Korea Joongang Daily
Korea JoongAng Daily

Government plans to increase, diversify Korea's startup ecosystems to promote balanced growth

The government will designate 10 cities to serve as major hubs for startup ecosystems by next year in a bid to promote balanced regional growth and create more jobs for young people, the Ministry of Finance and Economy said Friday.

2026-04-24

BOK chief, finance minister vow enhanced policy coordination amid ongoing Middle East crisis

The new governor of the Bank of Korea (BOK), Shin Hyun-song, and Finance Minister Koo Yun-cheol agreed Thursday to strengthen policy coordination amid heightened market volatility stemming from the ongoing Middle East crisis, the central bank said.

2026-04-23

Finance Ministry discusses tariffs' restricted influence on financial markets

Korea's top financial authorities said Monday the U.S. Supreme Court's decision on tariffs had only a "limited" impact on global financial markets, noting that sector-specific duties on automobiles and steel remain in place.

2026-02-23

Korea's economic recovery continuing despite uncertainties, says Finance Ministry

Korea's economy continues to be on the path to recovery, supported by stronger domestic demand and a solid performance in the semiconductor sector, despite ongoing uncertainties, the Finance Ministry said Friday.

2026-02-13

Gov't to extend fuel tax cut by another 2 months until April

Korea will extend its temporary fuel tax cut for an additional two months through the end of April in a bid to ease the financial burden on consumers amid ongoing volatility in global oil prices, the Finance Ministry said Thursday.

2026-02-12

Finance Ministry divided into two separate bodies in gov't reorganization

The finance ministry was formally divided into two separate ministries on Friday, with a newly established body taking over the government's budget planning functions.

2026-01-02

Gov't to issue $1.39 billion in Treasury bonds for retail investors in 2026

The Finance Ministry said on Tuesday it will issue 2 trillion won ($1.39 billion) in government bonds for individual investors next year.

2025-12-30

11th-hour deal keeps trains running as rail workers' union, Finance Ministry come to agreement

A nationwide rail workers' strike was averted on Tuesday after the Ministry of Economy and Finance approved a plan to raise performance-based bonuses for the Korea Railroad Corporation, effectively ending the standoff without service disruptions.

2025-12-23

Gov't to relax forex liquidity regulations to push U.S. dollars into market

The government will relax foreign currency liquidity regulations for banks and exporters and urge securities firms to curb overseas investment promotions in an effort to push more U.S. dollars into the market and slow the won's prolonged decline.

2025-12-18

Korea's forex crackdown on exporters raises concerns of gov't overreach

Experts warn that the government's move to “closely monitor” major exporters in case they hoard dollars may not only fail to achieve its goal but could also risk intervening in management decisions.

2025-12-12