Korea Joongang Daily
Korea JoongAng Daily

[Today's Cartoon] 2022.08.31

In the face of triple economic challenges — high prices, a high dollar and high interest rates — the Yoon Suk-yeol administration has decided to slim government spending for next year to bolster fiscal integrity.

2022-08-30

639-trillion-won 2023 budget proposed by Yoon government

The increase is the smallest since the 3.7 percent increase in 2017. When supplementary budgets are included, 2023's budget is lower than 2022's. If would be the first drop in 13 years, unless extra budgets are passed next year.

2022-08-30

National debt climbs to a record 800 trillion won

The government accumulated total debt of 800 trillion won ($715 billion), boosted this year by aggressive spending to battle the economic downturn caused by the coronavirus pandemic.

2020-11-10

Credit ratings matter

The Moon Jae-in administration’s emergency relief grants have been doled out. The money should be a godsend to those without jobs and regular incomes. They can at least buy food and necessities from stores. But that aid could end up a drop...

2020-05-20