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Seoul shares open higher despite overnight Wall Street losses

South Korean stocks opened higher Thursday despite overnight Wall Street losses from the U.S. Federal Reserve’s indication that it won’t likely cut interest rates next month against the hopes of many investors.

The benchmark Korea Composite Stock Pr…

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(2nd LD) 2 firefighters found dead in meat factory fire

Two firefighters were found dead early Thursday after they were trapped at a burning meat processing factory in the central city of Mungyeong while on a mission to search for fire victims, authorities said.

Rescuers retrieved the bodies of the firef…

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S. Korean Bond Yields on Feb. 1, 2024

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

1-year TB 3.338 3.336 +0.2

2-year TB 3.320 3.319 +0.1

3-year TB 3.267 3.261 +0.6

10-year TB 3.339 3.345 -0.6

2-year MSB 3.319 3.312 +0.7

3-year CB (AA-) 4.001 4.002 -0.1

91-day CD 3.680 3.680 0.0

Sou…

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KG Mobility’s Jan. sales down 16.4 pct on sluggish demand

KG Mobility, formerly known as SsangYong Motor Co., said Thursday its January sales fell 16.4 percent from a year earlier due to weakened demand.

KG Mobility sold 9,172 vehicles last month, compared with 10,973 units sold a year earlier, the company…

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