June 11, 2024

Industry ministry holds food exhibition to promote exports

SEOUL, The industry ministry kicked off an annual food exhibition Tuesday as part of efforts to achieve a target of US$10 billion in food exports this year.

The four-day Seoul Food 2024 will run in Goyang, just northwest of Seoul, through Friday, at…

S. Korean Bond Yields on Jun. 11, 2024

1-year TB 3.349 3.362 -1.3

2-year TB 3.398 3.404 -0.6

3-year TB 3.341 3.353 -1.2

10-year TB 3.425 3.433 -0.8

2-year MSB 3.377 3.387 -1.0

3-year CB (AA-) 3.775 3.782 -0.7

91-day CD 3.600 3.600 0.0

Source: Yonhap News Agency

Builders win US$10 bln in orders from Middle East in Jan.-May

SEOUL, Domestic construction companies’ combined orders from the Middle East amounted to nearly US$10 billion so far this year, recording stellar growth from 2023, industry data showed Tuesday.

According to the data from the International Contractor…

S. Korea snaps 11-month current account surplus in April

SEOUL, South Korea logged a current account deficit in April, ending its 11th straight month of surplus due to a decreased trade surplus and dividend payments to overseas investors, central bank data showed Tuesday.

The country’s current account def…

Seoul shares close tad higher ahead of U.S. Fed meeting

SEOUL, South Korean shares closed slightly higher Tuesday ahead of the Federal Reserve’s rate-setting meeting this week. The local currency fell slightly against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) added 4.15 poi…