Korea Joongang Daily
Korea JoongAng Daily

BOK cuts interest rate to 3% in surprise move

The Bank of Korea (BOK) slashed its key interest rate by 25 basis points to 3 percent on Thursday during its final rate-setting meeting of the year. The widely unexpected move marks a second consecutive month of a 0.25 percentage point reduction.

2024-11-28

Ringing in the holidays with the Salvation Army

A volunteer rings a bell as part of the Salvation Army's fundraising activities on a street in Myeong-dong in Jung District, central Seoul, on a snowy Wednesday.

2024-11-27

Korean exports to grow 1.8% to $697 billion in 2025: KITA

Korea's exports are projected to gain 1.8 percent on year to reach $697 billion next year, a Seoul-based trade association said Wednesday, amid uncertainties stemming from former U.S. President Donald Trump's second term starting in January.

2024-11-27

Gov't to open checkbook for chip infrastructure as Trump change looms

The government will shoulder more than half of the 1.8 trillion won needed to build semiconductor infrastructure as the industry prepares for a frosty approach by the incoming Donald Trump administration.

2024-11-27

Births in September soar 10% as fertility rate inches up

September posted the biggest on-year jump in births in 13 years with 20,590 babies born, but the state statistics agency cautioned against inferring a recovery as deaths still outnumbered births.

2024-11-27

Korea's business sentiment worsens in November

Korea's business sentiment worsened in November amid growing concerns over weak growth momentum due partly to sagging domestic demand, a central bank poll showed Wednesday.

2024-11-27

Korean companies consider options in response to Trump tariff threat on Mexico-made goods

Korean companies with manufacturing bases in Mexico are scrambling to prepare for U.S. President-elect Donald Trump's plan to impose a 25 percent tariff on imports from Mexico at the start of his second presidential term.

2024-11-27

Fertility rate projected to reverse eight-year slide at 0.74 children per woman

Korea's fertility rate is projected to rebound to 0.74 children per woman after sliding continuously since 2015, according to the Presidential Committee on Aging Society and Population Policy.

2024-11-26

Korea’s consumer sentiment declines on export fears and Trump policy uncertainty

Korea's consumer sentiment fell in November as concerns have risen over slowing exports and uncertainties stemming from expected policy changes of the new Donald Trump administration, a central bank poll showed Tuesday.

2024-11-26

Korea’s business confidence stays low as domestic and global risks loom

Korea's business sentiment index remained pessimistic for December due to concerns of weak domestic demand and external risks, a poll showed Tuesday.

2024-11-26