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Tue, April 24, 2018 | 12:00

Economy > Economic Essay Contest >

Essay awardees propose fresh ideas for 4th Industrial Revolution

College writers of award-winning English economic essays suggested fresh ideas in their writing about Korea’s preparation for the Fourth Industrial Revolution and for the economic success of the upcoming 2018 PyeongChang Winter Olympic Games. On Monday, The Korea Times held an awards event for the 13th English Economic Essay Contest, sponsored by Woori Bank.

Economic Essay Contest | 2017-11-14 17:45

2017 Economic Essay Contest for University Students

Economic Essay Contest | 2017-07-18 14:50

Essay awardees suggest advice for banks

Advice on strategies for domestic banks amid the rapidly changing financial environment dominated this year’s English Essay Contest hosted by The Korea Times and sponsored by Woori Bank. Six winners of the 12th annual contest were awarded during a ceremony at the Lotte Hotel in Seoul, Wednesday. In their essays, the awardees emphasized that no bank is 100 percent sure about w...

Economic Essay Contest | 2016-11-16 17:05

[Commendation Award] New role of banks as digital financial adviser

Innovative technology is prompting “a big blur” in the world of finance, blurring the existing boundaries between financial service companies and IT companies.

Economic Essay Contest | 2016-11-15 17:21

[Runner-up Award] Banks well-suited to lead changing financial environment

The first Korean currency was issued more than a thousand years ago. Back then, not much money was in circulation because nobody had faith in the value of currency. People could trade goods instead, so there was no urge to start using cash.

Economic Essay Contest | 2016-11-15 17:18

[Grand Prize] Korean investment banking industry in need of deregulation, consolidation

Korea has been able to nurture and develop some of the largest and most profitable companies in the world. Samsung, LG, Kia, and Hyundai are brands that have influence all over the world. However, the one significant sector where Korean companies are lacking on the global stage is banking.

Economic Essay Contest | 2016-11-15 17:15

[Commendation Award] Banks' strategies towards development of fintech

The prima facie analysis of the rise of financial technology, or fintech, has altered the financial environment in the traditional banking industries by providing alternative strategies and business models in financial sectors.

Economic Essay Contest | 2016-11-14 17:28

[Commendation Award] Don't change for the best; be best at change

Modern banking has come a long way since the days of 17th century goldsmiths earning storage fees off people who just wanted a safe place for their precious metals.

Economic Essay Contest | 2016-11-14 17:25

[Grand Prize] Challenges of banks facing the next wave of technology innovation

The growth of technology has significant implications for banks. The traditional interaction model between bank and customer has been rapidly transformed as mobile phones get equipped with more and better functionality, and this trend seems to even accelerate its speed as the technology is developed at faster pace than ever.

Economic Essay Contest | 2016-11-14 17:23

Wealth management emerging as growth driver for banks

Advances in technology have generated a more sophisticated approach to examine the patterns of information, simple or complex. Understanding such “big data” or gigantic data sets has enriched daily lives from preventing diseases to combatting crimes. Financial sectors remain no exception. Banks now better understand their clients’ financial motives and interests through revie...

Economic Essay Contest | 2015-11-09 18:37

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Missile attack on Syria