Korea Joongang Daily
Korea JoongAng Daily

Korean economy 'on recovery path,' but Middle East conflict raising risks, gov't says

Korea's economy remains on a recovery path, but downside risks are increasing due to the situation in the Middle East, the Ministry of Finance and Economy said Friday.

2026-03-20

Lee calls for cooperation between big firms, SMEs for sustainable growth

President Lee Jae Myung on Tuesday urged big companies to cooperate with small and medium-sized firms, saying that such cooperation should promote sustainable economic growth in the long term.

2026-03-10

Economy recovering from H1 downturn despite uncertainties

The Korean economy is recovering from a downturn in the first half of the year, supported by improved domestic demand and a solid performance in the semiconductor sector, despite uncertainties, the finance ministry said Friday.

2025-12-12

Search operations resume for four missing workers at Ulsan tower collapse site

Rescue workers resumed search operations Tuesday after demolishing two boiler towers that had obstructed efforts to locate four workers trapped in last week’s collapse at Ulsan Thermal Power Plant in Ulsan.

2025-11-11

DP, gov't agree to raise disaster recovery budget following data center fire

The government and the ruling Democratic Party agreed Wednesday to increase next year's budget to help with recovery efforts for emergency disasters in the wake of a major fire at a state data center in September.

2025-11-05

Recovery exceeds 50 percent following state data center fire

More than 50 percent of the government's online administrative services affected by a fire at a state data center last month have been restored, authorities said Saturday.

2025-10-19

Wounded young veterans share stories of hardship and new beginnings

Four young veterans who suffered serious injuries during military service shared their stories of recovery and determination at a lecture series at Yeongdeungpo Art Hall in Yeongdeungpo District, western Seoul.

2025-08-10

Coupons strip Olive Young shelves bare

Display shelves at an Olive Young store in Seoul stood nearly empty on July 27.

2025-07-27

President Lee designates six regions as special disaster zones after rains

President Lee Jae Myung on Tuesday designated six regions severely impacted by recent torrential rains as special disaster zones, enabling them to receive additional government assistance for recovery efforts.

2025-07-22

Show us your money

People walk past a convenience store in Seoul, with a sign reading “Consumer recovery voucher store” on July 13.

2025-07-13