Korea Joongang Daily
Korea JoongAng Daily

Producer prices rebound in September on higher fresh produce prices: BOK

Korea's producer prices rose in September, led by higher prices of agricultural and livestock products, and the expiration of temporary cuts in mobile phone and household electricity bills, central bank data showed Wednesday.

2025-10-22

'Breadflation' impacts Korea as bagel prices rise 44 percent in three years

The term “breadflation” — inflation driven by rising bread and pastry prices — is becoming a reality in Korea, with the price of bagels rising 44 percent over the past three years.

2025-10-09

Gov't takes action as rising food prices aggravate inflation's pain

Rising food prices over the past five years have made inflation feel higher for consumers, prompting the government to step in with direct measures.

2025-10-08

Consumer prices rise to 2% in September due to food costs

Korea's consumer prices grew by more than 2 percent in September, returning to the 2 percent range after one month, largely due to rising prices of essential food items, data showed Thursday.

2025-10-02

Lee's comments on food prices gives firms concern about possible gov't action

President Lee Jae Myung’s pointed criticism of rising food prices during recent Cabinet meetings has put Korea’s food and retail sectors on edge. Companies concerned over growing government pressure to refrain from price increases.

2025-10-01

Producer prices fall for 1st time in 3 months in August: BOK

Korea's producer prices fell from a month earlier in August, marking the first drop in three months, due mainly to a sharp decline in mobile phone charges on discounts offered by a major carrier following a data breach incident.

2025-09-23

BOK chief says inflation targeting a 'good' tool to 'shrug off' political pressure

Bank of Korea Gov. Rhee Chang-yong called inflation targeting is a "good" tool to "shrug off" political pressure, as the U.S. Federal Reserve has been under pressure from U.S. President Donald Trump to lower the key lending rate to boost the economy.

2025-09-19

Race to the bottom heats up as retailers lure shoppers with ultra-low prices

Offline retailers are stoking the “ultra-low price” war as the economic downturn fuels frugal consumption, and bargain products are emerging as a core strategy across the retail industry.

2025-09-18

Rate-cut hopes push gold past $3,600 for first time

International gold prices have soared to record highs above $3,600 an ounce, driven by expectations of U.S. rate cuts, persistent inflation and increased demand amid financial instability.

2025-09-09

Gov't plans to build 1.35 million homes in greater Seoul to solve housing crisis

The government plans to break ground on 270,000 new housing units annually in the greater Seoul area through 2030, with the goal of launching construction on a total of 1.35 million homes.

2025-09-07