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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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Companies

NK leader's bombshell leaves Hyundai hanging by a thread

By Jun Ji-hyeHyundai Group is in a panic about its business involving tourism to Mount Geumgang after North Korean leader Kim Jong-un ordered the removal of facilities built by the South at the North's scenic mountain, according to group officials Wednesday. Hyundai Group Chairwoman Hyun Jeong-eunAccording to the North's Korean Central News Agency (KCNA), Kim made a “field guidance” visit to the mountain resort, during which time he ordered the removal of “all the unpleasant-looking facilities” built by the South and the construction of the North's own “modern service facilities.”Hyundai Asan CEO Bae Kook-hwan and other executives held an emergency meeting in the morning to grasp the present situation and come up with countermeasures. “We were embarrassed by the news as we have been preparing for the resumption of the tour program,” a Hyundai Asan official said. “We will respond calmly to the issue.”Hyundai Asan, the group's unit in charge of its businesses in the North, invested hundreds of billions of won in building facil

Oct 23, 2019By Jun Ji-hye
Tech & Science

Intel releases 10th-generation processors in Korea

Intel Korea CEO Kwon Myung-sook speaks during a media conference at the JW Marriott Dongdaemun Square Seoul, Thursday. Courtesy of IntelBy Jun Ji-hyeIntel released its latest 10th-generation Core processors, Ice Lake and Comet Lake, in Korea, Thursday, in a bid to solidify its presence in the central processing unit (CPU) market.The Ice Lake 10-nanometer processor offers a unique entertainment experience as well as artificial intelligence (AI) technology, while the Comet Lake 14-nanometer processor realizes tremendous productivity improvements, according to the company. “We have redoubled our efforts to innovate PC users' experience and create a new form factor through cooperation with various partners including hardware and software providers as well as manufacturers of finished products,” Intel Korea CEO Kwon Myung-sook said during a media conference in Seoul. Intel APJ sales manager Jack Huang said the Ice Lake processor is equipped with the latest Intel Iris Plus graphics, providing advanced 3D performance for gaming PCs.The product also optimizes high-resolution phot

Oct 10, 2019By Jun Ji-hye
Intel releases 10th-generation processors in Korea
Companies

Kakao Games to take location-based game abroad

By Jun Ji-hyeKakao Games will release a location-based mobile game, tentatively named “ArcheAge Walk,” next year to target the global game market, the company said Thursday. “ArcheAge Walk,” a location-based game being developed by Kakao Games / Courtesy of Kakao GamesThe company said it will apply advanced location-based service (LBS) technologies to its new game in a bid to follow in the footsteps of “Pokemon Go,” which enjoyed significant popularity around the world. The game, which involves catching Japanese animated characters, has been considered a prime example of augmented reality technology.On Sept. 23, Life MMO, a subsidiary of KaKao Games, signed a license agreement with XLGames, developer of massive multiplayer online role-playing game (MMORPG) “ArcheAge.”The agreement allows Life MMO to use the intellectual property of “ArcheAge” to develop the new location-based mobile game “ArcheAge Walk.”Released in 2013, “ArcheAge” has gained consistent popularity around the world, attracting more tha

Oct 10, 2019By Jun Ji-hye
Kakao Games to take location-based game abroad
Tech & Science

SKT shares 5G know-how with German industry leaders

SK Telecom CEO Park Jung-ho delivers a video address during the 5Germany conference in this photo provided by the Korean mobile carrier, Thursday. Courtesy of SK TelecomBy Jun Ji-hyeSK Telecom CEO Park Jung-ho delivered an address at a conference held in Germany, handing down the company's successful commercialization and application of fifth-generation (5G) networks to industry leaders and political figures of the European country, the company said Thursday. Park gave his speech using a videoconferencing device during the 5Germany conference that brought together CEOs of BMW, Deutsche Telekom, BASF and ABB Group as well as the country's minister of transport and digital infrastructure.The conference, which took place on Sept. 27, was aimed at mulling ways of innovating industries through 5G. “Through his video address on how Korea is becoming the leader in 5G, Park talked about the journey to launch the world's first commercial 5G networks as well as achievements in innovating industries,” an SK Telecom official said. The nation's three mobile carriers ― SK Telecom, KT a

Oct 10, 2019By Jun Ji-hye
SKT shares 5G know-how with German industry leaders
Tech & Science

Tada's expansion plan hits snag on gov't opposition

VCNC CEO Park Jae-uk announces a plan to expand rental van-hailing service Tada during a media conference in Seoul, Monday. / Courtesy of VCNCBy Jun Ji-hyeRental van-hailing service Tada's expansion plan is facing hurdles due to the transport ministry expressing concerns that the plan could lead to more conflicts with taxi drivers.VCNC, which operates the Tada service, announced a plan, Monday, to expand the number of its vans to 10,000 from the current 1,400 and its drivers to 50,000 from the current 9,000 by next year.VCNC is a subsidiary of car-sharing service SoCar. VCNC CEO Park Jae-uk said the Tada service, which has been operating in Seoul and the surrounding metropolitan area, will be expanded nationwide.“There has been growing demand from Busan, Daegu and other areas,” he said during a media conference to celebrate the first anniversary of Tada's launch. The Ministry of Land, Infrastructure and Transport released a statement after this announcement, saying the mobility platform provider's plan was “inappropriate” as it could ignite controversy over su

