August 7, 2024

Weak domestic demand constrains S. Korean economic recovery: KDI

The South Korean economy is on a recovery track on strong exports, but sagging domestic demand has limited the overall economic improvement, a state-run think tank said Wednesday.

“The Korean economy has sustained strong export growth, primarily fue…

S. Korean Bond Yields on Aug. 7, 2024

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

1-year TB 3.104 3.112 -0.8

2-year TB 3.031 3.050 -1.9

3-year TB 2.929 2.935 -0.6

10-year TB 3.001 2.993 +0.8

2-year MSB 2.989 2.999 -1.0

3-year CB (AA-) 3.397 3.398 -0.1

91-day CD 3.480 3.470 +1.0

So…

Seoul shares extend gains, led by Samsung Electronics

Seoul shares extended gains late Wednesday morning, led by Samsung Electronics, despite concerns over lingering market jitters two days after massive selloffs due to fears of a U.S. recession.

The benchmark Korea Composite Stock Price Index (KOSPI) …

Asiana’s cargo unit to be sold to Air Incheon for 470 bln won

Korean Air Co. said Wednesday it signed a tentative agreement valued at 470 billion won (US$341.7 million) to sell the cargo business division of Asiana Airlines Inc. to Air Incheon.

The sale of Asiana’s cargo division is part of conditions set by t…