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Kim Jae-kyoung

Korea Times Business Planning Reporter

I’m currently managing director of Content and Business Planning at The Korea Times. Before I took the current position in early 2024, I served as managing editor in charge of both paper and online for over three and a half years. In 2015-2018, I worked as Singapore correspondent covering ASEAN nations.

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Politics

ANNIVERSARY SPECIAL Redefining identity, service for next 70 years

A plane soars against the backdrop of the moon on a deepening autumn night, bound for its destination in this Oct. 1 photo in Korea. Just like the plane, The Korea Times vows to soar into a new age of news and content. Korea Times photo by Choi Won-sukBy Kim Jae-kyoung, Kim Ji-sooA paper borne in the tragedy and ashes of the 1950-1953 Korean War in essence is a shout-out of desperation to the world hoping people will listen and focus their attention on affairs taking place on the Korean Peninsula. That was the beginning of The Korea Times, which also served as a medium, a conduit for Koreans to assert their national identity after decades of subjugation and oppression, as well as reporting the news.The Korea Times feels grateful in that we can celebrate the 70th anniversary of our newspaper. Standing and living in one of the greatest periods of uncertainty in humanity's recent times and the changes they portend to bring us, it is with the same sense of desperateness that we reach out to readers on this anniversary. The media industry is now at a critical juncture, with rapid technolo

Oct 28, 2020By Kim Jae-kyoung
[ANNIVERSARY SPECIAL] Redefining identity, service for next 70 years
  • ANNIVERSARY SPECIAL To readers, staff, thank you
Economy

JP Morgan expects Korean economy to contract 1% in Q1

J.P. Morgan Chase headquarters in New York / AFP-YonhapBy Kim Jae-kyoungThe economy will likely contract 1 percent in the first quarter of this year from a quarter ago due to the fallout of the novel coronavirus, J.P. Morgan Chase forecast Friday.In its latest report, the global investment bank said that the key culprit behind its pessimistic outlook was the supply chain disruption from the coronavirus outbreak, which it expects will deal a heavy blow to the country's manufacturing industry.The bank expects the faster-than-expected spread of the virus, and expanded Chinese factory shutdowns, to drag China's first-quarter GDP growth down to 1.0 percent at a seasonally adjusted annual rate quarter-on-quarter, causing Korea's first quarter GDP to contract 1.0 percent.In its previous prediction made before the beginning of the virus outbreak, the bank had expected that the Korean economy would slow to 0.5 percent growth during the first three months of the year.It pointed out that Korea's manufacturing sector is closely linked by supply chain with China, exporting 41 percent of intermedi

Feb 7, 2020By Kim Jae-kyoung
JP Morgan expects Korean economy to contract 1% in Q1
Sports

Closer to Olympic men's football berth

Figure 1South Korea's Lee Dong-gyeong celebrates after scoring a last-minute, winning goal against Jordan during a quarterfinal match in the Asian Football Confederation (AFC) U-23 Championship in Thailand, Sunday. Korea beat Jordan 2-1 and will face Australia in the semifinals, Wednesday. The AFC event is the qualifying competition for the 2020 Tokyo Olympics, with the top three nations securing a spot for the quadrennial event. / Yonhap

Jan 20, 2020By Kim Jae-kyoung
Closer to Olympic men's football berth
Banking & Finance

For overseas investment

Officials from NongHyup Financial Group and Paris-based Amundi Asset Management shake hands during this year's first steering committee meeting at the group's headquarters in Seoul, Jan. 15. At the meeting, they agreed to cooperate to strengthen NH-Amundi Asset Management's overseas investment. Amundi is NH-Amundi's second largest shareholder. Courtesy of NongHyup Financial Group

Jan 20, 2020By Kim Jae-kyoung
For overseas investment
Economy

INTERVIEW 'South Korea doesn't push socialist economic policies'

Finance Minister Hong Nam-ki speaks during an interview with The Korea Times at the government complex in central Seoul, Jan. 10. / Korea Times photo by Shim Hyun-chulGov't to revisit financial hub vision amid HK unrestBy Kim Jae-kyoung, Lee Kyung-minWith the Moon Jae-in administration rolling out a series of measures focusing on redistribution over growth, there has been growing concern here and abroad that “socialism” is permeating into the capitalist South Korea. Many foreign experts, in particular, have criticized Seoul government for tipping the balance of economic policies toward socialism, which they claim violate free market principles and will eventually lead to an exodus of foreign capital.The nation's top economic policymaker, however, strongly refutes this criticism describing the Moon administration's income-led growth policies as an inevitable choice to tackle the ever-deepening issue of polarization and to ensure sustainable growth.“I would disagree with such an argument,” said Finance Minister Hong Nam-ki in an exclusive interview with The Kore

Jan 19, 2020By Kim Jae-kyoung
[INTERVIEW] 'South Korea doesn't push socialist economic policies'
  • INTERVIEW Korean economy expected to bottom out in 1st half
Opinion

'Unity in diversity'

