Lee Kyung-min
Korea Times AI content 2 team Reporter
Value context and insight. lkm@koreatimes.co.kr
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Economy
Discussion on inheritance tax cuts takes shape
Calls to revise Korea’s world-high inheritance tax rate of up to 60 percent are expected to gain traction, with the number of those subject to the tax soaring nine-fold over the past two decades.
Nov 25, 2023
Economy
Students honored for offering insights into role of generative AI in the financial industry
The Korea Times awarded seven winners of the 19th English Economic Essay Contest for university students, at the award ceremony held at Lotte Hotel Seoul, Thursday.
Nov 23, 2023
- Economic Essay Contest Convergence of generative AI and banks: Innovation in emotion, safety, and convenience
- Economic Essay Contest How commercial banks can use generative AI to meet and exceed customer expectations
- Economic Essay Contest Redefining banking in Korea: Beyond interest to integrated ecosystems
- Economic Essay Contest Our bank will be your lifetime partner...and find the perfect match for you!
- Economic Essay Contest Role of generative AI in revolutionizing commercial banks
- Economic Essay Contest Banking bytes: Unpacking the potential of generative AI in banking services
- Economic Essay Contest Leveraging digitalization and innovation to diversify business portfolios for banks
Economy
Financial groups' share prices stifled by president's 'mutual growth' drive
Shares of top local financial groups and their bank subsidiaries are unlikely to rebound for the time being, hobbled largely by the “mutual growth” drive of President Yoon Suk Yeol, both the ruling and opposition parties, as well as financial authorities, market watchers said Wednesday.
Nov 22, 2023
Economy
Snowballing debts weigh on companies, households
Korea’s corporate debt in the non-financial sector relative to the country’s GDP grew at the second-fastest rate in the world as of September, a major warning sign for the economy already known for the fastest-growing level of household debt for the past four years straight.
Nov 20, 2023
Economy
Hana Financial establishes fund to foster promising ventures, startups
Hana Financial Group has established a private parent fund of 100 billion won ($77 million), in an effort to foster venture equity funds in Korea's private sector, the group said Monday.
Nov 20, 2023
Economy
Korean investors turn bullish for China’s pharma, bio, EV industries
Local investors net bought 28 billion won ($21.5 million) worth of Chinese pharmaceutical, biotechnology and electric vehicle (EV) shares this month, extending a net purchase of what they judge are undervalued, high-growth players, according to market watchers, Friday.
Nov 17, 2023
Economy
Yang Jong-hee takes helm of KB Financial Group
KB Financial Group shareholders passed a motion to appoint Yang Jong-hee as the new group chair, Friday, with an overwhelming 97.52 percent approval rate.
Nov 17, 2023
Banking & Finance
Korean economy expected to grow 2.2% next year: IMF
The Korean economy will strengthen gradually in the second half to reach a growth rate of 1.4 percent in 2023, lifted by a recovery in chip exports and tourism, the International Monetary Fund (IMF) said. The country's economy is expected to grow 2.2 percent next year.
Nov 17, 2023
Economy
AI poses greater risks to highly educated, high earners: BOK
The jobs of doctors, accountants, asset managers and lawyers are more likely to be replaced by artificial intelligence (AI), compared to workers in the face-to-face service industries, a central bank report said Thursday.
Nov 16, 2023