest an additional 455.7 billion won by the end of the year. LG's VS division is in charge of developing and manufacturing in-vehicle infotainment systems, electric vehicle motors and parts for self-driving cars, among others. This year's investments into the division increased by 27 percent from last year's 709 billion won.The amount is considered notable as it is similar to the 908.5 billion

Nov 17, 2019By Jun Ji-hye
LG Electronics bets high on electrical parts for future cars
Tech & Science

Naver to create global internet platform with SoftBank

By Jun Ji-hyeNaver's Japanese subsidiary Line is set to merge with Yahoo Japan, seeking to become a global internet group that can match China's e-commerce giant Alibaba or the U.S.-based retail giant Amazon, company officials and analysts said Thursday. Line, a popular messaging app in Japan, has more than 80 million users. Yahoo Japan is Japan's largest internet portal operator with more than 50 million users. Lee Hae-jin, Naver's founder and global investment officerWhen the deal is completed, the Japanese-Korean mega-platform ― with more than 100 million users ― will span the messenger, search, finance and retail sectors among other services.“We are considering the merger (with Yahoo Japan) as part of efforts to enrich enterprise value,” a Line official said.She noted, however, that “nothing has been decided yet.” Naver owns 73 percent of Line while SoftBank Group has a 45 percent stake in Z Holdings, a parent company of Yahoo Japan. According to the Nikkei Asian Review, Naver and SoftBank are considering setting up a new 50-50 joint venture that would bec

Nov 14, 2019By Jun Ji-hye
Naver to create global internet platform with SoftBank
Tech & Science

LG Uplus, Kakao roll out joint navigation service

Moon Hyun-il, left, who is in charge of LG Uplus' mobile services, and Ahn kyu-jin, an executive director at Kakao Mobility, celebrate the launch of the two companies' joint navigation service, Tuesday. / Courtesy of LG Uplus By Jun Ji-hyeLG Uplus and Kakao Mobility jointly released a new navigation service Tuesday, taking the first step toward their technical cooperation in the promising future mobility sector. The launch of the U+ Kakao Navi service came after the mobile carrier and the Kakao subsidiary in charge of transportation services signed a memorandum of understanding in September to establish an autonomous driving environment and develop fifth-generation (5G) network-based services in the traffic-related field.The telecom company said it will apply a “zero-rating” policy to its LTE and 5G subscribers to enable them to use the new navigation service without data deductions from their monthly cap.Through the cooperation, LG Uplus will be able to significant

Nov 12, 2019By Jun Ji-hye
LG Uplus, Kakao roll out joint navigation service
Tech & Science

Kakao expanding taxi services amid Tada's crisis

Kakao T Blue taxi service operated by Kakao Mobility / Courtesy of Kakao MobilityBy Jun Ji-hyeKakao has been aggressively expanding its taxi-related business and becoming the sole leader among new platform companies at a time when rental van-hailing service Tada is facing a crisis following the prosecution's indictment of the heads of its operator.Kakao Mobility has acquired five taxi companies and is close to taking over a sixth in a bid to develop and expand its new mobility services. Through the acquisition, Kakao Mobility, a Kakao subsidiary set up last year to expand and monetize transportation services, has secured about 500 taxi-driving licenses, with the number expected to increase to about 600 when the takeover of the sixth company is completed. Kakao's takeover of the taxi companies followed the Ministry of Land, Infrastructure and Transport's announcement of new regulations designed to settle the conflict between conventional taxi services and new platform companies.The current situation shows that the IT company's work to develop its new mobility services while resolving

Nov 7, 2019By Jun Ji-hye
Kakao expanding taxi services amid Tada's crisis
Society

Korea Times anniversary

Lee Byeong-eon, third from right, president-publisher of The Korea Times, and Lee Jun-hee, right, president of the English daily's sister paper, the Hankook Ilbo, take part in a cake cutting ceremony, along with other officials from the two newspapers, during an event held in Seoul, Monday, to mark The Korea Times' 69th anniversary. / Korea Times photo by Shim Hyun-chul

Nov 4, 2019By Jun Ji-hye
Korea Times anniversary
Companies

Kumho Petrochemical strives to nurture global talent

Kumho Petrochemical employees conduct a meeting. The firm operates diverse educational and management programs to help employees in their self-development. / Courtesy of Kumho PetrochemicalKumho Petrochemical has been redoubling efforts to nurture talented people who can demonstrate ability in the rapidly changing global market, the company said Sunday.The company is focusing on training its human resources as it places greater importance on professionalism and leadership of its employees who work around the world in various sectors, including synthetic resins, fine chemistry and electron materials.The firm operates diverse educational and management programs to help its employees in their self-development which eventually contributes to raising the competitive power of the company.Since 2010, Kumho Petrochemical has operated a vocational qualification program designed to encourage employees to acquire certificates, such as those for certified public accountants, financial risk managers, chartered financial analysts and project management professionals.Under the program, the company

Nov 3, 2019By Jun Ji-hye
Kumho Petrochemical strives to nurture global talent
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