Category: Business

SEOUL– South Korea plans to take measures to stabilize the bond market if necessary as market volatility has grown over the U.S.’ recent rate hikes, a senior finance ministry official said Friday.   On Thursday, the yield on three-year Treasuries rose 25.7 basis points to 4.104 percent, the highest level in more than 12 years, […]

SEOUL, Sept. 22 (Yonhap) — South Korean stocks closed down on Thursday, as investors were spooked by growing worries over a global economic recession following the U.S. Federal Reserve’s sharp rate hike decision. The Korean won fell to a 13-year low against the U.S. dollar.   The benchmark Korea Composite Stock Price Index (KOSPI) lost […]

SEOUL, Sept. 22 (Yonhap) — Cho Sung-hwan, the chief executive officer of South Korean auto parts maker Hyundai Mobis Co., has been elected president of the International Organization for Standardization (ISO), the industry ministry said Thursday.   Cho was elected at the ISO’s General Assembly meeting in Abu Dhabi. He will begin his official two-year […]

SEOUL– South Korea’s exports fell 8.7 percent on-year in the first 20 days of September due mainly to fewer working days, and the country logged a trade deficit on high energy costs, data showed Wednesday.   The country’s outbound shipments stood at US$32.96 billion in the Sept. 1-20 period, compared with $36.11 billion a year […]

SEOUL, Sep. 20 (Yonhap) — The Korea Interbank Offered Rates (KORIBOR) as posted by Yonhap Infomax, the financial news and information arm of Yonhap News Agency, at 11:00 a.m.   Term Today (%) Previous Session (%)   1-W 2.50 2.50   1-M 2.63 2.63   2-M 2.76 2.76   3-M 2.93 2.92   6-M 3.36 […]

SEOUL– South Korea and Ecuador began a seventh round of talks Tuesday on the formation of a bilateral free trade deal, the trade ministry here said.   The two nations launched negotiations for the strategic economic cooperation agreement, or SECA, a type of free trade pact, in 2016 and held five rounds of talks that […]