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

Winners of 19th Economic Essay Contest

The Korea Times is pleased to announce the winners of its 19th English Economic Essay Contest for university students written on one of two subjects: “Unprecedented changes are expected with the full-fledged launch of Al, such as ChatGPT. Discuss how commercial banks may utilize generative Al in benefiting their customers,” and “Banks have traditionally relied on interest margins for their revenue, but they are now trying to diversify their business portfolios with new businesses such as delivery services and used car sales. Suggest fresh ideas for banks wishing to expand their boundaries through business diversification.”

Peter Berkowitz

Peter Berkowitz is the Tad and Dianne Taube Senior Fellow at the Hoover Institution, Stanford University. In 2019-2021, he served as the Director of the State Department’s Policy Planning Staff, executive secretary of the department's Commission on Unalienable Rights, and senior adviser to.

[Life In Korea] Yukta Tyagi from India on being a college student in Korea

Life in Korea is far from the fantasies seen in popular media and as with everywhere else, hard work and preparation is needed, says Yukta Tyagi. “Don’t come here just because you like K-pop and K-dramas. It is not the fantasy land that you see in the shows, and there’s not a Korean 'oppa' walking on the street," she said. The allure of K-pop and K-dramas has drawn many internation.

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