Tag: crisis

crisis

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Prime Minister Kim Min-seok, center, gives a speech at the cabinet meeting at government complex in central Seoul on April 11. [NEWS1]

Korea plans cash relief handout for 70% of public, some foreigners eligible

The government will provide cash support to 70 percent of the population to offset the impact of rising living costs linked to the Middle East conflict. A range of 100,000 won and up to 600,000 won ($68 up to $405) will be provided per person.

2026.4.11

President Lee Jae Myung delivers a policy speech on the 2026 supplementary budget at the National Assembly in western Seoul on April 2. [JOINT PRESS COPRS]

Lee urges Assembly support for supplementary budget response to economic 'crisis'

President Lee Jae Myung’s first policy speech of the year, delivered more than a month into the Iran war, was defined by a single word: crisis.

2026.4.2

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President Lee Jae Myung speaks during a Cabinet meeting at the Blue House in central Seoul on March 10. [JOINT PRESS CORPS]

Lee says need for extra budget to support small business owners, firms amid Middle East crisis

President Lee Jae Myung said Tuesday that it is time to consider drafting an extra budget to protect small business owners and companies hit by surging fuel prices and inflation stemming from an intensifying war in the Middle East.

2026.3.10

Opponents of ousted Venezuelan President Nicolas Maduro demonstrate in Doral, Florida on Jan. 4. [YONHAP]

Venezuela crisis will have limited impact on South Korean economy: Gov't

The United States' recent attack on Venezuela and North Korea's ballistic missile launch are expected to have a limited impact on the South Korean economy, the Ministry of Economy and Finance said Monday.

2026.1.5

This file photo, taken Oct. 31, shows Finance Minister Koo Yun-cheol, second from right, presiding over a supply chain stabilization meeting at the government complex in Seoul. [YONHAP]

Korea to hold inaugural pan-government simulation exercise for supply chain crisis

Korea is set to hold its first-ever pan-government tabletop exercise to prepare for a possible supply chain crisis, bringing together related government ministries and private companies, officials said Tuesday.

2025.11.11

Health Minister nominee Jeong Eun-kyeong answers questions from lawmakers during her confirmation hearing at the National Assembly’s Health and Welfare Committee in western Seoul on July 18. [JOONGANG ILBO]

Gov't to downgrade top-level medical crisis alert next month: health minister

The Korean government plans to soon downgrade the nation's top-level "serious" health crisis alert, issued early last year following the mass resignation of trainee doctors, as hospital operations gradually return to normal.

2025.9.30

Stop political calculations in times of crisis

It’s not the time for the two rival parties to battle over the scope of the acting president’s power.

2024.12.17

Here comes another!

President Yoon Suk Yeol is in crisis after the Democratic Party slashed the entire budget of 8.2 billion won ($5.8 million) for the presidential office for next year and prepares to impeach top prosecutors.

2024.12.2

Korea’s impending identity crisis from Trump 2.0

Giving in to the abrupt change from a values-based alliance to a give-and-take relationship for Korea’s “survival strategy” could pose a considerable burden for President Yoon.

2024.11.25

Trying to find an excuse will only backfire (KOR)

If the president acts the same way this time, his crisis will deepen.

2024.11.6