Korea Joongang Daily
Korea JoongAng Daily

Fiscal deficit hits 56.3 trillion won in first seven months of year

The fiscal deficit continues to grow despite higher tax revenue. According to the Finance Minister on Thursday, in the first seven months of the year, the deficit was 56.3 trillion won ($40.4 billion), up 170 percent on year. When excluding ...

2022-09-15

Consumer prices rise above 4%

Consumer prices grew 4.1 percent in March, the fastest rate in a decade, fueled by Russia's war on Ukraine. In response, the government is cutting a fuel tax by 30 percent starting in May.

2022-04-05

Franchises suffered and flourished during pandemic

Many franchised chains blossomed through the pandemic thanks to take-out orders.

2022-03-22

Kepco suffers record operating loss of 5.8 trillion won

Korea Electric Power Corp. posted a net loss of 5.25 trillion won last year due to raw material price hikes, the company announced.

2022-02-27

Big tax take boosts prospects for supplementary budget

According to the Finance Ministry on Thursday, through November, the government collected 323.4 trillion won in taxes. It had originally forecast 314.3 trillion in taxes for all of 2021.

2022-01-13