Korea Joongang Daily
Korea JoongAng Daily

Trade commission to impose antidumping duties on Chinese cold-rolled steel products

Korea's trade watchdog on Thursday made a preliminary decision to impose antidumping tariffs on cold-rolled steel products imported from China, citing damage to the local industry.

2026-04-16

Fuel consumption down after price cap system, Industry Ministry says

Fuel consumption has decreased since the country implemented a price cap system, an official from the Ministry of Trade Industry and Resources said Thursday, dispelling concerns surrounding supply disruptions caused by the Middle Eastern crisis.

2026-04-16

Airfares set to skyrocket with record fuel surcharges as Iran war wreaks havoc on oil supply

Airfares are poised to skyrocket further next month as Korean carriers have raised fuel surcharges for May to record levels, driven by a surge in oil prices in the wake of the lingering Iran war.

2026-04-16

Surge in renovation and housing costs dissuades people from moving

The surging costs associated with moving — which includes renovation, logistics and securing a lease — are discouraging mobility even during the traditional spring moving season.

2026-04-16

Korea's medium-term debt outlook shows improvement, says IMF report

Korea's medium-term debt outlook has improved slightly compared with previous projections, an International Monetary Fund (IMF) report said Thursday.

2026-04-16

Wealth concentration at top intensifying as the rich's proportion of real estate assets grows

A Korean household needed assets of at least 3.48 billion won ($2.36 million) to rank among the country’s top 1 percent last year, underscoring the concentration of wealth at the top.

2026-04-16

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

Kospi returns to near prewar levels as investors adapt to 'TACO trade'

Korean stocks have rebounded to near prewar levels as investors increasingly brush off geopolitical shocks from the ongoing conflict in the Middle East.

2026-04-15

IMF maintains Korea's growth outlook despite Iran war, rising inflation risks

Korea’s growth outlook held steady despite the Iran war, but inflation risks surged as the International Monetary Fund (IMF) raised its price forecast and warned of mounting global uncertainty.

2026-04-15

트럼프의 미국산 원유 구매 ‘압박’, 특히 한국엔 비현실적인 이유

While U.S. President Donald Trump touts American crude as an alternative for allies facing Iran-linked supply disruptions, the idea can sound fanciful — nowhere more so than in Korea.

2026-04-15