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.
Winners of 17th Economic Essay Contest announced

Lee Jae-hyeon, left, and Kyle Wardwell
The Korea Times is pleased to announce the winners of its 17th English Economic Essay Contest for university students written on one of two subjects: “Do you agree with the idea of institutionalizing a basic income system?” or “What are your suggestions for co-prosperity between people and artificial intelligence?”
Lee Jae-hyeon, who is an undergraduate studying at KAIST's Department of Bio and Brain Engineering, and Kyle Wardwell, an MBA student at Sungkyunkwan University's Graduate School of Business won the Grand Prize awards.
Each will receive 3 million won and an award plaque.
The runners-up were Hwang Jee-seon, who studies international relations at Seoul National University, and Koh Woo-sung, who studies economics and computer science at Yonsei University.
Each will receive 2 million won and an award plaque.
Commendation awards went to Samuel Wilson, a George Mason University Korea student specializing in conflict analysis and resolution, and Lee Yoon-ki, a student of Hanyang University's School of International Studies. Each will receive 1 million won and an award plaque.
They will receive the awards at a ceremony on Nov. 30 at Lotte Hotel Seoul. Their essays will be published in that day's edition of The Korea Times.