General

Seoul stocks close higher on hopes for Fed’s policy pivot

South Korean stocks finished higher Wednesday as investor sentiment was boosted by Federal Reserve chief Jerome Powell’s comments for a possible interest rate cut. The local currency traded weaker against the U.S. dollar.

The benchmark Korea Composi…

Yoon gives credentials to 12 ambassadors

President Yoon Suk Yeol gave credentials to 12 new ambassadors Wednesday.

The top envoys to Norway, Greece, Uzbekistan, Nigeria, Morocco, Jordan, Guatemala, Kuwait, Mongolia, Bolivia, Qatar and Senegal received the credentials during a ceremony at t…

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

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

1-year TB 3.258 3.261 -0.3

2-year TB 3.215 3.209 +0.6

3-year TB 3.177 3.169 +0.8

10-year TB 3.287 3.289 -0.2

2-year MSB 3.215 3.209 +0.6

3-year CB (AA-) 3.641 3.634 +0.7

Source: Yonhap News Agency

Highway police intercept drug-fueled van driving recklessly

The Central Investigation Bureau (CIB) arrested a van driver who was smoking crystal meth and driving with a full load of passengers. In the end, the passengers could not stand it and called the Highway Police for help.

The Central Investigation Bur…

(LEAD) Police vow to speed up probe into deadly car crash

Police investigating the deadly car crash that killed nine people in downtown Seoul earlier this week said Wednesday they will speed up the probe as soon as the injured perpetrator’s physical condition improves.

The Seoul Namdaemun Police Station sa…