SEOUL– The presidential National Security Council condemned North Korea’s provocative acts on Friday following the launch of two short-range ballistic missiles toward the East Sea. The launch took place around noon as South Korea was set to wrap up its Hoguk military exercise, according to the South’s Joint Chiefs of Staff. President Yoon … Read more
SEOUL– South Korea’s central bank said Friday it will sell 9.9 trillion won (US$6.96 billion) worth of monetary stabilization bonds (MSBs) in November, almost the same amount issued the previous month. During the month, the BOK also plans to redeem 3 trillion won worth of outstanding MSBs, the central bank said in a press … Read more
Today (%) Previous Session(%) Change (BP) 1-year TB 3.728 3.753 -2.5 2-year TB 4.165 4.276 -11.1 3-year TB 4.112 4.254 -14.2 10-year TB 4.167 4.313 -14.6 2-year MSB 4.186 4.308 -12.2 3-year CB (AA-) 5.487 5.620 -13.3 91-day CD 3.950 3.940 +1.0 Source: Yonhap News Agency
SEOUL– LX International Corp. said Friday its third-quarter net profit grew 38.9 percent from a year earlier on the back of a rise in commodities prices and a weaker Korean currency. Net income came to 247.5 billion won (US$174.6 million) for the July-September period, compared with 178.2 billion won the previous year, the trading … Read more
SEOUL– Hotel Shilla Co., a South Korean operator of luxury hotels and duty-free shops, said Friday it swung to the black in the third quarter from a year earlier thanks to eased social distancing rules. Hotel Shilla logged a net profit of 14 billion won (US$9.8 million) on a consolidated basis in the three … Read more
SEOUL– Hyosung Corp. on Friday reported its third-quarter net loss of 41 billion won (US$28.8 million), swinging from a profit of 170.4 billion won a year earlier. The company said in a regulatory filing that it posted an operating loss of 51.2 billion won for the July-September period, compared with a profit of 174.7 … Read more
SEOUL– South Korean stocks snapped a two-day gaining streak to close lower Friday, as investor sentiment was hurt by lackluster earnings and dim guidance from major U.S. tech companies, and uncertainties over the Federal Reserve’s monetary policy, analysts said. The local currency fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index … Read more
SEOUL– LG Electronics Inc. on Friday reported record high sales backed by its electric vehicle (EV) components business but also experienced a big drop in net income in the third quarter on sluggish demand for consumer electronics amid high inflation and recession fears. The South Korean tech company reported in a regulatory filing that … Read more