Korea Joongang Daily
Korea JoongAng Daily

Gov't considers buying over 6 million barrels of crude oil from foreign refiners in Korea

The Democratic Party (DP) and the government are considering exercising priority purchase rights to secure over 6 million barrels of crude oil from foreign refiners stored in Korea amid the widening conflict in the Middle East.

2026-03-10

Blackpink's Jennie purchases building in Seoul's Yongsan District for $13.8M

Jennie of girl group Blackpink purchased a building near Hannam New Town in Yongsan District, central Seoul, for 20 billion won ($13.8 million) last year, local media and real estate records confirmed Wednesday.

2026-02-11

Overseas stock purchases by Korean retail investors hit record high in November

Korean individual investors' net purchases of overseas stocks reached a new high for a half-month period in November, driven by their aggressive investment patterns, officials said Sunday.

2025-11-16

Gov't aims to enhance tourism transparency with QR code reporting system

Tourists in Korea will soon be able to fight back against price gouging with a simple scan. The government announced on Tuesday that QR codes will be installed at attractions and festivals nationwide to let visitors report unfair charges on the spot.

2025-10-29

Home purchases rise due to worries over tighter lending rules, sentiment shift

Home purchases in Seoul surged across all age groups in May as anxiety over tighter lending regulations and shifting real estate sentiment drove buyers back into the market.

2025-06-17

Foreign Ministry confirms it helped China purchase land in sensitive area in central Seoul

Korea’s Foreign Ministry confirmed Thursday that it provided administrative support when the Chinese government purchased land in Seoul’s Itaewon district in December 2018.

2025-05-15

Trade imbalance widens as Koreans turn to Chinese e-commerce

More Koreans are directly purchasing from Chinese online platforms, with the tally surpassing one trillion won ($747.94 million) for the first time in the first six months, according to Statistics Korea.

2023-09-25

Household debt decreases at fastest pace ever in first quarter

Korea's household debt in the first quarter decreased at the fastest pace ever amid high-interest rates and loan regulations. The amount of household debt in the first quarter stood at 1,853.9 trillion won ($1.4 trillion), down 13.7 trillion won...

2023-05-24

[Column] Why mandatory purchase doesn’t make sense

Policymakers and legislators must strenuously seek out effective measures that can buy confidence from farmers and consumers.

2023-04-16

Politics of the rice glut

If the Democratic Party made the promise to win the votes of people in the region in next elections, the revision is ill-intended from the start.

2022-10-18