October 30, 2024

U.S. Korean War hero Dean Hess receives alliance award

U.S. Air Force Col. Dean Hess, a late veteran who helped rescue around 1,000 orphans during the 1950-53 Korean War, has been selected as this year’s recipient of an award marking the South Korea-U.S. alliance, the South’s defense ministry said Wednesd…

Yoon vows full-fledged support for nuclear power industry

President Yoon Suk Yeol said Wednesday his government will provide full-fledged support to revitalize the nuclear energy industry by constructing new reactors and supporting export bids.

Yoon outlined the plan during a ceremony to commemorate the com…

(LEAD) Seoul shares snap 3-day rise on tech, battery slump

South Korean stocks fell nearly 1 percent to snap a three-session winning streak as foreign investors dumped techs and battery stocks. The local currency rose against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) lost 24.01…

POSCO Future M swings to loss in Q3

POSCO Future M Co. on Wednesday reported its third-quarter net loss of 1.2 billion won (US$872,517), turning from a profit of 23.2 billion won a year earlier.

The company said in a regulatory filing that it posted 1.4 billion won in operating profit …

S. Korean Bond Yields on Oct. 30, 2024

1-year TB 2.870 2.867 +0.3

2-year TB 2.956 2.948 +0.8

3-year TB 2.937 2.936 +0.1

10-year TB 3.105 3.118 -1.3

2-year MSB 2.950 2.943 +0.7

3-year CB (AA-) 3.502 3.504 -0.2

91-day CD 3.430 3.410 +2.0

Source: Yonhap News Agency

BNK Financial Group Q3 net profit up 2.9 pct to 218.4 bln won

BNK Financial Group Inc. on Wednesday reported its third-quarter net profit of 218.4 billion won (US$157.8 million), up 2.9 percent from a year earlier.

The company said in a regulatory filing that operating income for the July-September period fell …