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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

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?
Others

Samsung's billboards in Paris

Samsung Electronics began teasing for its “Galaxy Unpacked 2019” event with a billboard in Korean installed in Paris's famous Place de la Concorde, Friday. The tech giant said this and other billboards pay homage to the company's Korean origins. During the event scheduled at San Francisco's Bill Graham Civic Auditorium, Feb. 20, the firm is expected to roll out its next flagship smartphone, the Galaxy S10. Courtesy of Samsung Electronics

Jan 13, 2019By Jun Ji-hye
Samsung's billboards in Paris
Tech & Science

VIDEO Korea successfully flight-tests rocket engine

Korea’s single-stage rocket with 75 tons of thrust is test-launched from the Naro Space Center in Goheung, South Jeolla Province, Wednesday, as part of the nation’s efforts to develop its first space vehicle. / Courtesy of Korea Aerospace Research Institute Joint Press Corps Joint Press CorpsBy Jun Ji-hyeKorea successfully test-launched a first-stage rocket booster powered by a domestically developed engine, Wednesday, paving the way for the development of the nation’s first space vehicle entirely designed and built in the country. The 75-ton-thrust engine was fired up and launched the first-stage rocket at the Naro Space Center in Goheung, South Jeolla Province, at 4 p.m., as part of the country’s long-term project to launch the Korea Space Launch Vehicle-2 (KSLV-2), dubbed Nuri, in 2021.The Ministry of Science and ICT said it achieved an engine burn-time of 151 seconds, which exceeded its goal.It earlier said the test launch would be considered a success if the engine maintained a burn-time of about 140 seconds.The test rocket also reached a maximu

Nov 28, 2018By Jun Ji-hye
Korea successfully flight-tests rocket engine [VIDEO]
Others

Maserati rolls out Levante GTS

A model poses with a Maserati Levante GTS SUV during a ceremony to launch the high end Italian luxury vehicle manufacturer's Levante model in Korea at the Banyan Tree Club and Spa Seoul, Monday. / Yonhap

Nov 26, 2018By Jun Ji-hye
Maserati rolls out Levante GTS
Tech & Science

Mobile carriers turning to media, real estate for new income

By Jun Ji-hyeSK Telecom, KT and LG Uplus are rushing to find new sources of income in the areas of media, real estate, finance and security, to offset the largely-saturated, highly-competitive wireless telecommunication businesses, company officials said Monday.Mobile carriers here have been struggling with worsening profitability due to the Moon Jae-in administration's push to reduce households' telecom expenditures.According to the third-quarter earnings reports announced by SK Telecom, KT and LG Uplus, their operating profit was 901.7 billion won ($807 million), an 8.3 percent decrease from a year ago.The profit has remained below 1 trillion won for five consecutive quarters since the figure was tallied at 1.08 trillion won in the second quarter of last year. Their average revenue per user (ARPU), a representative profitability figure, has continued to drop as well. On the other hand, their media and content business based on their internet protocol televisions (IPTV) has appeared to have grown gradually, becoming a new revenue source.The results were attributed to telecom firms'

Nov 16, 2018By Jun Ji-hye
Mobile carriers turning to media, real estate for new income
Companies

LG Group to reshuffle heads of affiliates

By Jun Ji-hyeLG Group is poised to conduct a major reshuffle of the heads of its affiliates as early as this month to bring fresh talent into the organization under the leadership of new Chairman Koo Kwang-mo, industry sources said Monday.LG Display Vice Chairman Han Sang-beomAccording to data from CEO Score, which tracks corporate management, among CEOs of companies affiliated with the nation's five leading business groups, those at LG Group are the oldest on average at 60.9 years. This raises speculation over a possible generational change during the reshuffle.LG Group has conventionally carried out personnel movements at the end of November, but sources predicted the timing could be moved up this time as Koo, who took the position in June after the late Chairman Koo Bon-moo, his father, passed away in May, appears to be pushing for innovative changes across the group.There are six vice chairmen in LG Group. Among them, the fates of three were decided after Koo became the head of the group.LG Household & Health Care Vice Chairman Cha Suk-yongIn July, he decided that LG Uplus Vi

