SEOUL: Banks’ loan rate slightly rose in May, as the central bank has frozen its key rate for more than a year amid still-high inflation, data showed Friday.
The average lending rate of banks applied to new loans last month came to 4.78 percent, up f…
Today (%) Previous Session(%) Change (BP)
1-year TB 3.335 3.348 -1.3
2-year TB 3.263 3.281 -1.8
3-year TB 3.207 3.220 -1.3
10-year TB 3.296 3.300 -0.4
2-year MSB 3.270 3.283 -1.3
3-year CB (AA-) 3.668 3.684 -1.6
Source: Yonhap News Agency
SEOUL: The U.S. ambassador to South Korea strongly criticized Russia and North Korea on Friday for their recent military pact, emphasizing the importance of enhanced trilateral cooperation between Seoul, Washington and Tokyo.
Ambassador Philip Goldbe…
SEOUL: Seoul shares traded almost 0.3 percent higher late Friday morning ahead of the release of the Federal Reserve’s preferred gauge of inflation.
The benchmark Korea Composite Stock Price Index (KOSPI) added 8.02 points, or 0.29 percent, to 2,792….
SEOUL: The top U.S. naval official in South Korea on Friday hailed trilateral security cooperation with Japan, saying such efforts have enhanced the three countries’ capability and readiness against North Korean missile threats.
Rear Adm. Neil Koprow…
SEOUL: President Yoon Suk Yeol plans to meet with U.S. National Intelligence Director Avril Haines on Friday, sources said, amid growing concerns over a recent military pact between North Korea and Russia.
During the meeting at Yoon’s office, the two…
SEOUL: Seoul shares ended higher Friday as investors waited for clues about the direction of the U.S. rate decision with key data due later in the day. The local currency rose sharply against the U.S. dollar.
The benchmark Korea Composite Stock Price…