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Kim Jae-kyoung

Korea Times Business Planning Reporter

I’m currently managing director of Content and Business Planning at The Korea Times. Before I took the current position in early 2024, I served as managing editor in charge of both paper and online for over three and a half years. In 2015-2018, I worked as Singapore correspondent covering ASEAN nations.

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Economy

Suk ― CEO of action with interesting story

By Oh Young-jin CEOs can be categorized into thinkers and doers. One category is not necessarily better than the other. Oftentimes, corporate leaders, as those in other parts of society, come with a combination of both characteristics. By this standard, Suk Wi-soo, Volvo Construction Equipment and president of its Asian operations, may as well belong to the category of doers. But if you spend more than 10 minutes talking with him, you will certainly find that it is not all action that has taken him to the top of his field. If I gave a heads up about my recent one-hour interview with him at the conference room of his company in Seoul, his early life reminded me of a scene from a Korean chapter of “The Adventures of Tom Sawyer,” or at least his upbringing in a rural area where he showed what he was meant to be. That part comes later. First, it was a booming voice I heard waiting for him to arrive for the interview. It was hard to distinguish what was being talked about but the voice of the man was loud enough to give me a start. So I asked a group of PR officers

Jan 15, 2012By Kim Jae-kyoung
Economy

Adoption of M2M, it’s no longer an option

By James Hyung-tae Im Recently, I was on my way to a M2M (Machine to Machine Intelligence) seminar when I had an interesting thought pop up in my head as I drove through a highway tollgate. The “Hi-Pass” machine on my windshield prompted “The toll is 950 won” as I cruised freely through, leaving behind a trail of cars lined up to pay cash at the toll booth. It was a testament to the ultimate convenience and impact that IT technologies bring to our daily lives. It was also a testament to the growing pervasiveness of M2M machines around us. The simplicity and effectiveness of services like this belies the vast amount of complex network infrastructure, M2M devices, GPS systems and data platforms necessary for its servicing. My imagination raced on. I started wondering “How large is the volume of data processed, stored and analyzed in the “Hi-Pass” system at this moment?”“ If it were to be integrated with other M2M services such as traffic message channel (TMC) to provide real-time traffic information, how much data storage and processing capabilities would be needed?” The qu

Jan 15, 2012By Kim Jae-kyoung
Economy

Machine and future society

Communication via machines to change corporate and consumers’ lives The common area to focus the most on reported by “The Top 10 Leading Technology Trends in the Year 2012” by Gartner, the international IT market research company, and “The Eight IT Mega Trends in the Year 2012” selected by Samsung SDS is Machine to Machine Intelligence (M2M). The future Internet will accommodate increasing communication speed and various access devices simultaneously to confront the rapidly expanding needs of users while evolving through the convergence of existing infrastructure and Information and Communication Technology (ICT). M2M Presently M2M means communication between a machine or a human-operated device and another machine. In other words, it is a service to connect and deliver information intelligently between humans and machines, or machine to machine by providing appropriate sensors and communication features. Overseas, it is referred to as the “Internet of Things” due to the feature of assigning Internet addresses to things that connect wirelessly. According to the article e

Jan 15, 2012By Kim Jae-kyoung
Economy

‘Glocalization’ leads Volvo’s drive in Asia

Changwon plant has become example for group’s factory operations Sweden-based firm to focus on BRIC markets Korea’s construction equipment market expected to shrink 10% in 2012 By Kim Jae-kyoung Over the past few years, a lot of major Korean companies, including Samsung, Hyundai and LG, have globalized successfully, emerging as a major force on the world scene. Their products have been exported everywhere and you can easily find Korean products overseas. Now they are trying to go one step further to become truly multinational firms through “glocalization.” The term is a combination of the words “globalization” and “localization” used to describe a strategy to sell products and services globally but manage each operation based on the local market’s practices and culture. Glocalization sounds easy but it is difficult to implement it as global standards often conflict with local culture and practices. Against this backdrop, companies are seeking ways to customize content to appeal to individuals in different locations. There are several successful glocalization cas

Jan 15, 2012By Kim Jae-kyoung
  • Suk ― CEO of action with interesting story
Economy

Ensuring success in brand transformation

By Kim Youl-lee Google, Apple, Nike, Louis Vuitton… just a few of the names on any list of top global brands. These companies demonstrate without question that a brand can drive tangible financial impact and increase value for employees, customers, and shareholders. Building a strong brand is not an end in itself but rather a means to an end ― a means by which a company is able to drive customer loyalty, sales, profit, and shareholder returns. Executives looking for new avenues of growth or a turnaround in financial performance are often wise to consider a brand transformation as one component of their strategy. For example, Hilton Hotels & Resorts executed a brand transformation in the face of intensifying competition. In recent years, mid-segment, full-service hotel brands have faced a daunting competitive threat. A so-called focused-service segment has presented a new value proposition: excelling in the execution of the basics while offering complimentary core services, all at a 25 to 50 percent lower price. All full-service brands have sought to stem the loss of guest n

