Korea Joongang Daily
Korea JoongAng Daily

Trapped in the rigidity of numbers

The government must not save spending and instead must stimulate growth for more tax revenue.

2023-09-20

Incheon landing was turning point for war, nation and world

The landing of over 75,000 UN troops at Incheon from Sept. 15 to 19 rewrote the fate of the fledgling South Korean republic. Today, near the same beachheads where the tide of the war was reversed, modern Incheon stands as a symbol of that success.

2023-09-14

Countering the oil bomb again (KOR)

Although we cannot control the spike in international oil prices, we must minimize losses and change the industry to an energy-saving structure as fast as possible.

2023-09-11

Countering the oil bomb again

Although we cannot control the spike in international oil prices, we must minimize losses and change the industry to an energy-saving structure as fast as possible.

2023-09-10

Trapped in a state-led economy

China’s economic future depends on how the government addresses over-investment and political instability during the transition from a state-led growth model to a market-driven growth model.

2023-09-10

Chinese tourists flock back to Korea in much-needed economic boost

Chinese tourists are filling up the streets of tourist spots and retail shops in Seoul, following the eased regulations on group tours to Korea.

2023-09-10

Korea's GDP growth expected to fall short of 2% in 2024

The growth of Korea’s GDP is likely to linger at 1 percent in 2023 and 2024 according to foreign investment banks JP Morgan, HSBC, Citi, Nomura and UBS, bucking the government’s prediction for an economic rebound in the second half of this year.

2023-09-08

IMF tips hastened economic recovery for Korea

The International Monetary Fund (IMF) has said Korea's latest restrictive monetary and budget policies are headed in the right direction and anticipated the economy will speed up recovery in the second half, Seoul's finance ministry said Tuesday.

2023-09-05

Key economic indicators fall in July amid global uncertainty

Korea saw a trio of key economic indicators — industrial output, retail sales and facility investment — fall in July, as the effects of an economic downturn in China and sluggish automobile sales kick in.

2023-08-31

Climate change fuels inflation, threatens food industry

Extreme heat and abnormal climate are slamming global economies, fueling inflation.

2023-08-31