South Korea on Friday pledged to continue its cooperation with Japan’s incoming government in order to maintain “positive momentum,” following the ruling party’s election of former Defense Minister Shigeru Ishiba as leader, setting him up to become t…
South Korea should realign its export structure by boosting the portion of the service sector while reducing dependence on the manufacturing segment amid digital transformation and the artificial intelligence era, a central bank report said Friday.
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South Korea on Friday began its annual consultation meetings with global rating appraiser Standard and Poor’s Global Ratings (S and P) to discuss the country’s credit valuation and other agendas, the finance ministry said.
Finance Minister Choi Sa…
Banks’ loan rate declined for a third consecutive month in August, as the central bank has frozen its key rate for more than a year amid moderating inflation and high household debt, central bank data showed Friday.
The average lending rate of banks…
Today (%) Previous Session(%) Change (BP)
1-year TB 2.845 2.853 -0.8
2-year TB 2.830 2.815 +1.5
3-year TB 2.826 2.807 +1.9
10-year TB 3.000 3.001 -0.1
2-year MSB 2.877 2.872 +0.5
3-year CB (AA-) 3.409 3.395 +1.4
91-day CD 3.530 3.530 0.0
Sou…
South Korea has highlighted the need to ensure a stable global supply of critical minerals, such as nickel and cobalt, used for advanced technologies, as it presided over a multilateral meeting on critical mineral supply in New York this week.
The 1…
