Korea Joongang Daily
Korea JoongAng Daily

Seoul house prices post steepest rise in 6 months, ignite nationwide bump in real estate prices

House prices in Seoul surged in March, recording the steepest rise in six months and driving a nationwide uptick in real-estate prices, according to data released by the Korea Real Estate Board on Tuesday. Last September, it rose by 0.54 percent.

2025-04-15

FTC to probe snack and ramyeon makers for price hike collusion

The Fair Trade Commission dispatched investigators to five major food companies — Nongshim, Orion, Haitai, Lotte Wellfood and Crown Confectionery — to examine suspicions of collusion in snack and instant noodle price hikes.

2025-04-14

Korea's education costs skyrocket to highest since global financial crisis

Education costs in Korea in March saw their biggest increase since 2009 during the global financial crisis, driven primarily by widespread university tuition hikes.

2025-04-07

Data say prices are stabilizing. Consumers beg to differ.

Data from Statistics Korea shows that the consumer price index has remained in the 2 percent range for three months, but consumers report that they still feel squeezed, especially on necessities.

2025-04-06

Hyundai Motor rules out immediate price hikes in U.S. despite tariff scheme

Hyundai Motor has no plans to raise vehicle prices in the United States for now despite Washington's 25 percent duties on automobile imports under U.S. President Donald Trump's "America First" trade policy.

2025-04-03

Cakes nearing 40,000 won as bakeries hike prices

Rising ingredient costs prompt major Korean bakeries to increase cake prices significantly.

2025-03-31

Beer bump: Oriental Brewery hikes its rates

Oriental Brewery will raise beer prices by an average of 2.9 percent.

2025-03-30

Price plummet: Gas drops for sixth week straight

Gasoline prices have fallen for six consecutive weeks.

2025-03-16

Korea's import prices fall for first time in five months in February: BOK

Korea's import prices fell for the first time in five months in February due mainly to falling global oil prices, central bank data showed Friday.

2025-03-14

Producer prices up by most in 17 months in January on oil price hikes

Korea's producer prices rose by the largest margin in over a year last month amid rising global oil prices and the weak local currency, central bank data showed Thursday.

2025-02-20