KoreaTimes(231) - Economic Essay Contest, Finance, page 7

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Finance

Economic Essay Contest

Sat, April 17, 2021 | 02:55

What services do you want most from Korean banks?

While Korean banks have many acknowledgement-worthy aspects, the system is, however, not a perfect one. From the viewpoint of a foreigner living in Korea, I believe that there are some opportunities for improvement.

2012-11-12 19:49

A Foreigner's Expectations from Korean Banks

New employees at Woori Bank make bread and noodles at a branch of the Red Cross in Seoul earlier this month. / Courtesy of Woori By Subedi Prasad NetraBanks are institutions for management of valued financial resources. With the increased scope of monetary transactions through banks and its ATM counters, the quality and coverage of services are under “acid tes...

2012-11-12 19:45

Finnish lenders offer model of customer service

Nokia mobile phones, Angry Birds games, Xylitol gums, Santa Claus Village, and sauna. These are some of the contributions made in a country, Finland. There is yet another contribution that Finns have brought to the world; Finnish banking service. Banking service in Finland is known to be the most advanced model of its kind, according to a survey by IMD business school in Swit...

2012-11-12 19:40

Winners of 8th Economic Essay Contest

The Korea Times is pleased to announce the winners of the 8th English Economic Essay Contest for University Students on a subject related to Korean banks’ customer services.

2012-09-27 20:35

[Grand Prize] Fortress Korea: struggle with foreign investment

Korea’s state developmental model, dubbed the Miracle on the Han, transformed a skeletal, starved Korean economy into a robust global player in a single generation. This purely Korean enterprise, made possible by the industriousness and ingenuity of its people, generated a historically unsurpassed sense of national pride and confidence.

2011-10-30 20:31

[Grand Prize] Impediments to Korea’s overseas expansion

In order for Korea to achieve continuous economic growth and progress, many believe it is necessary for its companies to expand overseas. There is no one particular reason why it is hard for our companies to expand overseas, but it is rather a combination of multiple factors.

2011-10-30 19:39

[Silver Prize] What will make Korea more attractive?

Korea has become a truly globalized country, displaying a trade openness index of 92.3 percent as of 2008. The Korean economy is now as integrated in as it is tributary of international commerce.

2011-10-30 18:33

[Bronze Prize] Nation branding key to drawing investors

The single most important requisite to Korea’s success in attracting foreign investors is nation branding, pure and simple. The planet serves as a global display case.

2011-10-30 17:43

[Bronze Prize] Lack of brand recognition hinders Korea from reaching global market

Decades prior to China’s coming of age, Korea was the poster child for double-digit growth. In 1999, Korea’s GDP grew at a staggering 10.7 percent and in 2011 Korea’s GDP ranks as the 15th largest in the world at $1.007 trillion.

2011-10-30 17:41

[Bronze Prize] A foreign investor’s perspective

In a 1997 survey by the Far Eastern Economic Review, Korea was rated as the worst place to invest among Asian countries by foreign investors. Despite a strong economy and world-class infrastructure, this mindset among foreigners has not changed as inward foreign direct investment (FDI) in Korea amounted to 2.4 percent of its gross fixed capital formation in 2010. In East Asia...

2011-10-30 17:36

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