July 12, 2024

FSS urges banks to preemptively curb household debts

A senior official of the Financial Supervisory Service (FSS) on Friday called for banks to preemptively curb household debts.

Lee Joon-soo, FSS senior deputy governor for banks and nonbanks, made the call in a luncheon with the chairs of the boards …

Defense chief vows to strengthen solidarity with France

Defense Minister Shin Won-sik vowed Friday to strengthen solidarity with France and other countries that share common values at an event commemorating France’s national day, his office said.

Shin made the pledge during the Bastille Day ceremony orga…

PM calls for ‘excessive’ readiness against natural disasters

Prime Minister Han Duck-soo called Friday for preparing against summer season natural disasters “to the point it seems excessive.”

Han’s remark came as record downpours drenched the country this week, leaving at least five people dead and forcing th…

S. Korean Bond Yields on Jul. 12, 2024

Today (%) Previous Session(%) Change (BP)

1-year TB 3.201 3.216 -1.5

2-year TB 3.161 3.209 -4.8

3-year TB 3.101 3.163 -6.2

10-year TB 3.177 3.234 -5.7

2-year MSB 3.149 3.200 -5.1

3-year CB (AA-) 3.552 3.614 -6.2

91-day CD 3.550 3.550 0.0

(END…

POSCO Holdings to cancel 2 tln won worth of shares by 2026

POSCO Holdings Inc., the holding firm of South Korea’s leading steelmaker POSCO Group, said Friday it will cancel 2 trillion won (US$1.45 billion) worth of stocks by 2026.

POSCO Holdings plans to cancel 5.25 million shares worth 1.9 trillion won and…