Korea Times AI content 1 team Reporter
Yoon Ja-young is in charge of articles translated by a generative AI system and edited by The Korea Times. She is interested in improving the newspaper through AI.
The middle class in Korea does not consider themselves as such. The affluent see themselves only as average, and the average regard themselves as low-income. A recent report from the Korea Development Institute (KDI), titled "Who are Korea's Middle Class?" illustrates these attitudes.
The Export-Import Bank of Korea (Eximbank) established a small forest filled with the Korean national flower (Hibiscus syriacus) in Seoul's financial district of Yeouido to create a healthy urban ecosystem.
Woori Financial Group is recruiting teenagers from multicultural families to participate in its “global language and culture experience” program in Vietnam.
Vice Finance Minister Kim Byoung-hwan, center, poses with Citigroup Vice Chairman Jay Collins, second from left, and Citibank Korea CEO Yoo Myung-soon, fourth from left, before their meeting at the government complex in downtown Seoul, Thursday. Courtesy of Ministry of Economy and Finance
Hyundai Card Vice Chairman and CEO Chung Tae-young, right, smiles with CJ Olive Young CEO Lee Sun-jung, April 29, after the two companies signed partnership agreements in diverse sectors, including the issuance of private label credit cards (PLCCs) and collaboration in branding, marketing and data science. CJ Olive Young is the 19th PLCC partner of Hyundai Card, following brands in various industries such as airlines, cars, search engines, fashion, video games and leisure. Courtesy of Hyundai Card
Public Procurement Service (PPS) Administrator Lim Ki-keun delivers a speech at the East Asia and Pacific Regional Public Procurement Forum in Seoul, Tuesday. Jointly held by the PPS and the World Bank, the three-day forum kicked off on Tuesday with the participation of over 110 procurement experts from 18 countries in the region and from multilateral development banks such as the World Bank, the Asian Development Bank and the Islamic Development Bank. Korea is to share at the forum its experiences in sustainable public procurement, such as fostering the ecosystem for the growth of small and medium-sized enterprises, efforts for carbon neutrality including green certification and policies aimed at assisting the socially vulnerable, as well as using cutting-edge technologies such as artificial intelligence and big data in public procurement. Courtesy of PPS
The investment is part of Hanwha’s plan to leap from the life and general insurance business to banking in Indonesia, getting closer to its goal of becoming a “Global Integrated Financial Group.” It chose Indonesia, which has both a growing economy and population, as a major base for expanding into the Southeast Asian market.
Export contracts worth $30.62 million were concluded through the Export Plaza held in concurrence with the Korea Public Procurement Expo 2024, according to the Public Procurement Service of Korea (PPS).
Procurement experts from around the world gathered in Korea to share global trends and best practices in government procurement, at the International Public Procurement Workshop 2024 held at KINTEX in Ilsan, Gyeonggi Province, from Wednesday to Friday.
"Sports teach us the spirit of fair play, which is about doing one's best without cheating, a sense of community where one prioritizes the team over the individual, respect for all participants including opponents, teammates and coaches and perseverance that makes one continue to challenge with patience despite difficulties," Kyobo Life Insurance CEO and Chairman Shin Chang-jae said at the Homecoming Day for the athletes, held at the Four Seasons Hotel in downtown Seoul, Tuesday. The life insurer has been sponsoring the event for 40 years.