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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

New OLED plant in Guangzhou

LG Display Vice Chairman Han Sang-beom speaks during a ceremony to celebrate the completion of the construction of the company's new OLED factory in Guangzhou, China, Thursday. The display maker said Friday the Guangzhou factory will focus on producing large-sized OLED panels with an aim of producing 60,000 sheets per month in the initial stage and 90,000 per month by 2021. The company will ramp up the annual production at the Guangzhou factory and its Korean production line in Paju to over 10 million by 2022. / Courtesy of LG Display

Aug 30, 2019By Jun Ji-hye
New OLED plant in Guangzhou
Tech & Science

LG chief visits R&D center

LG Group Chairman Koo Kwang-mo, right, checks a third-generation EV battery pack that LG Chem is developing, during his visit to the LG Chem Research Park in Daejeon, Thursday. His visit comes at a time when large companies here have boosted efforts to develop future technologies and localize key materials and parts following Japan's export regulations. / Courtesy of LG Group

Aug 29, 2019By Jun Ji-hye
LG chief visits R&D center
Tech & Science

Aroundus receives applications for TV Chosun's Mr. Trot

A poster for “Mr. Trot” / Courtesy of AroundusBy Jun Ji-hyeAroundus is receiving applications for TV Chosun's trot singing audition program for men, “Mr. Trot,” the company said Monday. The Seoul-based IT startup offers an online profile-based social job board and online audition platform.“Mr. Trot” follows TV Chosun's mega-hit reality show “Miss Trot” for female trot singers. The program hit record-high viewer ratings among entertainment programs aired by non-terrestrial TV channels this year.This time, TV Chosun's “Mr. Trot” is receiving applications from males aged between 10 and 45 regardless of whether they reside in Korea or overseas. The top prize includes 100 million won ($85,000) in cash and a digital single release among others.Those who are interested can apply through aroundus.com via both mobile devices and PCs.Applications will close on Aug. 15.The startup added it has launched a public voting feature that is receiving votes for “Best Smile” contestants.

Jul 8, 2019By Jun Ji-hye
Aroundus receives applications for TV Chosun's Mr. Trot
Tech & Science

IT startup Aroundus raises $761,700 in seed funding round

By Jun Ji-hyeAroundus, a Seoul-based startup offering a social job board platform for freelance and temporary workers in the media and entertainment industries, has raised 882 million won ($761,700) in a seed funding round, the company said Monday. The IT startup said it closed its seed funding round with Shinhan Capital, Shinhan Investment and Korean startup accelerator Banks Foundation for Young Entrepreneurs last week.Aroundus, founded in August 2016, is a social recruiting and online audition platform based on an open online profile database similar to LinkedIn, but fully optimized for freelance and temporary work in media and entertainment. Users can recruit freelance and temporary workers like performers and production staff and recruit talent by posting auditions and casting calls online. Since launching its Korean version of the web service last July, the number of subscribers has surpassed 14,000, according to the company.

Jul 1, 2019By Jun Ji-hye
IT startup Aroundus raises $761,700 in seed funding round
Tech & Science

Postal workers plan to strike July 9 for 1st time in history

Union members of Korea Post announce the decision to strike on July 9 at the Korean Federation of Trade Unions office in Seoul, Tuesday. / YonhapBy Jun Ji-hyePostal workers here will go on a general strike on July 9 for the first time in the 135 year-history of Korea Post, their union announced Tuesday.The union said 92.87 percent of its union members gave their assent to the strike in a vote conducted the previous day.The union has 28,802 members nationwide. Among them, 27,184 participated in the vote, and 25,247 approved the strike, according to the union. The decision comes after a series of deaths among delivery workers. The union claimed 175 delivery workers have died since 2010, and some of their deaths resulted from overwork. “We can no longer sit by and watch delivery workers dying,” the union said in a statement. “We will go on a strike on July 9 for the first time in the history of the nation's postal services unless Korea Post and the government present proper countermeasures.”The union demands that Korea Post recruit more delivery workers and imple

Jun 25, 2019By Jun Ji-hye
Postal workers plan to strike July 9 for 1st time in history
Tech & Science

'V Live to become global entertainment platform in 5G era'

Park Sun-young, who leads Naver's live video streaming service V Live, speaks during a media conference in Seoul, Thursday. / Courtesy of NaverBy Jun Ji-hyeNaver will nurture its live video streaming service V Live as a global entertainment platform, offering more realistic and immersive viewing experiences in the era of fifth-generation (5G) networks, the company said Thursday.The nation's largest portal operator said V Live will accelerate its global market expansion this year, targeting Vietnam, Indonesia, Thailand and Japan in particular.Park Sun-young, who leads V Live, said during a media event in Seoul that the service has grown rapidly since it was launched four years ago, noting about 30 million users visit the platform monthly. Among them, 85 percent are not Korean. “V Live, equipped with Naver's distinguished live video streaming technology, is a new kind of community service which satisfies users' desire to talk about their favorite stars with others,” Park said. She said V Live will target the global entertainment market with the newly launched “Fanship

