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News
Chuseok preparations begin at Pohang’s Jukdo Market
1+ day, 3+ hour ago (109+ words) One Cut from NEWS1 Rows of dried fish fill a Pohang market alley as families prepare for Chuseok ancestral rites later this month. A participant enjoys a beer at Oktoberfest Seoul 2026 at Oil Tank Culture Park in western Seoul on Sunday....
Korea’s basic pension reform must prioritize sustainability and elderly poverty
1+ day, 6+ hour ago (461+ words) A proposed basic pension overhaul would raise spending while doing too little to cut older adult poverty. The author is an honorary research fellow at the Korea Institute for Health and Social Affairs and chair of Reset Korea Pension Reform…...
Seoul first-time home buying hits six-year high as 30-somethings rush in
3+ day, 20+ hour ago (519+ words) A total of 9,343 purchases by new buyers of residential properties, including apartments, multifamily homes and officetels, were registered. Seoul’s 30-somethings are stretching their finances to the limit to get a foot on the property ladder, as soaring rents and fears…...
Prime minister orders preemptive securing of crude amid rekindled Middle East tensions
4+ day, 8+ hour ago (261+ words) Prime Minister Han Seong-sook ordered officials to secure oil beyond October as renewed Middle East tensions threaten shipping routes and prices. Prime Minister Han Seong-sook instructed economic officials Thursday to preemptively secure crude supplies for the coming months, citing rekindled…...
Bank of Korea weighs further rate hikes as inflation persists
4+ day, 12+ hour ago (409+ words) The central bank said it will assess domestic and global risks as strong growth, elevated inflation and household debt shape its policy path. The Bank of Korea (BOK) said Thursday it will decide the timing and pace of further rate…...
Jeju olives offer a surprising climate change gamble
5+ day, 3+ hour ago (395+ words) As the climate heats up, warmer-weather crops like olives and long-grain rice are showing agricultural potential in Korea, but processing gaps could hamper farmers’ prospects. The author is a professor of agricultural economics and rural development at Seoul National University…...
Are stocks really fairer than real estate?
5+ day, 3+ hour ago (539+ words) A columnist argues that treating real estate as harmful and capital markets as productive overlooks how both can deepen inequality. The author is a professor of sociology at Seoul National University. But while the administration blames real estate for worsening…...
Korea’s 100 trillion won debt bet raises alarms
5+ day, 3+ hour ago (491+ words) A record budget and new "Future Response Fund" will push national debt past 1.5 quadrillion won ($1.12 trillion), leaving taxpayers to bear the eventual cost. The author is the economy news editor at the JoongAng Ilbo. But one entity says that it…...
FTC slaps 3 billion won in fines on six papermakers for rigging bids for agricultural newspaper
5+ day, 9+ hour ago (308+ words) Korea's Fair Trade Commission docked a group of paper suppliers for colluding on prices from 2021 to 2025, and referred two companies to prosecutors. Korea's Fair Trade Commission (FTC) on Wednesday imposed a combined fine of 3 billion won ($2.23 million) on six paper…...
Korea nears $40,000, but young people are left behind
6+ day, 4+ hour ago (314+ words) The semiconductor-led boom could lift Korea into the $40,000 per capita GNI club, but youth unemployment threatens to widen the prosperity gap. Korea’s per capita gross national income (GNI) is poised to exceed $40,000 this year. Corporate earnings have risen sharply on…...