Korea Joongang Daily
Korea JoongAng Daily

BOK explores rate cut timing amid slow inflation, rising debts

Korea's central bank froze its key rate for the 12th straight session on Thursday, holding the benchmark interest steady in its longest unchanged streak.

2024-07-11

Former NCT member Lucas to start solo career with single 'Renegade' on April 1

Lucas, formerly a member of boy bands NCT U and WayV, will release his first solo single “Renegade” on April 1. The singer makes his comeback as a musician in over two years and a half since he went on an “indefinite hiatus” in August 2021.

2024-03-11

Catch me if you can

After consumer prices rose 3.8 percent on year in October — the highest surge in seven months — the government has turned to pressuring related industries and companies to freeze the prices of their products.

2023-11-02

Delayed homework means more pain later

The economy cannot afford the luxury of cheap power anymore.

2023-06-22

The long freeze on college tuition backfired (KOR)

The Yoo Suk Yeol administration, which cites education as one of three major reform agendas, must rationalize regulations on tuition with a future-oriented vision for higher education.

2023-05-24

The long freeze on college tuition backfired

The Yoo Suk Yeol administration, which cites education as one of three major reform agendas, must rationalize regulations on tuition with a future-oriented vision for higher education.

2023-05-23

Korea takes a breather on rates and holds them steady

The Bank of Korea kept its policy rate unchanged at 3.50 percent on Thursday in a widely expected move that came as inflation remains stubbornly high and as economic uncertainties linger.

2023-02-23

President approves bill to freeze and donate part of certain officials salaries

President Yoon Suk Yeol will donate 10 percent of his salary to those in need amid concerns over a global economic crisis and inflation.

2023-01-03

South left piled under snow as Seoul misses out on white Christmas

Buildings and farming facilities were damaged, roads were closed and flights were canceled as heavy snow pounded the country’s southern regions over Christmas weekend.

2022-12-25

Boy band TO1 says your life is 'UP2U' in new EP

“I think there are many different types of rascals. This album specifically centers on elite prep school students with a tinge of mischief.” This is what Ji Su of boy band TO1 said about its upcoming EP “UP2U,” which is set to be released...

2022-11-23