October 23, 2024

Number of people changing residences up 3.1 pct in Sept.

The number of South Koreans who moved to other regions in the country rose 3.1 percent on-year in September, data showed Wednesday, as more people relocated to outside Seoul in search of more affordable housing.

Around 463,000 people changed residenc…

Number of people changing residences up 3.1 pct in Sept.

The number of South Koreans who moved to other regions in the country rose 3.1 percent on-year in September, data showed Wednesday, as more people relocated to outside Seoul in search of more affordable housing.

Around 463,000 people changed residenc…

Seoul shares end higher on tech, auto gains; won slips for 8th day

Seoul shares closed higher Wednesday on tech and auto gains amid concerns over a possible slower pace in the Federal Reserve’s rate cuts. The Korean won continued to slip against the U.S. dollar.

The benchmark Korea Composite Stock Price Index rose 2…

S. Korean Bond Yields on morning of Oct. 23, 2024

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

1-year TB 2.879 2.879 0.0

2-year TB 2.960 2.945 +1.5

3-year TB 2.963 2.943 +2.0

10-year TB 3.144 3.130 +1.4

2-year MSB 2.944 2.925 +1.9

3-year CB (AA-) 3.533 3.512 +2.1

Source: Yonhap News Agency

Korean forced labor victim accepts ‘third-party’ compensation

An elderly South Korean victim of Japan’s wartime forced labor, known for her rejection of a government-led compensation plan that excludes responsible Japanese firms, has accepted the reparation package, a victims’ advocate group and the foreign mini…

Seoul to bury 94 pct of above-ground railways underground

The Seoul city government on Wednesday announced a plan to bury 94 percent of the capital’s above-ground railway sections underground to create an extensive green space on the reclaimed land.

Currently, Seoul has 71.6 kilometers of above-ground railw…