Korea Joongang Daily
Korea JoongAng Daily

Eximbank, officials from 11 embassies strategize on critical mineral supply chains

Officials from 11 embassies gathered at the Export-Import Bank of Korea (Eximbank) on Monday for the Critical Minerals Roundtable to strategize on ways to secure the supply chains of critical minerals amid the ongoing crisis in the Middle East.

2026-04-28

Surging import costs put businesses, consumers in almost unprecedented inflation squeeze

The cost of imports is surging on the back of an oil shock and a weakening won, raising concerns about a broadening inflation squeeze on businesses and households — even if the conflict in the Middle East eases.

2026-04-15

U.S. metal tariff adjustments will vary depending on export item, says ministry

Korean industries will see mixed impact from the United States' adjustment of metal tariffs as the effect will vary depending on export item, the Ministry of Trade, Industry and Resources said Monday.

2026-04-06

Imported vehicle sales surge 34.6% in March driven by EV demand

Sales of imported vehicles in Korea rose 34.6 percent in March from a year earlier, supported by more working days and robust demand for electric vehicles, industry data showed Friday.

2026-04-03

Import prices rise for 8th month in February on rising oil prices: BOK

Import prices increased for the eighth consecutive month in February due mainly to an increase in global oil prices, central bank data showed Tuesday.

2026-03-17

Tesla registrations surge in 2025 as consumer preferences shift

Tesla is reshaping Korea’s import car market, driving new registrations of foreign brands past 300,000 units for the first time last year and accelerating a notable shift in consumer preferences.

2026-02-15

Imported eggs from U.S. to be distributed later this week for price stabilization

The government will begin distributing fresh eggs imported from the United States later this week as part of efforts to stabilize domestic egg prices, which have increased due to the recent spread of avian influenza.

2026-01-26

Korea's coffee imports exceed 2 trillion won for 1st time in 2025

Korea imported over 2 trillion won ($1.38 billion) worth of coffee last year, breaching the 2 trillion won mark for the first time in its history largely due to a hike in global prices and a weak Korean won, data showed Sunday.

2026-01-25

Import prices rise for 6th month in December on weaker won: BOK

Import prices increased for the sixth consecutive month in December, despite a decline in global oil prices, due largely to the weaker local currency, central bank data showed Wednesday.

2026-01-14

Gov't to import more than 2 million eggs, discount mackerel to stabilize prices

The Korean government will import 2.24 million fresh eggs in an effort to stabilize egg prices, which have surged amid an outbreak of avian influenza. It will also offer subsidies to discount mackerel by up to 60 percent.

2026-01-07