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The Korea Times

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Economy

Thu, November 30, 2023 | 00:07

Tax breaks for esports proposed after success of LOL World Championship

Tax breaks for esports proposed after success of LOL World Championship

The National Assembly is currently discussing providing tax breaks to companies hosting esports events in Korea. This follows the recent League of Legends (LoL) World Championship in Seoul, which reportedly generated hundreds of billions of won in economic benefits.

2023-11-26 17:01

Korea to closely monitor supply of hydrogen amid looming shortages

Korea to closely monitor supply of hydrogen amid looming shortages

Korea's industry ministry said Friday it plans to closely monitor the supply of hydrogen for automobiles amid supply disruptions in the central region.

2023-11-24 15:04

Korea to sell $2.85 bil. worth of Treasurys in December

Korea to sell $2.85 bil. worth of Treasurys in December

South Korea plans to sell 3.7 trillion won ($2.85 billion) in state bonds next month, the finance ministry said Thursday.

2023-11-23 21:13

Korea's household income grows 3.4% on-year in Q3

Korea's household income grows 3.4% on-year in Q3

Korea's household income grew 3.4 percent from a year earlier in the third quarter, but expenditures rose by a wider margin amid inflation, data showed Thursday.

2023-11-23 13:28

Korea to operate consumer report center on 'shrinkflation' practices

Korea to operate consumer report center on 'shrinkflation' practices

The government will set up a center to receive consumers' reports about corporate downsizing of products while maintaining prices without notice as part of efforts to better protect the people's rights and ease their burdens amid high inflation, the antitrust regulator said Wednesday.

2023-11-22 17:39

[Economic Essay Contest] Leveraging digitalization and innovation to diversify business portfolios for banks

Economic Essay ContestLeveraging digitalization and innovation to diversify business portfolios for banks

Banks are in need of a paradigm shift. Amidst the surge of ?ntech giants, volatile interest rate changes by the Fed, and full-fledged digitalization of consumer banking, Korean banks cannot rely solely on interest margins to generate revenue. To maintain competitiveness in today’s financial landscape, banks need to diversify their revenue streams and maximize non-interest inc...

2023-11-22 16:43

Students honored for offering insights into role of generative AI in the financial industry

Economic Essay ContestOur bank will be your lifetime partner...and find the perfect match for you!

Economic Essay ContestRedefining banking in Korea: Beyond interest to integrated ecosystems

[Economic Essay Contest] Convergence of generative AI and banks: Innovation in emotion, safety, and convenience

Economic Essay ContestConvergence of generative AI and banks: Innovation in emotion, safety, and convenience

Remember Steve Jobs' iPhone announcement in 2007? It was the moment when the phone tool was upgraded as a 'friend' with whom you go to bed. We now enjoy YouTube, Netflix, TikTok and Instagram everywhere through our smartphones. Even though wallets and important meeting materials are often left at home, smartphones never fall out of our grasp.

2023-11-22 16:38

Students honored for offering insights into role of generative AI in the financial industry

Economic Essay ContestHow commercial banks can use generative AI to meet and exceed customer expectations

Economic Essay ContestBanking bytes: Unpacking the potential of generative AI in banking services

Economic Essay ContestRole of generative AI in revolutionizing commercial banks

[Economic Essay Contest] Our bank will be your lifetime partner...and find the perfect match for you!

Economic Essay ContestOur bank will be your lifetime partner...and find the perfect match for you!

The 2008 financial crisis left noteworthy footprints in the history of banking that completely altered the banking industry. The fundamental revenue-earning activity of a commercial bank is garnering deposits from savers and making loans to corporates and households, raking in interest from the borrowers.

2023-11-22 16:36

Students honored for offering insights into role of generative AI in the financial industry

Economic Essay ContestLeveraging digitalization and innovation to diversify business portfolios for banks

[Economic Essay Contest] Redefining banking in Korea: Beyond interest to integrated ecosystems

Economic Essay ContestRedefining banking in Korea: Beyond interest to integrated ecosystems

For decades, banking institutions have been the bedrock of financial stability, largely built on the classical framework of lending at higher rates than they pay to depositors. However, this age-old revenue model based on interest rate spreads is being upended by digital transformations and societal changes.

2023-11-22 16:34

Students honored for offering insights into role of generative AI in the financial industry

Economic Essay ContestLeveraging digitalization and innovation to diversify business portfolios for banks

[Economic Essay Contest] Banking bytes: Unpacking the potential of generative AI in banking services

Economic Essay ContestBanking bytes: Unpacking the potential of generative AI in banking services

Have you ever stood at an ATM and found yourself wondering about the future of banking technology? Might these machines evolve to anticipate our daily routines, such as suggesting a morning coffee based on our transaction history?

2023-11-22 16:23

Students honored for offering insights into role of generative AI in the financial industry

Economic Essay ContestConvergence of generative AI and banks: Innovation in emotion, safety, and convenience

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