BOK to step up monitoring of prices amid high living costs

The central bank said on Wednesday that it will closely monitor consumer inflation given high living costs, though it projects inflation to gradually trend down near 2 percent.

2025-12-31

As pensions fall behind low-income stipends, experts urge reform

The average monthly payment from the National Pension Service (NPS) has fallen below the minimum living stipend guaranteed under the National Basic Living Security Act, a shift analysts say underscores the urgency of pension reform.

2025-11-24

Key inflation indicator is down — but not at Korean dinner tables

The Consumer Price Index has stabilized to around 2 percent over the last year, but consumers are not feeling it when it comes to food, with consumers choosing to purchase cheaper alternatives as prices rise.

2025-07-08

Koreans do want children — but 1 in 2 say they can’t afford them

More people around the world are giving up on having children — not because they don’t want them, but because they simply can’t afford to raise them, a new United Nations report says.

2025-06-10

U.S. raises issue with Korea's restrictions on beef imports, LMOs, map data transfer in trade talks

The United States has called for a resolution of Korea's restrictions on beef imports, living modified organisms, overseas transfer of map data and other nontariff measures in their latest trade negotiations, government sources said Sunday.

2025-06-01

Lowest income class' food expenses rise 40% over 5 yrs amid inflation

Food expenses for the lowest income class in Korea rose nearly 40 percent over the past five years as soaring food inflation placed a heavier financial burden on low-income individuals, government data showed Sunday.

2025-03-02

Memoir 'Two Women Living Together' to have English publications in Britain, U.S.

Local best-selling memoir “Two Women Living Together” (2019) is set for an English language publication, signing deals with British and American publishers, according to local publisher Promunhak on Tuesday.

2025-02-12

5,400 won for cupbap? Food vendors claim weak won makes price hikes 'inevitable'

Food and beverage companies, citing a weakened won and rising ingredient costs, have recently raised prices, with potential for further increases if the currency remains low.

2025-02-06

Weave Suites - Sunyu Parkside touts luxury serviced living in Seoul — without the jeonse requirement

Sachin Doshi, founder and CEO of Weave Living, sees an opportunity for his company to provide luxury premium serviced apartments in Seoul.

2024-12-10

Living the high life in Weave’s new serviced apartments in Seonyudo

Weave Living, an Asia Pacific living sector specialist, will open Weave Suites — Sunyu Parkside in Seoul on Dec. 3.

2024-12-03

korea joongAng daily