Korea Joongang Daily
Korea JoongAng Daily

Economic booster shot

People walk through the alleys of Namdaemun Market in central Seoul on June 22.

2025-06-22

Will foreigners get Korea's stimulus money? Here's what we know so far.

The Korean government is considering a $9.6 billion stimulus voucher program, but foreign residents are awaiting clarification on their eligibility.

2025-06-20

In shift, president appears open to income-based 'livelihood support' stimulus

President Lee Jae Myung suggested support for a hybrid approach to “livelihood support payments,” calling for universal distribution with differentiated amounts based on income — a departure from his previous advocacy for a flat-rate payout.

2025-06-17

Second supplementary budget to include emergency relief payments for all

The Korean government plans to distribute emergency relief payments to the entire population as part of its second supplementary budget, with an emphasis on supporting low-income households.

2025-06-16

Single vote in Tuesday's election worth at least 75.84 million won

One way to estimate the value of a single vote is by dividing the total national budget the president will oversee during their five-year term by the number of voters.

2025-06-02

Korea's airline industry has diametric Q1 with LLCs hit by forex turbulence

Korea’s airline industry posted sharply divergent results in the first quarter, as long-haul routes and a rebound in cargo helped full-service carriers to record-high sales, while low-cost carriers suffered due to the weak won.

2025-05-18

Trump agenda hits speed bump in U.S. Congress as hard-liners revolt

A Republican push to advance U.S. President Donald Trump's sweeping tax bill through Congress appeared to hit a roadblock on Thursday, as hard-line conservatives demanded deeper cuts to Medicaid in exchange for their support in a key procedural vote.

2025-05-16

Gov't to execute 70% of extra budget within three months to support economy

The government will execute 70 percent of the recently passed 13.8 trillion-won ($9.9 billion) extra budget within three months to boost the local economy and support export companies amid global trade uncertainties, the Finance Ministry said.

2025-05-08

Parties agree to pass nearly $10 billion extra budget for 2025

The ruling People Power Party (PPP) and the main opposition Democratic Party (DP) agreed on Thursday to pass a 13.8 trillion won ($9.6 billion) supplementary budget for 2025.

2025-05-01

Acting president calls for swift passage of extra budget proposal without political considerations

Acting President Han Duck-soo called on the National Assembly on Friday to swiftly pass the government's extra budget proposal without "political considerations."

2025-04-18