Oct 8, 2019By Jun Ji-hye
Tada's expansion plan hits snag on gov't opposition
Tech & Science

Naver to offer 'influencer search' service

Naver CEO Han Seong-sook delivers her keynote speech during Naver Connect 2020 at InterContinental Grand Seoul Parnas, Tuesday. / Courtesy of NaverBy Jun Ji-hyeNaver will begin offering an “influencer search” function, enabling users to enter keywords in the search engine to return results including a variety of content created by influencers, the company said Tuesday. The new function comes at a time when social media influencers, including beauty influencers, have been on the rise, leading ideas and trends in various sectors. The nation's largest internet portal operator announced the plan during Naver Connect 2020, an annual event aimed at sharing the company's achievements over the past year and its future plans with creators, small business operators and advertisers.Naver CEO Han Seong-sook said its influencer search service has been designed for media creators who have consistently created quality content.“Influencers will be able to select keywords they want to input in the search engine,” Han said. “Any influencers who have good content can parti

Oct 8, 2019By Jun Ji-hye
Naver to offer 'influencer search' service
Tech & Science

Samsung- LG spat spreads to clothes dryers

By Jun Ji-hyeThe ongoing spat between Samsung Electronics and LG Electronics over 8K televisions has expanded to clothes dryers after Samsung claimed its products beat LG's and moved to the top spot in July in the domestic dryer market.LG Electronics shot back, saying Samsung's announcement came from an “unreliable” source.On Sunday, Samsung Electronics issued a press release, saying, “Samsung's dryer garnered a market share of more than 50 percent in July and has since continued to maintain the top place in the domestic market.”But Samsung did not disclose a source for the data or an exact figure. It did not disclose the gap in market shares between its product and LG's, either.The tech giant instead stressed that the product's distinguished methods of drying clothes and manually cleaning the condenser have been well-received by consumers.Samsung Electronics' Grande dryer / Courtesy of Samsung ElectronicsThe domestic dryer market has been dominated by LG Electronics. According to data compiled by market researcher Euromonitor International, LG secured a marke

Oct 7, 2019By Jun Ji-hye
Samsung- LG spat spreads to clothes dryers
Tech & Science

Ex-teacher raising public interest in women's soccer

By Jun Ji-hyeJeon Hae-rim, who taught physical education at a middle school for four years, quit her stable job in February to work on creating and promoting interest in women's soccer.She has since organized various events related to the women's sport both online and offline, hoping that consistent public interest in soccer will help female players train and participate in competitions in a better environment.Jeon Hae-rim“I had dreamed of becoming a physical education teacher for a decade, but decided to quit four years after that dream came true as my goal of focusing on education for students was hampered by too much administrative work,” Jeon said in an interview with The Korea Times. “I wanted to take on more diverse challenges as I have a lot of interest in sport, music and many other cultural areas.”Jeon currently operates the Facebook Page, “All About Women Soccer,” uploading various content she creates, including interviews with female soccer players.She taught herself how to edit video clips to create the content.Her Facebook Page has mor

Oct 7, 2019By Jun Ji-hye
Ex-teacher raising public interest in women's soccer
Companies

GS Caltex exports knowhow of operating gas stations to Vietnam

Huh Cheol-hong, second from left, vice president of GS Caltex Business Innovation, and Hur Joon-hong, center, executive vice president of GS Caltex Lubricants Business, pose with Nguyen Van Canh, third from left, president of Petrolimex Saigon, after a meeting at Petrolimex Saigon's office in Ho Chi Minh City to discuss their business agreement in this photo provided by GS Caltex, Friday. / Courtesy of GS CaltexBy Jun Ji-hyeGS Caltex will export its knowhow of gas station operations including its IT service infrastructure and other related technologies to Vietnam to help upgrade the Southeast Asian country's gas station operations, the Korean company said Friday.Toward that end, GS Caltex, a major oil refiner and core subsidiary of GS Group, signed a business agreement recently with Petrolimex Saigon, a subsidiary of the Vietnamese state-owned oil company Petrolimex.Petrolimex is Vietnam's top oil company in terms of sales, operating more than 5,200 gas stations. It is the only company that operates gas stations in all 58 provinces and five municipalities of Vietnam. Petrolimex has a

Oct 2, 2019By Jun Ji-hye
GS Caltex exports knowhow of operating gas stations to Vietnam
Tech & Science

5G roaming service in Europe

Models promote fifth-generation (5G) roaming services that KT launched in three European countries on Saturday. The telecom company joined Italy's TIM, Switzerland's Sunrise and Finland's Elisa in commercializing the service. / Courtesy of KT

Sep 22, 2019By Jun Ji-hye
5G roaming service in Europe
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