July 25, 2024

Korean stocks dip nearly 2 pct on tech, auto losses

South Korean shares dipped by nearly 2 percent Thursday as tech and auto stocks crashed following an overnight drop on Wall Street. The local currency fell slightly against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) lost…

Gist of 2024 tax code revisions

The following are the key features of the tax code revisions unveiled by the finance ministry Thursday that aim to help spur economic growth and support the livelihoods of the people.

To underpin economic dynamism

– promoting investment, employment,…

S. Korean Bond Yields on morning of Jul. 25, 2024

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

1-year TB 3.208 3.217 -0.9

2-year TB 3.100 3.118 -1.8

3-year TB 3.028 3.046 -1.8

10-year TB 3.133 3.131 +0.2

2-year MSB 3.080 3.102 -2.2

3-year CB (AA-) 3.490 3.509 -1.9

Source: Yonhap News Agency

Hanall Biopharma swings to loss in Q2

Hanall Biopharma Co. on Thursday reported its second-quarter net loss of 3.3 billion won (US$2.4 million), shifting from a profit of 7.3 billion won a year earlier.

The company said in a regulatory filing that it posted an operating loss of 3.1 billi…