Korea Times Politics & City Reporter
Yi Whan-woo is a Korea Times journalist primarily covering finance. He writes in-depth articles on macroeconomy and financial markets and previously covered sports, politics, diplomacy and inter-Korean affairs, among others. Feel free to contact him at yistory@koreatimes.co.kr.
Korea should be ready for the possibility of U.S. President Donald Trump using the dollar as another tool to pressure major trading partners, in addition to tariffs, under his escalating trade war, analysts said Thursday.
Park Eung-kyu, a factory worker at a medium-sized enterprise, says he feels discouraged whenever he reads news about Korea's increasing wealth, which he believes is not reflected in his much more slowly growing income.
Activist shareholders have been rarely visible ahead of the shareholders' meetings of listed companies later this month, a stark contrast to their active public relations activities in the past few years, industry officials said Tuesday.
The Korea Minting and Security Printing Corp. (KOMSCO) announced on Monday that it has partnered with Hana Bank in a campaign to generate profits by using recyclable materials left over from the production of banknotes and coins.
Export-Import Bank of Korea (Eximbank) Chairman and CEO Yoon Hee-Sung, front right, applauds during a ceremony to mark Eximbank’s issuance and listing of a bond worth $3 billion on the London Stock Exchange (LSE), Friday. The chairman said that the LSE listing demonstrates investors’ “unwavering trust” toward the state-run bank despite political turmoil in Korea, as the company plans to raise approximately $14 billion in 2025. Courtesy of Eximbank
JB Financial Group was named an outstanding listed firm of 2024 for its transparency and credibility in providing corporate information to investors, the company said Thursday.
Kim Dong-min, a manager in his 40s at a Korean conglomerate, says he has been traveling abroad twice a year with his family since the end of the COVID-19 pandemic, even though his wage has not increased much compared to the surging cost of living.
Commercial banks are rushing to cut their loan interest rates following the Bank of Korea's (BOK) latest 25 basis-point cut to the benchmark interest rate, according to industry officials Wednesday.
Kbank has adopted a large language model (LLM) on its path to becoming an artificial intelligence (AI)-powered bank, the internet-only lender said Wednesday.
Kim Kyu-mi, a hairdresser in her 30s with six puppies, says she seriously thinks about hiking the price for her services — from haircuts, perms and styling to other treatments — due to the growing costs of feeding her dogs as a single working woman in Seoul.