The head of Woori Financial Group Inc. on Monday apologized for giving inappropriate loans to relatives of a former chief, admitting that holes in its internal control system partly contributed to the incident.
The apology by Yim Jong-yong, chairman…
Carmakers in South Korea are moving toward disclosing the brand information of batteries used in their electric vehicles in response to consumer doubts over the safety of EV batteries.
Public concerns over EV safety have mounted in the country after…
Vice ministers from various government agencies will hold a meeting this week to address growing safety concerns over electric cars, following the recent explosion of an electric sedan in an underground apartment parking lot, the government said Mond…
Grand Korea Leisure Co. on Monday reported its second-quarter net income of 11.3 billion won (US$8.3 million), up 32 percent from a year earlier.
The company said in a regulatory filing that it posted 13.2 billion won in operating profit for the qua…
Today (%) Previous Session(%) Change (BP)
1-year TB 3.086 3.092 -0.6
2-year TB 3.040 3.034 +0.6
3-year TB 2.950 2.941 +0.9
10-year TB 3.003 3.012 -0.9
2-year MSB 2.999 2.990 +0.9
3-year CB (AA-) 3.423 3.409 +1.4
Source: Yonhap News Agency
President Yoon Suk Yeol named Presidential Security Service chief Kim Yong-hyun as new defense minister while Defense Minister Shin Won-sik was named as new national security adviser, his office said Monday.
National security adviser Chang Ho-jin wa…
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 …
South Korea and the United States will begin a major combined military exercise next week to strengthen their joint defense readiness in the face of evolving North Korean military threats, the Joint Chiefs of Staff (JCS) said Monday.
The annual Ulch…
Krafton Inc. on Monday reported its second-quarter net income of 341.4 billion won (US$248.9 million), up 165.7 percent from a year earlier.
The company said in a regulatory filing that operating income for the April-June period rose 152.5 percent o…
The main opposition Democratic Party (DP) urged President Yoon Suk Yeol on Monday to withdraw the appointment of the new chief of the Independence Hall of Korea amid criticism of his controversial views accused of justifying Japan’s 1910-45 colonial …