SEOUL– The ruling People Power Party (PPP) on Wednesday asked National Assembly Speaker Kim Jin-pyo not to put a motion calling for dismissing the foreign minister to a vote, saying no-confidence against the top diplomat would hurt the country’s national interest. Rep. Joo Ho-young, the PPP’s floor leader, made the appeal a day after … Read more
SEOUL– This is an exciting time for American tennis fans, with the new wave of youngsters giving them plenty of reason for hope. Leading that charge is Taylor Fritz, the top-ranked ATP player from the United States at No. 12 with three career titles, including two this year. But if Fritz, who grew up … Read more
SEOUL– Mirae Asset Venture Investment Co. and Yuanta Investment Co. have been selected as co-managers of a 500 billion-won (US$346 million) state bio fund aimed at supporting domestic pharmaceutical companies’ development of innovative medicine and entrance to the global market, the health ministry said Wednesday. The equity firms have been designated to each manage … Read more
SEOUL– Youlchon Chemical Co., a South Korean producer of plastic films, said Wednesday it has signed an agreement to supply a key battery component used in electric vehicles to the joint venture company run by LG Energy Solution Ltd. and U.S. General Motors Co. for the next six years. The US$1.04 billion supply deal … Read more
Today (%) Previous Session(%) Change (BP) 1-year TB 3.488 3.484 +0.4 2-year TB 4.311 4.324 -1.3 3-year TB 4.338 4.304 +3.4 10-year TB 4.332 4.208 +12.4 2-year MSB 4.418 4.373 +4.5 3-year CB (AA-) 5.342 5.308 +3.4 91-day CD 3.140 3.120 +2.0 Source: Yonhap News Agency
SEOUL– Seoul stocks dropped to the lowest level in more than two years and the Korean won tumbled to a 13-year low Wednesday on deepening concerns over a global recession in the wake of aggressive monetary tightening in major economies. The benchmark Korea Composite Stock Price Index (KOSPI) fell by 54.57 points, or 2.45 … Read more
SEOUL– North Korea has readied an underground nuclear test tunnel at its Punggye-ri site and a test blast could take place sometime between Oct. 16 and Nov. 7 if the regime decides to go ahead with it, South Korea’s spy agency was quoted as saying Wednesday. The National Intelligence Service (NIS) gave the assessment … Read more
Yachting: Monaco Smart & Sustainable Marina, New Solutions to drive the change MONACO, Sept. 28, 2022 (GLOBE NEWSWIRE) — New solutions ranging from preserving biodiversity to water treatment to build together a more sustainable future in the yachting industry. The 2nd Monaco Smart and Sustainable Marina Rendezvous has come to an end collecting ideas and […]