PM pledges deregulation for financial industry

SEOUL, Aug. 1 (Yonhap) — Prime Minister Han Duck-soo said Monday that the government will push through deregulation to boost competitiveness for the financial industry.”We need to remove outdated regulations that hamper financial innovation,” Han told…

S. Korean Bond Yields on Aug. 1, 2022

Today (%) Previous Session(%) Change (BP)1-year TB 2.924 2.902 +2.22-year TB 3.093 3.052 +4.13-year TB 3.081 3.009 +7.210-year TB 3.184 3.127 +5.72-year MSB 3.077 3.008 +6.93-year CB (AA-) 4.043 3.969 +7.491-day CD 2.730 2.730 0.0Source: Yonhap News Ag…

Ruling party moves toward leadership switch

SEOUL, Aug. 1 (Yonhap) — The ruling People Power Party held a general meeting of party lawmakers Monday and decided to shift to a collective leadership system, a spokesperson said, a move expected to spark strong objections from suspended party Chairm…