September 2, 2024

Insurance firms’ H1 net grows 2.8 pct

Insurance companies in South Korea posted a slight growth in their net profit in the first six months of the year from a year earlier but solely on a rise in the income of non-life insurers, data showed Monday.

The combined net income of 22 life ins…

S. Korean Bond Yields on Sep. 2, 2024

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

1-year TB 3.063 3.060 +0.3

2-year TB 3.091 3.067 +2.4

3-year TB 2.989 2.953 +3.6

10-year TB 3.121 3.088 +3.3

2-year MSB 3.051 3.022 +2.9

3-year CB (AA-) 3.542 3.503 +3.9

91-day CD 3.520 3.520 0.0

Sou…

S. Korean Bond Yields on morning of Sep. 2, 2024

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

1-year TB 3.061 3.060 +0.1

2-year TB 3.086 3.067 +1.9

3-year TB 2.982 2.953 +2.9

10-year TB 3.105 3.088 +1.7

2-year MSB 3.049 3.022 +2.7

3-year CB (AA-) 3.537 3.503 +3.4

Source: Yonhap News Agency

Kia’s Aug. sales fall 1.7 pct

Kia Corp., South Korea’s second-largest automaker, said Monday its August sales fell 1.7 percent from a year earlier amid weakened demand both at home and overseas.

Kia, the smaller affiliate of Hyundai Motor Co., sold 251,638 vehicles in August, do…

Seoul shares nearly flat late Mon. morning

South Korean shares trimmed earlier losses to trade nearly flat late Monday morning.

The benchmark Korea Composite Stock Price Index (KOSPI) slipped 0.28 point, or 0.01 percent, to 2,674.03 as of 11:20 a.m.

The index earlier opened slightly lower o…

S. Korean, U.S. Marines hold major amphibious landing drills

Dozens of amphibious vehicles carrying South Korean and U.S. Marines charged ashore Monday to secure target areas as part of combined drills designed to enhance their amphibious landing capabilities.

The drills took place across two coastal areas in…