September 4, 2024

Sales of imported cars fall 4.7 pct in Aug.

Sales of imported cars fell 4.7 percent on-year in August amid a substantial drop in Mercedes-Benz vehicle sales after a massive fire incident involving one of the company’s electric vehicles last month, according to industry data Wednesday.

The num…

Seoul shares fall over 3 pct on concerns of economic slowdown

South Korean shares dipped to a month low Wednesday as concerns of an economic slowdown weighed down investor sentiment. The local currency fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) lost 83.83 points, or 3…

S. Korean Bond Yields on morning of Sep. 4, 2024

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

1-year TB 3.032 3.056 -2.4

2-year TB 3.049 3.088 -3.9

3-year TB 2.943 2.981 -3.8

10-year TB 3.072 3.120 -4.8

2-year MSB 3.001 3.041 -4.0

3-year CB (AA-) 3.508 3.545 -3.7

Source: Yonhap News Agency

NewJeans’ fans demand reinstatement of former ADOR CEO

Fans of NewJeans have called on Hybe and its sublabel ADOR that manages the popular girl group to reinstate Min Hee-jin as CEO, after her sudden removal from the role sparked concern among supporters.

In an open letter, the 1,445 self-identified fan…

(LEAD) S. Korea, New Zealand agree to boost security cooperation

President Yoon Suk Yeol and New Zealand Prime Minister Christopher Luxon condemned growing military ties between North Korea and Russia and agreed to enhance security cooperation during their summit Wednesday, Yoon’s office said.

Yoon and Luxon disc…