If circle
\[
x^2+y^2+2x+4y+k=0
\]
lies totally inside third quadrant and point
\[
\left(-\frac12,-\frac12\right)
\]
lies outside circle, then set of all real values of \(k\) is
Show Hint
For circle lying completely inside a quadrant, radius must be smaller than distance of center from both coordinate axes.