A senior official of the Financial Supervisory Service (FSS) on Friday called for banks to preemptively curb household debts.
Lee Joon-soo, FSS senior deputy governor for banks and nonbanks, made the call in a luncheon with the chairs of
Defense Minister Shin Won-sik vowed Friday to strengthen solidarity with France and other countries that share common values at an event commemorating France’s national day, his office said.
Shin made the pledge during the Bastille Day ceremony orga…
Prime Minister Han Duck-soo called Friday for preparing against summer season natural disasters “to the point it seems excessive.”
Han’s remark came as record downpours drenched the country this week, leaving at least five people dead and forcing th…
Today (%) Previous Session(%) Change (BP)
1-year TB 3.201 3.216 -1.5
2-year TB 3.161 3.209 -4.8
3-year TB 3.101 3.163 -6.2
10-year TB 3.177 3.234 -5.7
2-year MSB 3.149 3.200 -5.1
3-year CB (AA-) 3.552 3.614 -6.2
91-day CD
POSCO Holdings Inc., the holding firm of South Korea’s leading steelmaker POSCO Group, said Friday it will cancel 2 trillion won (US$1.45 billion) worth of stocks by 2026.
POSCO Holdings plans to cancel 5.25 million shares worth 1.9 trillion
The Chinese Embassy in Pyongyang has hosted a banquet to mark the 63rd anniversary of the signing of a bilateral treaty, North Korea’s state media reported Friday, amid North Korea’s deepening ties with Russia.
Participants in Thursday’s event inclu…
A joint nuclear deterrence guidelines document signed by South Korea and the United States will significantly expand the assignment of U.S. strategic assets on the Korean Peninsula to a “constant” level, South Korea’s defense ministry said Friday, as…
South Korea has laid the keel for its second 3,600-ton class naval submarine, the state arms procurement agency said Friday, amid efforts to acquire advanced diesel-electric attack submarines for enhanced underwater capabilities against North Korean …
Seoul shares closed lower Friday, snapping a rise for three consecutive sessions, as investors cashed in profits after the U.S. market finished bearish despite slowing inflation data. The local currency fell against the U.S. dollar.
The benchmark Ko…
The economic recovery in South Korea has strengthened on solid exports, the manufacturing sector, and domestic demand showing signs of recovering, the finance ministry said Friday.
The Ministry of Economy and Finance made the assessment in the Green…