August 8, 2024

SK Biopharmaceuticals swings to profits in Q2

SK Biopharmaceuticals Co. on Thursday reported its second-quarter net profit of 24.6 billion won (US$17.8 million), turning from a loss of 23.3 billion won a year earlier.

Operating profit for the April-June period was 26 billion, compared with a lo…

S. Korean Bond Yields on Aug. 8, 2024

Today (%) Previous Session(%) Change (BP)

1-year TB 3.093 3.104 -1.1

2-year TB 3.016 3.031 -1.5

3-year TB 2.911 2.929 -1.8

10-year TB 2.997 3.001 -0.4

2-year MSB 2.970 2.989 -1.9

3-year CB (AA-) 3.380 3.397 -1.7

91-day CD 3.470 3.480 -1.0

So…

Seoul shares open lower on lingering U.S. recession woes

South Korean stocks started lower Thursday amid lingering fears about a U.S. recession.

The benchmark Korea Composite Stock Price Index (KOSPI) lost 28.7 points, or 1.12 percent, to 2,539.71 in the first 15 minutes of trading.

Overnight, the Dow Jo…

Hankook and Company Q2 net profit up 198.6 pct to 108.5 bln won

Hankook and Company Co. on Thursday reported its second-quarter net profit of 108.5 billion won (US$78.8 million), up 198.6 percent from a year earlier.

The company said in a regulatory filing that it posted 124.8 billion won in operating profit fo…