Day: October 7, 2024

(EDITORIAL from Korea Herald on Oct. 7)

The dispute over the introduction of the financial investment income tax has intensified after the main opposition Democratic Party of Korea failed to work out an agreement about its legislative schedule on Friday.

The new tax scheme is scheduled

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LG Energy Solution to double sales by 2028

LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Monday it aims to more than double its sales by 2028 with a focus on non-EV business amid the slowdown of electric vehicles.

LGES announced its business portfolio

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S. Korean Bond Yields on morning of Oct. 7, 2024

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

1-year TB 2.863 2.827 +3.6

2-year TB 2.956 2.851 +10.5

3-year TB 2.934 2.824 +11.0

10-year TB 3.085 2.996 +8.9

2-year MSB 2.945 2.853 +9.2

3-year CB (AA-) 3.523 3.415 +10.8

Source: Yonhap

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