Korea Joongang Daily
Korea JoongAng Daily

Critics worry split could leave Finance Ministry 'just a tax agency'

The National Assembly passed a revision to a law on Friday that will split the Ministry of Economy and Finance into two separate entities, weakening the agency's role as a central policymaking control tower.

2025-09-29

Korea, OECD co-host forum on corporate governance of state-owned enterprises

Korea co-hosted an international forum on the corporate governance of state-owned enterprises with the Organization for Economic Cooperation and Development (OECD) in Paris this week, the Ministry of Economy and Finance said Tuesday.

2025-09-23

Gov't to supply record food stocks, expand discounts to stabilize prices ahead of Chuseok

The government said on Monday it will release a record 172,000 tons of major food items and expand discount programs worth 90 billion won ($64.5 million) to help stabilize living costs and boost household consumption ahead of the Chuseok holiday.

2025-09-15

Korea logs 35.5 trillion won fiscal deficit in January-May period

Korea's fiscal deficit reached 35.5 trillion won in early 2023, with total revenue increasing significantly while expenditures grew modestly.

2025-07-10

Gov't, private sector discuss AI-powered drug development

The government held a consultative meeting with private sector stakeholders on Thursday to promote the use of AI in drug development in response to the intensifying global competition in the bio-health sector.

2025-05-15

Korea to inject $2B in emergency aid for tariff-hit auto industry

The government is putting together a 3 trillion won relief package for the auto industry as it grapples with the impact of U.S. President Donald Trump's 25 percent tariffs.

2025-04-06

Korea’s credit rating holds steady despite political unrest

The three major global credit appraisers shared a common view Friday that Korea's credit rating remains stable despite the recent political turmoil, the Ministry of Economy and Finance said.

2024-12-13

Finance minister, BOK chief call for structural reforms to spark growth in first-ever visit

Minister of Economy and Finance Choi Sang-mok and Bank of Korea Gov. Rhee Chang-yong called for structural reforms to address the country’s slowing economic growth on Monday.

2024-09-30

Gov't to push for increased investment to counteract weak domestic demand

The Ministry of Finance will hold meetings with the private sector and corporate organizations to promote investment amid a weak recovery in domestic demand.

2024-09-12

Won-USD exchange market hours will extend to 2 a.m. next month

The won-dollar exchange market trading hours will be extended to 2 a.m. starting July 1, allowing investors in overseas stocks to trade at market rates late into the night.

2024-06-17