Articles by Son Ji-hyoung
Son Ji-hyoung
consnow@heraldcorp.com-
[Herald Interview] Once labor-intensive, shipbuilders in race for digital transformation
SINGAPORE -- Traditional methods for cost efficiency in the labor-intensive field of shipbuilding and marine engineering will give way to digital solutions that are already quietly permeating the industry, Craig Hayman, CEO of UK industrial software developer Aveva, said in a recent interview with The Investor.“Shipbuilding firms are now focused on reducing labor (costs) associated with the construction and the number of hours put into designing them,” Hayman said, adding that South
Technology Sept. 19, 2019
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Aveva to upgrade integrated industrial software in digital push
SINGAPORE -- UK-based industrial software developer Aveva said Tuesday it plans to introduce its newly integrated industrial software by November in its digital push to streamline large-scale projects.The news comes amid the UK company’s push for software integration following its merger with French multinational firm Schneider Electric’s industrial software business in March 2018. Since the merger, Aveva has strived to bring together its design, engineering and construction capaciti
Technology Sept. 17, 2019
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How can startups solve Seoul’s urban problem with AI, IoT?
South Korean capital Seoul is one of the most tech-savvy cities in the world, and this has allowed the startup community here to brim with solutions to tackle its problems.For startups honing their tech capacity, ranging from ultrafine dust management to household waste treatment and fire prevention, the forthcoming tech event hosted by the Seoul Metropolitan Government, Start-Up Seoul: Tech-Rise 2019, could be a chance to gain access to venture investors and corporate representatives.As part of
Technology Sept. 1, 2019
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Seoul aims to be global innovation launchpad, prepares to host 3-day tech event
South Korea’s capital city plans to host a tech event Sept. 4-6 in a bid to redefine itself as an innovation launchpad for foreign entrepreneurs, the Seoul Metropolitan Government said Tuesday. “Start-Up Seoul: Tech-Rise 2019” will feature keynote speeches and panel sessions by global startup ecosystem experts, as well as a pitching competition, a demo day and seminars. These will take place at four locations in the city, including Dongdaemun Design Plaza and the Seoul Startup
Technology Aug. 27, 2019
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[Herald Interview] Whynot Media CEO talks about origin, appeal of web dramas
The rise of YouTube in Korea poses a dilemma for content houses.The platform lowers the entry barrier for producers, spurring competition and interest, but also allows hobbyists to vie with professional productions."We are living in an era where a 9-year-old kid can generate and distribute online content and make a business out of it,” Lee Min-seok, co-founder and CEO of web content production startup Whynot Media, said in an interview with The Investor.“The question is what con
Technology Aug. 5, 2019
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Expressway plans spark safety concerns for Namiseom tourist boats
People living and doing business on Namiseom, a popular tourist site in Gangwon Province, are voicing doubts about plans to build a new expressway to mitigate heavy traffic between Seoul and Chuncheon, the second-largest city in the province by population.Their main concern is that tourist boats could crash due to a new bridge that would be constructed over the Bukhan River, a Han River tributary that runs through both North and South Korea, then westward to the Yellow Sea. The bridge would cut
Social Affairs July 14, 2019
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[Herald Interview] Aspiring entrepreneurs discuss startup ecosystem
From a student’s perspective, tech-savvy South Korea might be just the place to make a promising start as an entrepreneur.But it also has its limits, despite the unprecedented level of support and attention being paid to the startup ecosystem here, according to Korean students who took part in a two-day hackathon in Finland in June, jointly organized by the Seoul-based Korea Startup Forum and Helsinki-based Junction.Three of them sat down with The Korea Herald to talk about what&
Technology July 2, 2019
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Freelance platform operator Aroundus raises W880m seed funding
