August 23, 2024

(LEAD) Electrical factor most likely cause of Bucheon hotel fire

A short circuit or other electrical causes are believed to have sparked a fire at a hotel in Bucheon, west of Seoul, a fire official said Friday, after the tragedy left seven dead and a dozen others injured.

Cho Seon-ho, chief of the Gyeonggi-do Fir…

S. Korean Bond Yields on Aug. 23, 2024

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

1-year TB 3.050 3.042 +0.8

2-year TB 3.037 3.022 +1.5

3-year TB 2.920 2.907 +1.3

10-year TB 3.005 2.980 +2.5

2-year MSB 2.991 2.980 +1.1

3-year CB (AA-) 3.439 3.422 +1.7

91-day CD 3.510 3.510 0.0

Sou…

Seoul shares down late Fri. morning on tech, finance losses

South Korean stocks traded lower late Friday morning as investors continued to sit on the sidelines ahead of major events, with technology and financial shares leading the overall decline.

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

(LEAD) Seoul shares snap 3-day rise ahead of Fed chief’s speech

South Korean stocks ended slightly lower Friday, snapping three consecutive sessions of gains, as investors sat on the sidelines ahead of Federal Reserve Chair Jerome Powell speech later in the day. The local currency fell against the U.S. dollar.

T…