Sunday, November 1, 2026 · Morning
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Economy · 2 sources combined p. 1 / 3
Ontong Daejeon charge increased to 700,000 won
D-54 Deadline December 31 · Expanded cashback application end date
Photo: 프레시안 In short Daejeon City has increased the benefits of Ontong Daejeon, a local currency.
From November to December, the monthly charging limit rises to 700,000 won, and cashback increases to 13%.
Welfare recipients can receive up to 16% additional benefits.
Key facts When Expanded benefits apply from November through December. Who Daejeon City has increased the benefits of Ontong Daejeon, a local gift certificate. What Monthly charging limit rises to 700,000 won, cashback increases to 13%. How Total budget of 34.8 billion won: 13.2 billion won from national budget, 21.6 billion won from city budget.
What it means for me
All Shop owners
Daejeon residents will see increased charging limits and cashback benefits for Ontong Daejeon starting November.
Daejeon self-employed merchants may see sales recovery from increased local currency usage.
Why does this matter? Measure to revitalize Daejeon's alleyway commerce, weakened by high prices and sluggish consumer spending.
Economy · Planned · 8 sources combined p. 2 / 3
World's largest ammonia carrier ship
Photo: 연합뉴스 In short HD Hyundai Heavy Industries built the world's largest ammonia-powered ship.
The ship is named 'Terra Clove' and held its naming ceremony at Ulsan Shipyard.
The ship will complete finishing work and be delivered to its owner in early November.
Key facts When The naming ceremony was held at Ulsan Shipyard on October 22, with delivery scheduled for early November. Who The vessel was ordered by Singapore-based shipping company EPS from HD Hyundai Heavy Industries in 2023. What The 'Terra Clove,' a 93,000 cubic meter ultra-large ammonia-powered carrier, is the world's largest of its kind. How It measures 230 meters long and 36.5 meters wide, capable of carrying both ammonia and LPG simultaneously.
What it means for me
Increased eco-friendly ship orders could boost related shipbuilding jobs and regional economic growth.
Why does this matter? The project demonstrated domestic shipbuilding technology in the carbon-free ammonia-fueled vessel market.
Economy · 4 sources combined p. 3 / 3
Korea's fiscal capacity only rises
Photo: 연합뉴스 In short Choi Ji-young, IMF Managing Director, met with Korean journalists in Bangkok and evaluated the Korean economy.
She explained that while fiscal capacity decreased in other developed nations, it only increased in Korea.
She viewed the semiconductor and AI industry boom as driving Korea's growth rate.
Key facts When On October 15 (local time) in Bangkok, Thailand, she held a briefing with Korean journalists. Who Choi Ji-young, Managing Director of the International Monetary Fund (IMF), evaluated the Korean economy. What She revealed that among developed nations, Korea is the only country where fiscal (policy) capacity has expanded. How On October 13, the IMF raised Korea's 2024 growth outlook from 2.6% to 3.3%.
What it means for me
All Office workers Shop owners Retired
Expanded national fiscal capacity can influence future government spending and tax policies.
Improved growth outlook can send positive signals to consumer sentiment and the job market.
Upward growth revision can help recovery in consumer sentiment.
Expanded fiscal capacity can influence discussions on welfare and pension funding sources.
Why does this matter? Even as the global economy shakes, only Korea's growth outlook has improved, expanding the government's policy flexibility.
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