Korea Joongang Daily
Korea JoongAng Daily

Moon's New Deal gets a 2.0 overhaul

The Moon Jae-in administration wants to turbocharge its Korean New Deal initiative, promising greater spending and a new focus on the social safety net. The government promised to boost investment from 160 trillion won to 220 trillion won.

2021-07-14

You’re no Roosevelt

If a nation faces a major crisis, what is most required of a head of state? Helio Fred Garcia, a renowned leadership communications expert, advises leaders to first tell facts to the people to help them comprehend the situation...

2021-05-02

Moon gets creative with New Deal as funds are established

Culture and entertainment companies are to be supported by a 35 billion won ($29.8 million) government Covid-19 fund next year in an effort to make up for creative output that was lost during the pandemic

2020-09-24

I've got two words for you: Biodegradable plastic

Waste from packaging — plastic, vinyl and Styrofoam — is overwhelming the environment as delivery booms in the age of Covid-19.

2020-09-23

Government to create 15 smart green industrial complexes

The government plans to invest a total of 3.2 trillion won ($2.7 billion) in developing smart green industrial complexes by 2025. The government is aiming to increase the number of smart green industrial complexes to a total of 15 by 2025.

2020-09-17

A strange fund

The idea of devising a principal-protected fund is as incongruous as wishing to drink hot and iced coffee at the same time, observed a financial expert upon the government’s announcement of a new 20 trillion won ($17 billion)...

2020-09-07

Overly grandiose

On Thursday, chairmen of Korea’s 10 major banking groups, including Shinhan and KB, gathered at the Blue House for the first time in history to participate in a Korean New Deal meeting presided over by President Moon Jae-in....

2020-09-03

Overly grandiose (KOR)

On Thursday, chairmen of Korea’s 10 major banking groups, including Shinhan and KB, gathered at the Blue House for the first time in history to participate in a Korean New Deal meeting presided over by President Moon Jae-in....

2020-09-03

Gov't sets hopes high on New Deal investments

The government announced a 20 trillion won ($16.8 billion) Korean New Deal fund for the next five years. The government including state-owned financial companies will contribute 35 percent of the fund and 65 percent from the private sector.

2020-09-03

Record-breaking 2021 budget proposed by government

A record budget of 555.8 trillion won ($469.8 billion) has been finalized for 2021 by the government. That is 8.5 percent more than the budget in 2020 and 2.4 percent higher than the original amount proposed in June.

2020-09-01