August 12, 2024

Yoon again vetoes contentious broadcasting bills

President Yoon Suk Yeol on Monday approved a Cabinet motion demanding parliamentary reconsideration of four broadcasting bills, exercising veto power again against the legislation that the government says infringes upon the president’s rights to appo…

Yoon again vetoes contentious broadcasting bills

President Yoon Suk Yeol on Monday approved a Cabinet motion demanding parliamentary reconsideration of four broadcasting bills, exercising veto power again against the legislation that the government says infringes upon the president’s rights to appo…

CJ’s bakery franchise to open 1st outlet in Singapore this year

CJ Foodville, the restaurant arm of food and entertainment conglomerate CJ Group, said Monday its bakery franchise Tous les Jours will open its first outlet in Singapore within this year.

CJ Foodville has signed a master franchise contract with Roya…

SK Networks Q2 net profit up 115.2 pct to 21.2 bln won

SK Networks Co. on Monday reported its second-quarter net profit of 21.2 billion won (US$15.5 million), up 115.2 percent from a year earlier.

The company said in a regulatory filing that it posted 29.1 billion won in operating profit for the quarter…

S. Korean Bond Yields on Aug. 12, 2024

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

1-year TB 3.084 3.092 -0.8

2-year TB 3.034 3.034 0.0

3-year TB 2.946 2.941 +0.5

10-year TB 3.000 3.012 -1.2

2-year MSB 2.997 2.990 +0.7

3-year CB (AA-) 3.421 3.409 +1.2

91-day CD 3.460 3.470 -1.0

Sou…

Seoul shares spike over 1 pct on eased U.S. recession woes

South Korean stocks closed more than 1 percent higher Monday, recovering from last week’s rout as concerns over a U.S. economic recession eased. The local currency lost ground against the U.S. dollar.

The benchmark Korea Composite Stock Price Index …