Korea Joongang Daily
Korea JoongAng Daily

Korea logs deficit in knowledge, culture services trade in 2025: BOK

Korea recorded a deficit in knowledge and culture-based services trade in 2025, due mainly to widening deficits in royalties for intellectual property rights and copyrights, central bank data showed Thursday.

2026-03-19

1 in 4 households log deficit in fourth quarter of 2025 for 6-year high

One in four Korean households spent more than their disposable income in the fourth quarter, pushing the share of deficit-running households to the highest level in six years, government data showed Monday.

2026-03-02

Widening trade deficit, higher prices: Trump tariffs not quite working as expected, U.S. data suggests

Despite U.S. President Donald Trump’s pledge to impose high tariffs to reduce the United States’ chronic trade deficit, the data tell a different story.

2025-12-16

Korea's fiscal deficit surpasses 100 trillion won, marking second-largest shortfall on record

Korea’s cumulative fiscal deficit through September had exceeded 100 trillion won ($68.1 billion), the second-largest shortfall on record after 2020, when the government drafted supplementary budgets to counter the Covid-19 pandemic.

2025-11-13

Korea logs 88.3 trillion-won fiscal deficit in first 8 months of year

Korea's fiscal deficit reached over 88 trillion won ($62 billion) in the first eight months of the year, the finance ministry said Thursday.

2025-10-16

Korea's deficit hits $68.1 billion, the fourth-highest on record

Korea's fiscal deficit reached 94.3 trillion won ($68.1 billion) in the first half 2023, with expectations of a wider shortfall due to a second extra budget and rising national debt concerns.

2025-08-14

July exports increase by 9.5 percent with notable gains in semiconductors and automobiles

July exports started on an upward trend, driven by favorable sales of key items such as semiconductors, automobiles and ships.

2025-07-11

Korea logs 35.5 trillion won fiscal deficit in January-May period

Korea's fiscal deficit reached 35.5 trillion won in early 2023, with total revenue increasing significantly while expenditures grew modestly.

2025-07-10

Korea's fiscal deficit hits $33.6 billion in first four months of 2025

Korea's fiscal deficit reached over 46 trillion won ($33.6 billion) during the first four months of 2025, marking the third-largest shortfall ever recorded for the January-April period, the Ministry of Economy and Finance said Thursday.

2025-06-12

Korea's trade surplus with U.S. halves in April as those of Japan, Taiwan widen

Korea took a bigger blow than Japan and Taiwan from the United States’ “tariff bomb” under President Donald Trump, recent trade data showed, with Seoul’s trade surplus with Washington halving in April while Tokyo and Taipei saw theirs widen.

2025-06-09