General

(EDITORIAL from Korea Herald on July 3)

Disputes are heating up in South Korea over whether the Yoon Suk Yeol administration should go ahead with its controversial tax-reduction initiatives even though revenue is forecast to decline this year as a result of sluggish corporate earnings.

Th…

S. Korean Bond Yields on July 3, 2024

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

1-year TB 3.254 3.261 -0.7

2-year TB 3.199 3.209 -1.0

3-year TB 3.160 3.169 -0.9

10-year TB 3.274 3.289 -1.5

2-year MSB 3.207 3.209 -0.2

3-year CB (AA-) 3.624 3.634 -1.0

91-day CD 3.580 3.600 -2.0

So…

S. Korea raises 2024 economic growth outlook to 2.6 pct

The South Korean government raised its forecast for economic growth in 2024 to 2.6 percent Wednesday, citing solid exports and a global economic recovery.

The latest projection marks a 0.4 percentage-point increase from its previous outlook presente…