By Kim Jae-kyoungWith the start of New Year 2020, politicians and policymakers have rushed to unveil a lot of lofty pledges to attract voters' minds ahead of the upcoming general election slated for April.They, regardless of their parties and places of origins, are claiming that they are the only qualified candidates to make South Korea a better country by resorting to the rhetoric of political slogans, such as peace, fairness, justice and innovation.In his New Year's address Tuesday, President Moon Jae-in reiterated that his administration will ramp up efforts to make South Korea a fairer country by continuing to push for reform drives aimed at offering better lives for those in lower income brackets.Ironically, despite all of these slogans and pledges, South Korea has become one of the most divided countries in the world, with polarization deepening in all dimensions of our society ― politics, economy, wealth, gender, etc.First, the politics of division has been taking hold. Since the Moon administration took office, the country has been experiencing ever-deepening ideological conf

Jan 8, 2020By Kim Jae-kyoung
'Unity in diversity'
Economy

FSC chief vows to lower entry barriers for 'innovative finance'

Financial Services Commission (FSC) Chairman Eun Sung-soo speaks during a press conference in Seoul, Tuesday. / Courtesy of FSCBy Kim Jae-kyoungThe nation's top financial regulator has vowed to prioritize “innovative finance” in 2020 while taking pre-emptive actions to ensure market stability.At a press conference in Seoul Tuesday, Financial Services Commission Chairman Eun Sung-soo said the regulator will push for regulatory reform to foster innovation in the market.“The financial industry's own innovative developments, such as fintech and big data, will open up a new market in lending and improve a credit screening system contributing to upgrading the quality of innovative finance,” Eun said.“Such efforts will in turn help strengthen 'inclusive finance' by offering funds for small business and independent business owners more smoothly.”Eun said he will make further efforts to lower regulatory barriers to encourage market players to take more chances with innovation.“During my field tour over the past 100 days (since inauguration), I was tol

Dec 17, 2019By Kim Jae-kyoung
FSC chief vows to lower entry barriers for 'innovative finance'
Banking & Finance

Mirae Asset Daewoo globally recognized for social investment

The headquarters of Mirae Asset Daewo in Seoul / Korea Times fileBy Kim Jae-kyoungMirae Asset Daewoo has been recognized for its social investment as one of its public bonds was selected as the “Best FIG (Financial Institutions Group) Bond” among Korean financial firms' overseas bonds at the 2019 Triple A Country Awards hosted by The Asset, the company said Tuesday.The nation's leading brokerage said that the $600 million worth of dollar-denominated dual-tranche (three-year and five-year) public bonds it issued in April was chosen by the global financial magazine.The one with a three-year maturity was the first-ever SRI (Social Responsibility Investment) bond issued by a securities firm, it said.The Asset said the Korean brokerage has continued to offer investment opportunities for SRI bond investors contributing to the growth of the promising market.The magazine added that it gave Mirae high marks for its efforts to diversify maturity structures and issue sustainable bonds and senior bonds at the same time for the first time among Korean firms.“Following a successf

Dec 17, 2019By Kim Jae-kyoung
Mirae Asset Daewoo globally recognized for social investment
Opinion

Rethink strategies for ASEAN

By Kim Jae-kyoungThe Korea-ASEAN commemorative summit is just three weeks away.President Moon Jae-in and his administration must be busy preparing for the summit, which Foreign Minister Kang Kyung-wha says will set a diplomatic milestone with the 10-member economic bloc in Southeast Asia.This will be a crucial opportunity for Korea to upgrade its links with ASEAN as the gathering, scheduled to be held from Nov. 25-27 in Busan, is designed to mark the 30th anniversary of bilateral ties.Over the past three decades, Korea has been strengthening its foothold in the region in economic and cultural terms. Now is the time for the country to rethink its ASEAN strategies to further solidify its footprint there.Both the Korean government and businesses might want to focus on stealing the hearts of the 10 member states' leaders to win new opportunities in rapidly growing markets during the historic summit.For the successful hosting of the summit and further development of bilateral cooperation, however, Moon and his staff should keep in mind a few things before treating guests from Southeast As

Nov 6, 2019By Kim Jae-kyoung
Rethink strategies for ASEAN
Banking & Finance

JP Morgan-led blockchain network growing fast

By Kim Jae-kyoungJ.P. Morgan's blockchain-based payments initiative ― the Interbank Information Network (IIN) ― has expanded dramatically over the past 12 months, as more than 330 banks, including Deutsche Bank, have signed up to be part of it, the U.S. bank said Friday.IIN has also brought more than 65 banks live on the network since launching in 2018.“The intent with IIN was always to develop a meaningful ecosystem of bank users, all focused on harnessing emerging technologies such as blockchain to better address the complex cross-border payments industry,” said John Hunter, Global Head of Clearing for JPMorgan Chase.“In just one year, we've seen IIN scale as well as expand in terms of role and capabilities ― and we are excited at the growth to come.”IIN, originally launched as a pilot in 2017, focuses on minimizing friction in the global payments process, enabling payments to reach beneficiaries faster and with fewer steps.? J.P. Morgan is exploring new applications that can be deployed across the network as well as empowering IIN participant banks to be pa

Sep 22, 2019By Kim Jae-kyoung
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