Foreign direct investment (FDI) pledges to South Korea fell 10.4 percent on-year in the first six months of this year amid economic uncertainties, data showed Friday.

The country received US$15.34 billion in FDI commitments in the January-June perio…

President Yoon Suk Yeol will travel to the United States next week to attend the North Atlantic Treaty Organization (NATO) summit in Washington and visit the U.S. Indo-Pacific Command in Hawaii, his office said Friday.

Yoon will visit Washington fro…

The nominee to head the Financial Services Commission (FSC) said Friday there is a need to scrap a planned introduction of the financial investment income tax, saying it may negatively impact capital markets.

Kim Byoung-hwan, a former vice finance m…

The ruling People Power Party (PPP) on Friday apologized for using the term “alliance” to refer to security ties between South Korea, the United States and Japan, saying it should have been “security cooperation.”

Ho Jun-seok, a spokesperson for the…

President Yoon Suk Yeol will travel to the United States next week to attend the North Atlantic Treaty Organization (NATO) summit in Washington and visit the U.S. Indo-Pacific Command in Hawaii, his office said Friday.

Yoon will visit Washington fro…

LG Electronics Inc. on Friday estimated its second-quarter operating profit soared more than 60 percent from a year earlier on robust sales of its key products, beating market expectations.

Its operating profit came to 1.19 trillion won (US$868.1 mi…

Seoul shares extended gains late Friday morning as investors await U.S. jobs data this week for clues on the Federal Reserve’s future policy path.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 34 points, or 1.2 percent, to 2,858.94 …

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

1-year TB 3.220 3.230 -1.0

2-year TB 3.164 3.156 +0.8

3-year TB 3.131 3.128 +0.3

10-year TB 3.235 3.234 +0.1

2-year MSB 3.145 3.149 -0.4

3-year CB (AA-) 3.592 3.591 +0.1

(END)

Source: Yonhap News Age…