South Korea’s exports of information and communication technology (ICT) products rose for the eighth consecutive month in June, thanks to solid demand for chips, data showed Monday. Outbound shipments of ICT products came to US$21.05 billion last month, up 31.1 percent from $16.06 billion a year earlier, according to data compiled by the Ministry of … Read more
The Korea Interbank Offered Rates (KORIBOR) as posted by Yonhap Infomax, the financial news and information arm of Yonhap News Agency, at 11:00 a.m. Term Today (%) Previous Session (%) 1-W 3.50 3.50 1-M 3.48 3.48 2-M 3.47 3.46 3-M 3.47 3.46 6-M 3.44 3.44 12-M 3.34 3.34 Source: Yonhap News Agency
A civic group filed a complaint Monday against President Yoon Suk Yeol for vetoing a bill mandating a special counsel investigation into the military’s response to a Marine’s death. The civic group, known as the “National Action for Judicial Justice,” filed the complaint with the Corruption Investigation Office for High-ranking Officials, accusing Yoon of abusing … Read more
HD Korea Shipbuilding and Offshore Engineering Co., a major South Korean shipyard, said Monday it has secured a contract worth 3.7 trillion won (US$2.67 billion) to build 12 container carriers for a European shipping firm. Under the contract, HD Korea Shipbuilding will supply 12 carriers with a capacity of 15,500 twenty-foot equivalent units (TEU), to … Read more
Seoul shares traded lower late Monday morning as investors sat on the sidelines in the aftermath of the assassination attempt of former U.S. President Donald Trump over the weekend. The benchmark Korea Composite Stock Price Index had fallen 4.02 points, or 0.14 percent, to 2,852.98 as of 11:20 a.m. Trump was injured when a gunshot … Read more
[as of 11:30 am] Today (%) Previous Session(%) Change (BP) 1-year TB 3.198 3.201 -0.3 2-year TB 3.155 3.161 -0.6 3-year TB 3.097 3.101 -0.4 10-year TB 3.191 3.177 +1.4 2-year MSB 3.144 3.149 -0.5 3-year CB (AA-) 3.547 3.552 -0.5 Source: Yonhap News Agency