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Lee Kyung-min

Korea Times AI content 2 team Reporter

Value context and insight. lkm@koreatimes.co.kr

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Economy

Hana Financial organizes volunteer campaign for visually impaired

Over 100 Hana Financial Group employees and their family members attended a group-organized volunteer campaign to help create portable braille teaching aids for the visually impaired, according to the group, Sunday. Braille is a six-dot code system that can be read by touch.

Apr 28, 2024By Lee Kyung-min
Hana Financial organizes volunteer campaign for visually impaired
Economy

Surging food prices weigh on households

A working mother of two surnamed Kim said having food delivered is no longer an easy option for her.

Apr 28, 2024By Lee Kyung-min
Surging food prices weigh on households
Economy

Banks scale back FX services amid rampant scalping

Currency scalping refers to investors making a small profit after holding a sell or buy position for a very short time.

Apr 26, 2024By Lee Kyung-min
Banks scale back FX services amid rampant scalping
Economy

Wealthy Koreans are twice as happy with life as non-rich: bank report

The richer people are, the more satisfied they are with their life and appearance, a Hana Financial Group report released Thursday showed. Rich people were more likely to appreciate family time and describe themselves as "goal-oriented."

Apr 25, 2024By Lee Kyung-min
Wealthy Koreans are twice as happy with life as non-rich: bank report
Economy

9 in 10 Koreans say married couples should share assets: survey

Over nine out of 10 Korean adults believe married couples should pool their assets, a Kakao Pay survey released Tuesday found.

Apr 24, 2024By Lee Kyung-min
9 in 10 Koreans say married couples should share assets: survey
Economy

BOK rate cut elusive amid high oil prices, plunging won

The prospect of a key rate cut by the Bank of Korea (BOK) is dimming, clouded by global commodity prices volatility, plunging Korean currency and slowing disinflation, market watchers said Tuesday.

Apr 23, 2024By Lee Kyung-min
BOK rate cut elusive amid high oil prices, plunging won
Economy

Opposition-led calls for increased budget raise fiscal soundness concerns

Criticism is mounting against the main opposition party's move to railroad the provision of blanket per capita cash handouts of 250,000 won ($185) across the country.

Apr 22, 2024By Lee Kyung-min
Opposition-led calls for increased budget raise fiscal soundness concerns
Economy

Over 4 in 5 unprepared for post-retirement income drop: report

More than 81 percent of Koreans are not prepared for retirement, a study showed Monday.

Apr 22, 2024By Lee Kyung-min
Over 4 in 5 unprepared for post-retirement income drop: report
Economy

Legalization of spot bitcoin ETFs to gain steam

Discussions on the launch of spot bitcoin exchange-traded funds (ETFs) are poised to take center stage, propelled by the resounding victory of the main opposition Democratic Party of Korea (DPK) in the April 10 general elections. The main opposition ran on a platform that the issuance, listing and trading of spot bitcoin ETFs would be allowed.Further underpinning the optimism is the Hong Kong Securities and Futures Commission’s approved launch of spot bitcoin and ether, April 15 (local time).The Hong Kong development followed Jan. 10 (local time) approval of spot bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC).Many Korean investors are waiting for Korea’s Financial Services Commission (FSC) to join the global craze to the tune of hundreds of billions of dollars this year.However, the FSC has yet to take steps to revise the Capital Markets Act whereby digital coins do not fall within the definition of “underlying assets,” and therefore are not recognized as valid asset classes.The DPK maintains the major financial issue of the party platf

Apr 21, 2024By Lee Kyung-min
Legalization of spot bitcoin ETFs to gain steam
Economy

Will bank, financial group heads’ stock buybacks boost share prices?

The heads of financial groups and banks are rushing to increase holdings of their firm's stocks in a collective effort to boost share prices to maximize shareholder returns, market watchers said Friday. Buying back stocks reduces the number of total outstanding issues, raising dividends per share.

Apr 19, 2024By Lee Kyung-min
Will bank, financial group heads’ stock buybacks boost share prices?
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