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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

Bank of Japan's hawkish pivot won't affect Korean economy much, analysts say

The Bank of Japan's (BOJ) hawkish pivot could boost near-term growth for Korea's semiconductor, automobile and shipbuilding industries that are in competition with their Japanese counterparts, experts said Wednesday.

Mar 20, 2024By Lee Kyung-min
Bank of Japan's hawkish pivot won't affect Korean economy much, analysts say
Economy

Hana Financial to operate around-the-clock child care centers to help tackle Korea's low birthrate

Hana Financial Group allocated 30 billion won ($22 million) to operate 50 child care centers nationwide over the next five years, including three around-the-clock facilities, the group said Wednesday.

Mar 20, 2024By Lee Kyung-min
Hana Financial to operate around-the-clock child care centers to help tackle Korea's low birthrate
Economy

Will BOK expand forward guidance?

The case for the Bank of Korea implementing expanded forward guidance is strengthening, propelled by the growing need to forestall prolonged economic slowdown, a byproduct of sustained elevated interest rates. More specific forecasts from the central bank's rate-setting monetary board members can help limit market uncertainties.

Mar 19, 2024By Lee Kyung-min
Will BOK expand forward guidance?
Economy

Dividend payout ratio comparison between local and foreign banks inadequate: expert

Simply comparing dividend payout ratios between Korean financial groups and foreign banks operating in Korea is a common mistake in approach, an expert said Monday.

Mar 18, 2024By Lee Kyung-min
Dividend payout ratio comparison between local and foreign banks inadequate: expert
Economy

Rise in number of distressed corporate loans fans concerns

The financial soundness of the country’s leading commercial lenders is deteriorating, hobbled by climbing corporate loan insolvencies over the past year, data showed Sunday.

Mar 17, 2024By Lee Kyung-min
Rise in number of distressed corporate loans fans concerns
Banking & Finance

Hana Bank Daejeon branch offers cultural space spot for middle-aged citizens

Hana Bank opened Hana 50+ Culture Bank, a space dedicated to enriching cultural and educational experiences for middle-aged citizens in Daejeon, the bank said Sunday.

Mar 17, 2024By Lee Kyung-min
Hana Bank Daejeon branch offers cultural space spot for middle-aged citizens
Economy

Banks close ATMs amid rise of open banking

The number and volume of cash transfers mediated by automated teller machines (ATMs) hit their lowest point in the last 19 years due to the increased use of online banking, data showed Wednesday.

Mar 14, 2024By Lee Kyung-min
Banks close ATMs amid rise of open banking
Economy

Apple prices rise to record high, pulling up fresh food inflation

Apple prices have more than doubled over the past year, becoming a major culprit of inflation led by fresh food price hikes.

Mar 13, 2024By Lee Kyung-min
Apple prices rise to record high, pulling up fresh food inflation
Economy

Hana Financial, KB Financial listed as 2023 CDP Honors Club members

Hana Financial Group and KB Financial Group made the 2023 members list of the Carbon Management Honors Club compiled by the Carbon Disclosure Project (CDP), the two said Tuesday. Hana made the list for the fourth consecutive year.

Mar 12, 2024By Lee Kyung-min
Hana Financial, KB Financial listed as 2023 CDP Honors Club members
Economy

BOK becomes more vocal about socially divisive issues

The Bank of Korea (BOK) has undergone a notable shift in research priorities under the leadership of Governor Rhee Chang-yong, no longer hesitating to confront the decades-long challenges of extreme social disparity. 

Mar 12, 2024By Lee Kyung-min
BOK becomes more vocal about socially divisive issues
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