Park Jae-hyuk is a seasoned journalist who has provided comprehensive coverage of South Korea's corporate dynamics, economic policies, industry challenges and the global positioning of Korean companies. Based on the articles he has written since joining The Korea Times in 2016, his investigative approach has helped readers understand corporate governance, economic trends and business strategies shaping South Korea’s economy.
Preventing illegal residency
Vo Ngoc Anh Thu, left, the first Vietnamese student who satisfied the tightened visa requirements that came into effect Oct. 1, poses with a Woori Bank employee at Seoul Global Center in downtown Seoul, Sept. 27. The new rule requires Vietnamese students to deposit at least $10,000 into a Korean commercial bank account that allows withdrawal of 5 million won ($4,400) every six months. Woori said Wednesday she selected the bank to follow the new rule which aims to prevent illegal foreign students from overstaying their visas. / Courtesy of Woori Bank
By Park Jae-hyuk