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Inflation Drains Year-End Charitable Giving as Donors Pull Back

Year-end charitable giving is weakening as inflation and income stagnation reduce donor capacity, affecting nonprofits and Korean American groups in LA.

Trump’s Tariffs Boost South Korean Firms to Increase U.S. Investments

South Korea’s largest companies announced major new domestic investments after President Yoon Suk-yeol met with top business leaders to discuss the country’s new trade...

Pennies Vanish from Circulation, Leaving U.S. Shoppers Shortchanged

The United States is seeing a shortage of 1-cent coins after President Donald Trump halted penny production earlier this year due to high minting...

LA Workers Skip Lunch as “Lunchflation” Drives Weekly Costs to $108

More LA workers are skipping lunch as restaurant prices rise and a simple midday meal becomes unaffordable. According to a report recently released by ezCater,...

LA County Declares Emergency as Immigration Raids Disrupt Economy

Los Angeles County declared a local state of emergency on October 14, citing widespread economic and social disruption caused by ongoing federal immigration raids....

Challenges and opportunities stand for 2025 outlook for U.S. economy amid new policies

By Sung Won Sohn The author is professor of finance and economics at Loyola Marymount University and president of SS Economics. He was executive vice...

North Korean currency plunges to one-fourth of its value amid rising public discontent

The value of North Korea’s currency has plummeted to a quarter of its value at the start of the year, according to a report...

Korean-American economy shifts from small businesses to larger corporations

The recent "2023 National Korean American Economic Survey" conducted by the Korea Daily found that the proportion of private businesses has declined, with a...

‘Security and economy are one,’ Yoon stresses during Chuseok break

President Yoon Suk Yeol stressed the importance of security in improving people's livelihood and economic growth over the Chuseok holiday, meeting with troops, atomic...

Yoon promotes economy, Expo bid in New York

President Yoon Suk Yeol began his trip to New York for the UN General Assembly with a series of bilateral talks focused on economic diplomacy...

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