General

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

3 S. Koreans grab automatic spots for Presidents Cup

Three South Korean golfers have locked down automatic spots for this year’s Presidents Cup, a biennial match play competition between the United States and a team of non-European international players. Hours after the conclusion of the BMW Championship in Colorado on Sunday (local time), the Presidents Cup organizers unveiled the top six players on the International Team who had earned

Seoul shares open higher on U.S. rate cut hopes

South Korean shares opened slightly higher Monday amid growing hopes for a U.S. rate cut.

The benchmark Korea Composite Stock Price Index (KOSPI) added 2.85 points, or 0.11 percent, to 2,704.54 in the first 15 minutes of trading.

The increase follo…

Yoon to meet ruling party leadership this week

President Yoon Suk Yeol will host a dinner meeting with the leadership of the ruling People Power Party (PPP) later this week, party officials said Monday.

PPP leader Han Dong-hoon, floor leader Choo Kyung-ho, five Supreme Council members and the pa…

Court to hold bail hearing for popera star Kim Ho-joong next month over hit-and-run

A Seoul court will hold a hearing next month to decide whether to grant bail to popera singer Kim Ho-joong arrested on charges of driving his car across a centerline into a stationary taxi under the influence of alcohol and fleeing, judicial officials said Monday. The Seoul Central District Court will hold the hearing on Sept. 30, the sources said.

Opposition party accuses Yoon gov’t of ‘submissive’ diplomacy with Japan

The main opposition Democratic Party (DP) accused the Yoon Suk Yeol administration on Monday of engaging in “submissive” diplomacy with Japan by appointing pro-Japan figures to key positions and removing public installations depicting the easternmost islets of Dokdo. “Since the start of the Yoon Suk Yeol administration, we have seen continued pro-Japan submissive diplomacy and a desperation to erase history,”

Monday’s weather forecast

The following is the weather forecast for South Korea’s 12 major cities at 9:01 a.m. Monday. Temperature (C) Condition Possibility High/Low of Rain (%) Seoul 31/25 Cloudy 30 Incheon 30/26 Cloudy 30 Suwon 32/24 Cloudy 30 Cheongju 33/26 Sunny 60 Daejeon 33/25 Sunny 60 Chuncheon 31/23 Heavy Rain 60 Gangneung 31/25 Heavy Rain 60 Jeonju 33/25 Cloudy 30 Gwangju 33/25