May 23, 2019By Jun Ji-hye
'V Live to become global entertainment platform in 5G era'
Tech & Science

Samsung heir meets former US President in Seoul

Samsung Electronics Vice Chairman Lee Jae-yong, right, poses for a photo with former U.S. President George W. Bush at a hotel in central Seoul, Wednesday. / Courtesy of Samsung ElectronicsBy Jun Ji-hyeSamsung Electronics Vice Chairman Lee Jae-yong sat down with former U.S. President George W. Bush in Seoul, discussing the rapidly changing global industrial environment, Samsung said Thursday.The meeting took place at a hotel in central Seoul, Wednesday, upon Bush's arrival in Korea to attend a memorial service to mark the 10th anniversary of the death of ex-President Roh Moo-hyun, his former counterpart, Thursday.During a 30-minute closed-door meeting, Lee, the de facto head of Samsung Group, reportedly sought advice from the former U.S. president about various global issues including the prolonged trade war between the United States and China.He also explained what Samsung was seeking in the rapidly changing environment of the global market.Lee left the hotel, declining to answer reporters' questions about the meeting. Samsung did not disclose details of the discussion, either, only

May 23, 2019By Jun Ji-hye
Samsung heir meets former US President in Seoul
Tech & Science

Kakao fares better than Naver in first quarter

By Jun Ji-hyeKakao has achieved more than expected in the first quarter of the year, while Naver's operating profit continued to fall. The conflicting results of the two prominent IT companies here came because Kakao has begun to generate profit from its new businesses, while Naver is still making aggressive investments in new businesses.Kakao posted 706.3 billion won ($600 million) in sales and 27.7 billion won in operating profit, for the first three months of the year. Kakao Co-CEO Yeo Min-sooThe operating profit of the operator of the nation's dominant messaging app soared 544 percent from the previous quarter and 166 percent from the same period the previous year. Kakao's first-quarter performance was a surprise because it exceeded the expectations of local securities firms. On the other hand, Naver, the nation's largest portal operator, posted 1.5 trillion won in sales and 206 billion won in operating profit in the first quarter. Operating profit fell 3.3 percent from the previous quarter and 19.7 percent from the same period the previous year. Kakao has successfully expanded i

May 10, 2019By Jun Ji-hye
Kakao fares better than Naver in first quarter
Tech & Science

Naver under probe for leaking bloggers' personal information

Naver's ad profit-sharing platform AdPost. / Courtesy of NaverBy Jun Ji-hyeThe Korea Communications Commission is investigating Naver over the recent leak of bloggers' personal information, officials said Sunday.The commission said it will take strict measures if it finds any violations of laws governing the information and communications industry.The investigation comes after a system error occurred on April 30 when the nation's largest portal operator sent AdPost receipts through emails to bloggers subscribed to the platform. AdPost is the firm's ad profit-sharing platform. In those emails, the personal information of other bloggers was accidently attached. The number of victims was estimated at 2,200, while leaked information included their names, resident registration numbers and the amount of payment.“We, together with the Korea Internet and Security Agency (KISA), are investigating Naver regarding details of the incident,” a Korea Communications Commission official said. AdPost is designed to provide expanded monetization opportunities to creators, offering a user-f

May 5, 2019By Jun Ji-hye
Naver under probe for leaking bloggers' personal information
Tech & Science

Will SK hynix take over Magnachip's foundry business?

By Jun Ji-hyeSK hynix is weighing whether to acquire the foundry business and fabrication line of Magnachip, a local semiconductor manufacturing company, industry sources said Wednesday. The envisioned acquisition of the foundry business and factory of Magnachip in Cheongju, North Chungcheong Province, is widely expected to enable the world's second-largest memory chipmaker to secure expanded output and bolster its competitiveness in the non-memory business amid the downturn in the memory chip market.“We are closely watching the situation related to the takeover battle of Magnachip, but nothing has been decided,” an official from SK hynix said. Magnachip, formerly owned by SK hynix, was sold when the firm went through corporate restructuring in 2004.Currently, multiple foreign private equity fund operators, including Brigade Capital Management, own Magnachip with a total 79.41 percent stake.Magnachip specializes in the chip design and manufacturing business. Among the firm's sales, the foundry business, which refers to the contract chip manufacturing service for clients t

Apr 24, 2019By Jun Ji-hye
Will SK hynix take over Magnachip's foundry business?
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