Jan 8, 2012By Kim Jae-kyoung
Economy

Understanding 'brand benefit ladder'

How to enable the organization to translate strategy into reality By Boston Consulting Group Brand transformation can anchor a growth or turnaround strategy, driving customer loyalty, profit, and shareholder returns. However, the strategic investment decisions required to shape and strengthen the brand must be tackled with rigor and discipline: debated by the most senior executives, grounded in data-driven insights, and embedded throughout the organization. A robust approach to branding synthesizes a variety of consumer insight sources ― including qualitative interviews, quantitative market research, internal financial information, and competitive landscaping ― in a systematic process. A data-driven approach to brand transformation requires that executives first understand what drives consumer choice in the product category and then translate that understanding into the core elements of the brand. To accomplish this, the BCG suggests “brand benefit ladder,” a tool commonly used by marketers to describe how specific product benefits layer to support one another in de

Jan 8, 2012By Kim Jae-kyoung
Economy

Economic, market and industry outlooks Business Focus Forum

In the spirit of the New Year, we invited 16 world-renowned economic experts and business leaders to hear their insights. Most expect turbulent times ahead but they indicate that opportunities are also awaiting us. In short, the New Year will be a contrast of challenges and opportunities. Please have a good grasp of what 2012 will look like from our forum _ ED. [Korean economy] Three key risks for Korean economy [Korean market] Korean market may bounce back in the second half [Global economy] Asia will stay the course of its rapid ascendency [Global market] What will be the decisive factors for global markets in 2012? [Management strategy] 2012: the year of emerging-market multinationals [Banking] Navigating uncharted territories [Telecommunications] More smartphone, more cloud computing and more innovation [Technology] Cloud computing to dominate technology sector [Entertainment] Time to support entertainment in Korea [Regulation] Step up monitoring of capital flows [G20] G20 facing bumpy road ahead [Agriculture] Food security a collective global

Jan 1, 2012By Kim Jae-kyoung
Economy

2012 outlook: bracing for confidence crisis

To mark the beginning of 2012, we have prepared three in-house analytical pieces to visualize the landscape for the global economic, financial market and business trends this year. At the same time, we asked 16 economic experts and business leaders about what forces will drive the business world this year. — ED. By Kim Jae-kyoung A new year has just begun. People both here and abroad may feel more worried than thrilled about the start of the Year of the Dragon due to numerous challenges surrounding the global economy and financial markets. It is likely that “confidence crisis” will be the keyword of 2012 as triple negative shocks from Europe, the U.S. and emerging economies are expected to combine to set the global economy back again and undermine investors’ confidence, which many believe will prod investors into switching out of emerging economies. In 2008, the financial crisis triggered by the collapse of U.S. investment banks shook the world. It mutated into an economic crisis in 2009 and is now sweeping through the global economy in a form of fiscal crisis due t

Jan 1, 2012By Kim Jae-kyoung
  • Weathering bear market in 2012
  • 2012 Business converge, connect and collaborate
  • Economic, market and industry outlooks Business Focus Forum
Economy

Reinventing business model

Shinhan chairman sees urgency to adopt matrix scheme By Kim Jae-kyoung For financial CEOs, now is probably the most challenging time to run a business. It is not because there are many challenges to address but because there is an urgency to rethink their strategies and reinvent business models to ensure business sustainability. The 2008-2009 global financial crisis has changed the landscape for the global financial market and consumers’ attitude toward financial services. First of all, the crisis has exposed hidden flaws of financial companies, which has called for them to reform their corporate governance structures and to play a bigger role as a corporate citizen. Secondly, with the pace of change getting faster, consumers are looking for new things all the time. With growing popularity of smartphones and consumers getting more educated, they have been more selective about financial services. Finally, the barrier between financial industries has been blurring as customers want to get all-in-one services at one place no matter where they visit. For example, they want

Dec 25, 2011By Kim Jae-kyoung
  • Power of Han’s hands
Economy

Human capital metrics: fueling smart decision making

By Keri Alletson As companies reexamine their growth strategies, understanding and improving workforce productivity is essential. But to ensure they’re making the right decisions about allocating limited resources for the greatest impact, senior executives need reliable data ― the right data. Leading multinational companies are turning to human capital metrics (HCM) and workforce analytics to provide crucial business insights. By taking five fundamental steps, they’re harnessing new technology and improved measurement methods to make complex decisions about people, gauge the effectiveness of their HR function, and assess the return on their investments in people and programs. Organizations that overlook human capital metrics and workforce analytics could miss an opportunity to sharpen their competitive edge. No HR investment, no business benefit This real-life story illustrates why HCM’s time has come. To start the process of improving talent retention, the chief executive officer of a multinational company in the financial services sector asked HR for data on employee h

Dec 25, 2011By Kim Jae-kyoung
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