General

PM orders thorough preparations for heavy downpours

SEOUL, Prime Minister Han Duck-soo ordered all-out efforts Tuesday to prevent damage from torrential downpours this week.

As heavy rain pounded the country, Han ordered a thorough inspection of evacuation and safety measures for residents in areas v…

S. Korean Bond Yields on July 2, 2024

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

1-year TB 3.261 3.309 -4.8

2-year TB 3.209 3.263 -5.4

3-year TB 3.169 3.210 -4.1

10-year TB 3.289 3.312 -2.3

2-year MSB 3.209 3.266 -5.7

3-year CB (AA-) 3.634 3.681 -4.7

91-day CD 3.600 3.600 0.0

Sou…

Seoul shares start lower despite U.S. gains

SEOUL, South Korean stocks opened slightly lower Tuesday despite overnight gains on Wall Street.

The benchmark Korea Composite Stock Price Index (KOSPI) lost 7.76 points, or 0.28 percent, to 2,796.55 in the first 15 minutes of trading.

Overnight, W…

(EDITORIAL from Korea JoongAng Daily on July 2)

Uncertainty has swept the political scene in the United States with only four months left before the Nov. 5 presidential election. Last Thursday’s first TV debate between President Joe Biden, 81, and former President Donald Trump, 78, highlighted Bid…

Gov’t to buy 50,000 tons of rice to stabilize prices

The agricultural ministry said Monday it has launched steps to purchase 50,000 tons of rice in order to stabilize its price.

The latest move comes in line with efforts to reduce the 150,000 tons of rice in storage, which was harvested in 2023, in th…