August 12, 2024

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(EDITORIAL from Korea JoongAng Daily on Aug. 12)

Former Gyeonggi Gov. Kim Kyung-soo is reportedly included in a list of people eligible for presidential immunity on the occasion of Aug. 15 Liberation Day. The list will be announced in Tuesday’s Cabinet meeting to be presided over by President Yoon …

‘Pilot’ leads weekend box office, reaching 3 mln admissions

The Korean comedy film “Pilot,” starring Cho Jung-seok, continued to dominate the weekend box office, reaching a cumulative audience of 3.02 million viewers as of Monday, data showed Monday.

Released July 31, the film attracted over 720,000 viewers …

Exports rise 16.7 pct during first 10 days of August

South Korea’s exports rose 16.7 percent on-year in the first 10 days of August, data showed Monday, on the back of the strong performance of semiconductors.

Outbound shipments reached US$15.5 billion in the August 1-10 period, compared with $13.2 bi…

Arms agency test-deploys multi-legged counter-terrorism robot

The state arms procurement agency said Monday it has test-deployed a multi-legged robot designed for counter-terrorism operations as part of a push to introduce advanced technologies to the military.

The Defense Acquisition Program Administration (D…

Yoon again vetoes contentious broadcasting bills

President Yoon Suk Yeol on Monday approved a Cabinet motion demanding parliamentary reconsideration of four broadcasting bills, exercising veto power again against the legislation that the government says infringes upon the president’s rights to appo…

CJ’s bakery franchise to open 1st outlet in Singapore this year

CJ Foodville, the restaurant arm of food and entertainment conglomerate CJ Group, said Monday its bakery franchise Tous les Jours will open its first outlet in Singapore within this year.

CJ Foodville has signed a master franchise contract with Roya…

SK Networks Q2 net profit up 115.2 pct to 21.2 bln won

SK Networks Co. on Monday reported its second-quarter net profit of 21.2 billion won (US$15.5 million), up 115.2 percent from a year earlier.

The company said in a regulatory filing that it posted 29.1 billion won in operating profit for the quarter…

S. Korean Bond Yields on Aug. 12, 2024

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

1-year TB 3.084 3.092 -0.8

2-year TB 3.034 3.034 0.0

3-year TB 2.946 2.941 +0.5

10-year TB 3.000 3.012 -1.2

2-year MSB 2.997 2.990 +0.7

3-year CB (AA-) 3.421 3.409 +1.2

91-day CD 3.460 3.470 -1.0

Sou…

Seoul shares spike over 1 pct on eased U.S. recession woes

South Korean stocks closed more than 1 percent higher Monday, recovering from last week’s rout as concerns over a U.S. economic recession eased. The local currency lost ground against the U.S. dollar.

The benchmark Korea Composite Stock Price Index …