Aroundus, a South Korean startup operating a platform that matches freelancers with employers, said on July 1 it has raised 882 million won ($761,700) in seed funding from venture capital investors. The funds have come from Shinhan Capital, Shinhan Investment and Korean startup accelerator D.Camp. Since launching in July 2018, the number of subscribers for Aroundus’ Korean web service surpassed 14,000 last month. “We recognized Aroundus’ capacity to think out of the box t
Technology July 1, 2019
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Retired MLB pitcher hopes to give back as SparkLabs partner
Retired Major League Baseball pitcher Park Chan-ho is hoping to have a good influence on the South Korean startup ecosystem and give back to society as a venture partner of Seoul-based global accelerator SparkLabs.“I’m glad I was given a chance to have a virtuous influence on startups,” Park said in a press conference on Wednesday. “Young entrepreneurs are brimming with passion and dreams. I think I can share with them my experience and know-how (as a former professional
Market June 26, 2019
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Entrepreneurs should learn how to hire and fire: Altos Ventures
YEOSU, South Jeolla Province -- For a startup to grow, entrepreneurs should learn how to hire decent staff and fire bad apples, said Han Kim, managing director of Silicon Valley-based venture capital firm Altos Ventures on Friday.“When we decide to engage in a follow-up funding round for our portfolio startups, the most critical factor is the entrepreneur’s capability to bring in more talent, along with the courage to sack employees or board members who are unfit for our goals,&
Market June 23, 2019
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S.M. Entertainment pressed to answer activist shareholder’s demands
S.M. Entertainment, South Korea’s largest K-pop powerhouse by market cap, is at a crossroads having to decide on taking action ahead of a deadline issued by an activist investor to merge with another firm owned by founder and Executive Producer Lee Soo-man.S.M. must respond by Thursday to these and other demands by KB Asset Management, which has publicly called on Like Agency -- a private company owned by Lee -- to be merged with the entertainment firm in order to keep intact the corp
Performance June 18, 2019
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[Herald Interview] KIS Vietnam to become first foreign brokerage to launch covered warrants in Vietnam
HO CHI MINH, Vietnam -- In Vietnam, one of the fastest growing economies in the world, investors have been searching for ways to hedge risks in times of equity market volatility. Last year, the benchmark index on Ho Chi Minh Stock Exchange (Hose) slipped 9.3 percent, while that of the development board fell 10.8 percent.One alternative they found was the derivatives market. Among the many instruments, they pounced on covered warrants -- a publicly traded product that allows investors to make lev
Market June 12, 2019
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Exit Daejeon announces W14.2b startup funding agreement
DAEJEON -- Startups from across South Korea, global startup community leaders and representatives of Daejeon Metropolitan City flocked to Daejeon Convention Center Thursday to mark the end of the three-day Exit Daejeon 2019 event. Located some 140 kilometers south of Seoul, Daejeon served as a venue where local startups were given an opportunity for more international exposure. In the meantime, global startup community organizers like Slush and Junction, as well as early-stage startup investors
Technology May 23, 2019
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Global startup community leaders take Daejeon by storm
DAEJEON -- All eyes are on Daejeon, South Korea’s fifth-largest metropolitan city, as it moves to put together leaders of the global startup community through Exit Daejeon 2019.The three-day conference, also known as Global Startup Festival Daejeon, kicked off at 2 p.m. Tuesday at the Daejeon Convention Center, hosting some 300 participants in this city some 140 kilometers south of Seoul.“Here in Daejeon, we have a wonderful set of communities already in place with the best universities based in
Technology May 21, 2019
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[EXIT DAEJEON 2019] Chaebol to play key role in hardware renaissance: HAX founder
Cyril Ebersweiler, the founder and managing director of hardware accelerator HAX, is out to create a startup-driven hardware renaissance. And in his view, Korea has much potential. “We’ve been quite familiar with the Korean ecosystem and did a few investments there. I think it’s one of the most dynamic ecosystems in the world, and it is doing better than some of its Asia counterparts, while providing a decent market locally for Korean companies as well as quality manufacturing,” said Ebersweiler
Technology May 20, 2019
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