Finance Ministry holds video conference with overseas personnel to discuss raw material prices, supply

The Ministry of Finance and Economy held a video conference with officials stationed abroad on Tuesday to review global policy responses amid heightened uncertainty over raw material prices and supply following the Iran war.

2026-04-14

Repeated short-term market curbs fail to tame housing market

Upward pressure on Seoul’s housing market is intensifying despite stricter tax measures. A decline in listings amid higher tax burdens is pushing up prices.

2026-04-11

BOK flags stagflation risk in worst-case Iran war scenario

The Bank of Korea (BOK) said that a worst-case escalation of tensions in the Middle East could tip the economy into stagflation and held the benchmark interest rate steady for a seventh straight meeting.

2026-04-10

Korea's national debt reaches new high, prompting domestic fiscal health concerns

Korea's national debt topped 1.3 quadrillion won ($86 billion) in 2025 for the first time, raising concerns over domestic fiscal health. The nation's debt rose by 130 trillion won in just a year.

2026-04-06

Lee urges Assembly support for supplementary budget response to economic 'crisis'

President Lee Jae Myung’s first policy speech of the year, delivered more than a month into the Iran war, was defined by a single word: crisis.

2026-04-02

Economic think tank states that oil prices are unlikely to return to pre-Iran war levels

Oil prices are unlikely to return to pre-Iran war levels under any scenario of Middle East tensions and could climb to $174 per barrel in the event of a wider conflict, according to the Korea Institute for International Economic Policy (KIEP).

2026-04-02

Seoul launches new consultation body of top finance officials for macroeconomic response

A new policy consultation council of the country's top finance officials kicked off Wednesday in a bid to bolster cooperation among economy-related authorities in devising macroeconomic policies amid heightening global uncertainties.

2026-04-01

Prime minister to focus on policy implementation, safety, economy ahead of June local elections

Prime Minister Kim Min-seok said on Tuesday that he will focus on policy implementation, safety and the economy ahead of the June local elections.

2026-03-31

2027 fiscal policy to pursue AI transformation, potentially reach $529 billion

Korea will pursue an expansionary fiscal policy next year to accelerate a major transition centered on AI, the government said on Monday, with spending potentially approaching 800 trillion won ($529 billion).

2026-03-30

FSC vice chair outlines gov't plan to shift to equity investment, spur regional growth

Korea aims to shift its economic model away from real estate-driven growth toward one centered on equity investment under a more trusted capital market environment, Financial Services Commission Vice Chairman Kwon Dae-young said Wednesday.

2026-03-25

korea joongAng daily