August 26, 2024

Police book hotel owner in investigation into Bucheon hotel fire

Police booked the owner of a hotel that caught fire last week and claimed the lives of seven people for investigation on charges of professional negligence, officials said Monday.

The Gyeonggi Nambu Provincial Police booked the owner of the hotel in…

S. Korean Bond Yields on Aug. 26, 2024

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

1-year TB 3.039 3.050 -1.1

2-year TB 3.011 3.037 -2.6

3-year TB 2.890 2.920 -3.0

10-year TB 2.974 3.005 -3.1

2-year MSB 2.967 2.991 -2.4

3-year CB (AA-) 3.414 3.439 -2.5

91-day CD 3.510 3.510 0.0

Sou…

S. Korean Bond Yields on morning of Aug. 26, 2024

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

1-year TB 3.038 3.050 -1.2

2-year TB 3.016 3.037 -2.1

3-year TB 2.892 2.920 -2.8

10-year TB 2.981 3.005 -2.4

2-year MSB 2.965 2.991 -2.6

3-year CB (AA-) 3.415 3.439 -2.4

Source: Yonhap News Agency

Seoul stocks down late Mon. morning on profit-taking

South Korean shares traded a tad lower late Monday morning as investors sought to cash in gains amid U.S. rate cut hopes.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 3.49 points, or 0.13 percent, to 2,698.20 as of 11:20 a.m.

The in…

Yoon, New Zealand PM to hold summit in Seoul next week

President Yoon Suk Yeol will have a summit with New Zealand Prime Minister Christopher Luxon in Seoul next week to discuss bilateral and regional issues, Yoon’s office said Monday.

Luxon will make an official visit to South Korea from Sept. 4-5, dur…