October 11, 2024

Finance minister welcomes central bank’s rate cut decision

Finance Minister Choi Sang-mok said Friday he respected and welcomed the central bank’s decision to lower interest rates.

Choi made the comment during a parliamentary audit session into his ministry, which came after the Bank of Korea (BOK) lowered …

S. Korean Bond Yields on morning of Oct. 11, 2024

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

1-year TB 2.847 2.866 -1.9

2-year TB 2.936 2.982 -4.6

3-year TB 2.919 2.962 -4.3

10-year TB 3.060 3.088 -2.8

2-year MSB 2.917 2.957 -4.0

3-year CB (AA-) 3.502 3.542 -4.0

Source: Yonhap News Agency

(LEAD) Lotte Shopping targets 20 tln won sales in 2030

Lotte Shopping Co., an affiliate of South Korean retail giant Lotte Group, said Friday it is targeting to achieve 20 trillion won (US$14.8 billion) in sales in 2030 through the “value-up” program.

Lotte Shopping aims to earn 3 trillion won of the sa…