General

S. Korean Bond Yields on morning of Sep. 3, 2024

[as of 11:30 am] Today (%) Previous Session(%) Change (BP) 1-year TB 3.056 3.063 -0.7 2-year TB 3.087 3.091 -0.4 3-year TB 2.992 2.989 +0.3 10-year TB 3.117 3.121 -0.4 2-year MSB 3.046 3.051 -0.5 3-year CB (AA-) 3.549 3.542 +0.7 Source: Yonhap News Agency

(LEAD) Consumer inflation slows to 41-month low in August

South Korea’s consumer prices slowed to the lowest level in nearly 3 1/2 years in August on easing prices of farm produce and global oil, data showed Tuesday. Consumer prices, a key gauge of inflation, rose 2 percent on-year last month, compared with a 2.6 percent on-year rise a month earlier, according to the data from Statistics Korea. August’s figure

(LEAD) FM Cho discusses Ukraine support, bilateral issues with Macron’s adviser

Foreign Minister Cho Tae-yul met with a top adviser to French President Emmanuel Macron on Tuesday for broad discussions on issues ranging from support for Ukraine, bilateral relations and other regional and international areas, Cho’s office said. In the talks with Emmanuel Bonne, presidential diplomatic adviser to Macron, Cho reiterated South Korea’s commitment to continuing its support for the war-torn

Baby girl unconscious for a month after being turned away by 11 ERs

A 28-month-old girl has remained unconscious for a month after being denied emergency treatment by over 10 hospitals in the Seoul metropolitan area, authorities said Tuesday, amid the prolonged disruption of the local medical system due to the ongoing strike by junior doctors. The tragedy began at 8:40 p.m. on Aug. 4 when the baby girl living in Goyang, just

Seoul shares slightly up late Tue. morning

South Korean stocks traded slightly higher late Tuesday morning as investors took to the sidelines ahead of important U.S. data. The benchmark Korea Composite Stock Price Index (KOSPI) gained 5.45 points, or 0.20 percent, to 2,686.45 as of 11:20 a.m. The index had opened slightly higher but trimmed earlier gains as investors took caution before the release of U.S. jobs

Tuesday’s weather forecast

The following is the weather forecast for South Korea’s 12 major cities at 9:01 a.m. Tuesday. Temperature (C) Condition Possibility High/Low of Rain (%) Seoul 31/22 Cloudy 30 Incheon 30/23 Cloudy 30 Suwon 30/22 Cloudy 30 Cheongju 31/24 Cloudy 30 Daejeon 31/23 Cloudy 30 Chuncheon 30/19 Cloudy 20 Gangneung 28/21 Cloudy 0 Jeonju 32/24 Rain 30 Gwangju 31/23 Rain 60

(LEAD) Japanese PM Kishida to visit S. Korea this week for last summit with Yoon

Japanese Prime Minister Fumio Kishida will visit South Korea later this week for talks with President Yoon Suk Yeol, the presidential office said Tuesday, as Kishida is preparing to leave office with a legacy of improving long-frayed relations with Seoul. After arriving Friday for a two-day visit, Kishida will hold talks with Yoon, where the two leaders will look back

PM rejects opposition-led suspicions of martial law plan

Prime Minister Han Duck-soo on Tuesday rejected opposition-led suspicions that the government is preparing to declare martial law with plans to arrest lawmakers who could make it void. Chairman Lee Jae-myung of the main opposition Democratic Party (DP) fueled the suspicions on Sunday by mentioning it during a live broadcast of his meeting with ruling People Power Party leader Han