Korea Joongang Daily
Korea JoongAng Daily

Rights groups file petition over foreign residents' cash relief exclusion

Immigrants' rights advocacy groups filed a petition with the state-run human rights watchdog over foreign residents' exclusion from cash relief from the Korean government, according to the National Human Rights Commission of Korea on Tuesday.

2026-04-29

Former first lady given four-year sentence for stock manipulation, bribery in appeals ruling

The Seoul High Court on Tuesday sentenced former first lady Kim Keon Hee to four years in prison, overturning her previous acquittal on charges of stock manipulation and bribery linked to the Unification Church.

2026-04-28

Service sector price hikes outpace overall consumer inflation rate

Laundry bills, haircuts and other everyday service costs are rising faster than headline inflation in Korea as higher oil and materials prices linked to the Middle East war spread through the broader economy.

2026-04-26

U.S. energy exports reach record high amid Iran war disruptions

The United States' energy exports briefly hit a record high after the Iran war disrupted Middle Eastern supply routes, The Wall Street Journal reported Friday.

2026-04-26

Government extends fuel price cap freeze for two more week

The government said Thursday it will maintain the current price ceilings on fuel products for another two weeks, considering international oil prices and demand-side controls.

2026-04-23

Naphtha prices surge 68% in March, driving sharpest producer price hike in 4 years

Naphtha prices surged 68 percent in March, driving Korea’s producer prices to their sharpest monthly increase in nearly four years, the Bank of Korea said Wednesday.

2026-04-22

Prime minister says gov't will decide whether to keep fuel price caps after review

Prime Minister Kim Min-seok said Wednesday the government will decide whether to keep price caps on fuel products after a careful review, as the temporary measure designed to offset price hikes caused by the Iran war is set to expire this week.

2026-04-22

Government's oil price cap fails to curb demand, places financial burden on refiners

The Korean government’s oil price cap is failing to curb demand while placing a growing financial burden on refiners amid volatile global oil prices.

2026-04-20

'Daiso-nization': Market adopts ultra-low-price strategies as inflation ails grow

Consumers are increasingly prioritizing money over value amid worsening inflation, and the overall Korean market is going through a so-called Daiso-nization where retails opt for ultra-low-price strategies.

2026-04-17

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