October 14, 2024

Court orders employer to pay severance pay to illegal immigrant

A district court has ordered a manufacturing firm to pay some 10.5 million won (US$7,740) in severance pay to an illegal migrant worker, citing photos and other evidence showing the employment.

The company had the worker from Indonesia work without a…

(LEAD) Seoul shares jump over 1 pct on tech gains, foreign buying

South Korean shares closed sharply higher Monday, helped by strong advances in tech and financial shares. The local currency lost ground against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) added 26.38 points, or 1.02 perc…

S. Korean Bond Yields on morning of Oct. 14, 2024

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

1-year TB 2.859 2.856 +0.3

2-year TB 2.966 2.971 -0.5

3-year TB 2.945 2.947 -0.2

10-year TB 3.089 3.085 +0.4

2-year MSB 2.934 2.944 -1.0

3-year CB (AA-) 3.514 3.523 -0.9

Source: Yonhap News Agency

(EDITORIAL from Korea JoongAng Daily on Oct. 14)

South and North Korea are exchanging thorny accusations after the North claimed that South Korean drones had penetrated its airspace three times in October alone and spread leaflets denouncing the Kim Jong-un regime in “skies above Pyongyang.” When as…