Nov 12, 2018By Jun Ji-hye
LG Group to reshuffle heads of affiliates
Companies

Blockchain to generate buzz at G-Star 2018

By Jun Ji-hyeBlockchain is set to become one of the hottest topics at global game exhibition G-Star 2018, which will kick off on Thursday in Busan, as the four-day event will feature various lectures and seminars related to the technology.Diverse projects attempting to apply blockchain technology to the game industry will also be displayed during the event at a time when an increasing number of game firms as well as startups are paying keen attention to the technology and moving to nurture it as a future growth engine in response to the Fourth Industrial Revolution.Jang Won-bae, a managing director at NHN Global, will deliver a lecture at the Global Game Conference that will be held on Thursday and Friday as part of the game exhibition. He will speak about what opportunities blockchain technology will bring to game industry.NHN Global is a subsidiary of NHN Entertainment, an online game and services provider. NHN Entertainment has yet to unveil details of its strategy to foster blockchain-related business. Market observers expect the company to speed up its efforts to nurture the bus

Nov 12, 2018By Jun Ji-hye
Companies

Nexon outperforms Netmarble, NCSOFT

By Jun Ji-hyeNexon has become the only major game company here that has boosted its bottom line, while its two main competitors ― Netmarble and NCSOFT ― continued to reel from declining profitability.Kim Jung-ju, Nexon founder and NXC chairmanAccording to its earnings report for the third quarter of the year, announced Thursday, Nexon posted a 238.1 billion won ($211 million) operating profit, up by 4 percent from a year ago. On the other hand, Netmarble and NCSOFT's operating profits for the third quarter stood at 67.3 billion won and 139 billion won, respectively, down by 39.8 percent and 58 percent from a year ago.Owing to its growth trend, Nexon is highly likely to retake the top position this year from its rival Netmarble in the domestic game market.Nexon showed its strength in the mobile and overseas markets, with its sales growing 19 percent and 25 percent in those markets from a year ago, respectively.“The continued popularity of our games such as Dungeon & Fighter and Maple Story has contributed to the result,” a Nexon official said.“Dungeon &

Nov 9, 2018By Jun Ji-hye
Nexon outperforms Netmarble, NCSOFT
Tech & Science

LG Chem hires 3M vice chair as new head

By Jun Ji-hyeLG Chem has named Shin Hak-cheol, a vice chair and executive vice president of 3M, as its new vice chairman and CEO. Shin will replace Park Jin-soo who has served in the position since 2012.It marks the first time for LG Chem to nominate a CEO from outside the company since its foundation in 1947. Shin's appointment will be finalized at a general meeting of stockholders in March. Shin Hak-cheolThe appointment comes as LG Chem's business area has been developing from a wide range of petrochemical products to high-tech materials, components and biotechnology such as new materials, rechargeable batteries, IT, electronic materials and life sciences.The Korean company said there has been a need for a sophisticated and systemized global business operating system due to the globalization of the petrochemical business, the main cash cow of the company, along with the rapid expansion of overseas production and marketing of lithium-ion batteries.The 61-year-old began as a technical service supervisor with 3M Korea in 1984 and joined 3M Philippines in 1995 to become a managing

Nov 9, 2018By Jun Ji-hye
LG Chem hires 3M vice chair as new head
Companies

Shares of LG units hit by falling growth potential

By Jun Ji-hyeSecurities firms have been cutting their target prices for LG Group's affiliates, saying there won't be any big problems in their performances for the short term, but calling into question their future growth potential. Korea Investment & Securities lowered its target price for LG Household & Health Care to 1.42 million won ($1,250) from 1.6 million won, Oct. 19, while KB Securities cut its target price for LG Display to 24,000 won from 28,000 won, Oct. 17.Hana Financial Investment lowered its target price for LG Innotek to 175,000 won from 190,000 won, Oct. 12.Korea Investment & Securities said LG Household & Health Care's operating profit increased by 34 percent in 2015 and 29 percent in 2016, but the rate of increase is expected to slow this year and next year. “The company's operating profit is expected to rise by 14 percent this year and 11 percent next year,” said Na Eun-chae, an analyst from Korea Investment & Securities. “The rate of increase in its performance is expected to slow, and at the same time, the firm has failed to

Oct 22, 2018By Jun Ji-hye
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