Woori Bank has supported the Economic Essay Contest since 2005 to encourage university students to contemplate the role and effects of the economy and finance in their daily lives. / Korea Times

The Korea Times economic essay contest attracted some 1,300 submissions not only from Korea but also from overseas, which were carefully screened to narrow the selection down to 250 finalists. In this first phase, the committee initially looked for a good command of English and the correct use of grammar before considering the content.

The judges gave top marks for a writer’s ability to express ideas coherently and in a logical fashion that read easily.
For the entrants whose essays aimed to offer insight into Korea’s role on the international stage ahead of G20 Seoul Summit, special regard was given to those who showed an understanding of the structural nature of the issue, and in doing so came up with practical suggestions to make improvements.

The large number of countries represented in the submission pool reflects the progress Korea has made on the world stage and also signifies the expanding global reach of The Korea Times.

Our sincere congratulations go not only to the talented prize winners, but to all of the finalists who demonstrated an in-depth knowledge of their subjects and entered excellent essays in the contest.