Korea Joongang Daily
Korea JoongAng Daily

Gov't to cover extra costs for importing alternative crude supplies

The government will cover additional shipping costs crude importers have to bear when bringing in alternative supplies from regions other than the Middle East, the Ministry of Trade, Industry and Resources said Wednesday.

2026-04-15

'Meatflation' concerns rise as prices jump 30% in March

Livestock prices in Korea are rising sharply, led by a more than 30 percent jump in chicken prices last month, raising fresh concerns that “meatflation” could intensify in the months ahead.

2026-04-15

FTC chief reports that probe into gas station price-fixing is almost complete

Korea's antitrust watchdog will soon complete its investigation of gas station price-fixing and collusion.

2026-04-15

Container shipping costs to major economies see on-month rise in March: Data

Container shipping costs from Korea to major economies, including the United States and the Middle East, rose in March from the previous month, the customs agency said on Wednesday.

2026-04-15

Surcharges ahead

An aircraft takes off from Incheon International Airport on April 13 ahead of the announcement regarding international fuel surcharges.

2026-04-13

Rising costs encourage more people to stay home, change consumption patterns

The uncertain future of the Iran war is pushing oil prices up and keeping people indoors at home and away from their cars, even with the nicer, sunnier spring weather.

2026-04-13

Inflation builds momentum as Middle East conflict drives up gas and goods prices

Inflation is showing increasingly unstable momentum. Prices, which had been gradually rising since the second half of last year amid weakening won, surged after the outbreak of the Middle East conflict in late February.

2026-04-11

U.S. consumer prices soar in March on wartime fuel cost surge

U.S. consumer prices increased by the most in nearly four years in March as the war with Iran led to a record surge in the cost of gasoline and diesel.

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

Fuel surcharges on domestic flights quadruple for Korean Air, Asiana as oil prices spike

Airfares on domestic routes have increased sharply as fuel surcharges have more than quadrupled in a month, driven by soaring global oil prices due to the Iran war, according to disclosures from two major full-service carriers on Monday.

2026-04-06