Oil prices surged 9 percent Monday after shipping in the crucial Strait of Hormuz was disrupted by retaliatory Iranian attacks following initial bombing by Israel and the United States that killed Iranian Supreme Leader Ali Khamenei.
Tea is having a moment at Starbucks in Korea — and 20-somethings are driving it. Sales of tea-based drinks at Starbucks rose 8 percent in 2025 from the previous year.
A surge in global coffee prices, combined with the weakening of the won, has driven coffee import prices in Korea to nearly four times their level of five years ago, according to data from the Bank of Korea.
A foreign visitor browses cosmetics along a street in Seoul’s Myeong-dong area on Dec. 21.
Cakes are on display at a cafe in Seoul, on Nov. 11. As the holiday season approaches, "dessert-flation" is becoming a reality in Korea.
A passerby walks past a gold shop in Jongno District, central Seoul, on Nov. 11.
The rise in household loans extended by five leading banks here has slowed sharply, according to industry data released on Sunday, following a series of tighter regulations aimed at curbing home price hikes and household debt.
Europe faces over tourism challenges as record visitor numbers strain local resources. Countries are implementing measures to manage tourist flows and mitigate the impacts on communities.
The government is closely monitoring Covid-19 outbreaks in nearby countries such as Hong Kong, China and Thailand and preparing for a potential resurgence of the virus in Korea this summer.
Covid-19 is once again spreading across China, according to reports from Chinese media on Saturday.
Korea JoongAng Daily Sitemap
