General

Seoul shares open lower as Powell withholds hints on rate cuts

Seoul shares opened lower Wednesday, as investors sat on the sidelines after Federal Reserve Chairman Jerome Powell fell short of offering more details on the path of the Fed’s rate policy.

The benchmark Korea Composite Stock Price Index (KOSPI) fel…

S. Korea begins production of KF-21 fighter jet

South Korea began production of the homegrown KF-21 fighter jet Wednesday, the defense procurement agency said, in the latest milestone in the country’s efforts to build an advanced fighter aircraft.

A ceremony marking the assembly of the first KF-2…

S. Korean Bond Yields on Jul. 10, 2024

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

1-year TB 3.201 3.201 0.0

2-year TB 3.163 3.159 +0.4

3-year TB 3.120 3.114 +0.6

10-year TB 3.198 3.191 +0.7

2-year MSB 3.148 3.137 +1.1

3-year CB (AA-) 3.576 3.572 +0.4

91-day CD 3.550 3.560 -1.0

Sou…

Suspect in Pattaya murder case extradited home from Cambodia

One of three suspects behind the murder of a South Korean tourist in Pattaya, Thailand, was extradited home from Cambodia, nearly two months after his arrest, officials said Wednesday.

The National Police Agency said the suspect was brought home ear…