As rising food prices strain household budgets, more Koreans are embracing “recession-style consumption” by turning to cheap buffets, discounted groceries, and at-home drinking in a growing shift toward frugal living.
Young Koreans are favoring stay-at-home dates due to rising living costs. Despite declining dating expenses, interest in marriage consulting is increasing, indicating changing social dynamics among the younger generation.
The government and legislature must unite in legal and policy support for companies and industrial competitiveness during tough times like this.
The government must present a convincing policy mix on real estate based on sufficient supplies to contain the heat.
Amid political battles in the National Assembly, Korea's stock market tumbled Monday due to deepening concerns about the possibility of a recession hitting the United States.
Korean retailers are pushing for voluntary resignations to slim down their workforces amid a prolonged period of tough trading.
Those who prepare for danger can find new opportunities.
Korea’s economy grew 0.3 percent in the first quarter on year, slightly above forecasts.
Politicians must give hope by devising emergency action plans to mitigate the deepening concerns about a lengthy slump.
Korea JoongAng Daily Sitemap
2023-10-31
2023-10-31
