Korea Joongang Daily
Korea JoongAng Daily

Global officials converge on Jeju to discuss pojects under Korea's green growth fund

Officials from Korea and around the world met to discuss Seoul's contribution to green growth under a World Bank initiative.

2024-11-04

World Bank VP Kim Sang-bu pledges to address digital divide

Kim Sang-bu, the newly appointed vice president for digital transformation at the World Bank, pledged Tuesday to address the digital divide between developed and developing nations, highlighting the role of digital technology in poverty reduction.

2024-08-06

Former Googler Kim Sang-bu named World Bank VP in first for a Korean

Kim Sang-bu, a former Google executive, was appointed the World Bank's vice president for digital transformation.

2024-07-30

Korea to share knowledge on digital ID systems with developing nations

Korea and the World Bank have agreed to enhance partnership on digital identification initiatives by sharing expertise and technologies related to Korea's advanced digital ID system with developing nations, the state-run minting agency said Thursday.

2024-04-04

Pay women more to reverse birthrate decline, World Bank urges

Populations need to grow in Korea to ensure a sustainable future, and fair compensation to women is one of the solutions, the chief of the World Bank said Thursday, amid the country’s falling fertility rate.

2024-01-25

Yoon's ODA pledge

President Yoon Suk Yeol, left, shakes hands with World Bank chief Ajay Banga at Yongsan presidential office in central Seoul on Wednesday.

2024-01-24

BOK urges structural reforms to maintain 2 percent growth

Bank of Korea (BOK) Gov. Rhee Chang-yong stressed the need for Korea to maintain at least 2 percent growth in the long term through structural reform in the labor sector, and by utilizing female and immigrant workers amid the aging society.

2023-10-13

Korea's GDP growth expected to fall short of 2% in 2024

The growth of Korea’s GDP is likely to linger at 1 percent in 2023 and 2024 according to foreign investment banks JP Morgan, HSBC, Citi, Nomura and UBS, bucking the government’s prediction for an economic rebound in the second half of this year.

2023-09-08

OECD downgrades Korea's growth forecast to 1.5 percent

The Organization for Economic Cooperation and Development (OECD) revised down Korea’s growth forecast to 1.5 percent for this year, citing high interest rates and the weak housing market.

2023-06-07

Finance minister says inflation remains top priority for Korea

Inflation remains the top priority for Korea amid economic uncertainties that are expected to persist through the first half of the year, said Finance Minister Choo Kyung-ho Thursday.

2023-04-14