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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…

Seoul shares down 0.52 pct late Tue. morning

SEOUL, South Korean stocks traded lower late Tuesday morning ahead of major economic events in the United States.

The benchmark Korea Composite Stock Price Index had lost 14.63 points, or 0.52 percent, to 2,789.68 as of 11:20 a.m.

U.S. labor market…

Kakao to open Seoul’s 1st K-pop arena in 2027

SEOUL, Kakao Corp., a South Korean tech company, said Tuesday it broke ground to build Seoul’s first K-pop-destined performance hall in cooperation with the Seoul city government.

Seoul Arena, with a capacity to accommodate up to 28,000 people, aims…